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Investment Highlights

  • Attractive downtown storefront with strong street presence on Central St
  • Prominent signage band above storefront enhances branding exposure
  • Large display windows provide excellent visibility and natural light
  • Established retail location currently operating as a paint & home décor shop

Executive Summary

Excellent downtown Springfield investment opportunity! This mixed-use commercial property features a prime main-level commercial space with 1,782 sq ft currently occupied by Community Treasures, offering strong visibility and a well-established downtown presence. The upper level includes a two spacious apartments (a one bedroom and a two bedroom) creating additional income potential or the perfect owner-occupant setup. The property also features a full basement, providing ample storage space and added functionality for business or tenant use. Located in a high-traffic downtown area with easy access and excellent exposure, this property offers outstanding potential for investors, entrepreneurs, or those seeking a live/work opportunity. Don’t miss your chance to own a versatile downtown property in the heart of Springfield!

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
3,564 SF
Building Class
C
Year Built
1920
Price
$75,000
Price Per SF
$21.04
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.43
Lot Size
0.06 AC
Zoning
Business / Commercial - Business / Commercial
Fairly walkable
40/100
Very drivable
80/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 00300001009094
  • 00300001009092
Land Assessment
$17,000
Improvements Assessment
$61,400
Total Assessment
$78,400
  • Listing ID: 40751592

  • Date on Market: 6/2/2026

  • Last Updated:

  • Address: 20 E Central St, Springfield, MN 56087

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