222 Primrose StSpringfield, MO 65807

For Sale
$3,450,000

Springfield, MO Office Buildings

Overview

Added:
Dec 11, 2024
Days on market:
92
This Springfield, Missouri office complex offers a compelling value-add investment opportunity. The property comprises two buildings totaling 19,617 square feet on a 2.06-acre lot, currently boasting 75.44% occupancy across eleven tenants. Located in a highly desirable corridor, just half a mile from Springfield's Medical Mile, the property features a drive-thru window (previously a credit union location). Zoned for General Retail & PD-21 A-1, this presents significant potential for increased rental income. The buildings are classified as Class B, with a lease type of NNNN and no tenant credit rating. Individual building purchases are possible. The asking price is $3,450,000, translating to $175.87 per square foot. The property's address is 222-248 E Primrose St, Springfield, MO 65807, with APN numbers 1812305115 & 1812305144. The property includes executive, medical, and traditional office subtypes.

Highlights

  • 75% combined occupancy across both buildings.
  • Drive-thru window available; previously a credit union.
  • Excellent location, half-mile from the Medical Mile.
  • 222 E Primrose and 228 E Primrose are separately available for purchase.
  • Value-add opportunity with potential for rental increases.

Property Details for 222 Primrose St

Property type
Other office properties, Medical offices
Square Feet
19,617 SF
Class
B
Buildings
2
Stories
1
Lot Size (sq. ft)
89,734 SF

Location Insight

City
Springfield
County
Greene
State
Missouri
Latitude
37.145366982575
Longitude
-93.292742447474
222 Primrose St, Springfield, Missouri

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222 Primrose St
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