Prime Downtown Springfield Mixed-Use Building for Sale Located in the heart of vibrant downtown Springfield, this 7,920 SF, two-story mixed-use building is a fantastic investment opportunity. Built in 2023, the property is fully occupied with a diverse tenant mix, offering both commercial and residential income streams. Financials available upon request.
Key Property Features:
Size: 7,920 SF, two-story building
Year Built: 2023
Fully Occupied:
2 commercial tenants, 3 residential tenants
Average rental rate $17 per square foot / per year
Modified triple net with annual leases
Location: Downtown Springfield, offering high visibility and foot traffic, adjacent to large public parking and City Hall
Income: Est. Annual Gross Inc $132,600, Est. Annual Exp $15,495, Est. Annualized NOI $117,105