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504 W Commercial St 12,319 SF 100% Leased Retail Building Springfield, MO 65803 $285,000 ($23.13/SF)

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Investment Highlights

Historic corner building positioned at Commercial Street and Lyon Avenue.
First floor is divided into four bays with flexible retail and commercial potential.
Alley access features three overhead doors supporting a variety of operational uses.

Originally constructed around 1907 and formerly home to multiple local businesses.
Second floor includes open loft areas adjacent to five apartment rooms.
Ownership improvements include extensive tuck-pointing, roof repairs, termite treatment, and more than 250 hours of interior demolition work.

Executive Summary

Welcome to the historic Hughes Brothers Building located on the corner of Commercial Street and Lyon Avenue. Initially constructed around 1907, this 12,000+ sq. foot building (assessor's office) once housed numerous retail spaces over the years including Hughes Brothers Grocery, Evans Drug, Gingham Girl Cafe and eventually Welhener Tent & Awning. Divided into four bays on the first floor and three on the second, the building features retail spaces and two open loft areas upstairs which are adjacent to five spacious apartment rooms. The alley access has three overhead doors accommodating a multitude of potential business plans. Significant Value Adds of current owner include extensive tuck-pointing of brickwork, patching the roof, a termite treatment with options for warranty AND OVER 250 hours of demo work already completed, including roof on the West side of the building over the garage section has had recent updates made to it! Make your dream of building with the community here as a part of the revitalization of historic Commercial Street!!