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435 E Walnut St 0.49 Acres of Commercial Land Offered at $599,000 in Springfield, MO 65806

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INVESTMENT HIGHLIGHTS

Located near MSU campus, Government Plaza, multi-family housing, restaurants,Cadinal Stadium and Hammons Preforming Art Center,
25,000 residents within 3 miles
Center City zoning aims to balance both residential and commercial development,

40,000 students in market area
Zoned Center City; taxed as residential

EXECUTIVE SUMMARY

Current building can be demolished, offering an excellent opportunity to build a new successful income producing investment. Downtown Springfield is active and dynamic. A great place to work, live and play. There are five universities near–by with an enrollment of approximately 40,000 day and evening students. An additional 25,000 people work in the Central Business District. +/-19,000 people live within a 1 mile radius. Property can be partially occupied and income producing until new owner is ready to start developing th new project.

Land-For Sale (2)-

Buyer Incentive Notes

PROPERTY FACTS

Price	$599,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Commercial Retail Office Single Family Residence
Sale Condition	Redevelopment Project	Total Lot Size	0.49 AC
No. Lots	1	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type	Land
Zoning	Center City (CC) - (CC) zoning is governed by the city's Center City Plan and updated community codes, which focus on creating a distinct for mixed developmeent

Price	$599,000
Sale Type	Investment
Sale Condition	Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Retail Office Single Family Residence
Total Lot Size	0.49 AC
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	Center City (CC) - (CC) zoning is governed by the city's Center City Plan and updated community codes, which focus on creating a distinct for mixed developmeent

1 LOT AVAILABLE

Lot 1324240005

Price	$599,000	Lot Size	0.49 AC
Price Per AC	$1,222,448.98

Price	$599,000
Price Per AC	$1,222,448.98
Lot Size	0.49 AC

Level; all utilities; and two curb cuts;

DESCRIPTION

Center City zoning in Springfield, MO, is governed by the city's Center City Plan and updated community codes, which focus on creating distinct, mixed-use urban districts like Downtown, Commercial Street, and Walnut Street. The zoning aims to balance residential and commercial development, promote quality of place, and adapt to modern trends like "missing middle" housing (duplexes, townhomes) and reduced parking requirements. The updated Community Land Development Code and specific district plans, such as the College Street Corridor Plan, provide detailed regulations for uses, building types, and urban design within these areas.

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Walk Score®

Walker's Paradise (90)

Bike Score®

Very Bikeable (83)

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PROPERTY TAXES

Parcel Number	13-24-240-005	Improvements Assessment	$148,030
Land Assessment	$47,010	Total Assessment	$195,040

PROPERTY TAXES

Parcel Number

13-24-240-005

Land Assessment

$47,010

Improvements Assessment

$148,030

Total Assessment

$195,040

(417) 888-3231

CONTACTS

Skip Liebman
Keaton Snow
Reece Commercial

Listing ID: 38033970
Date on Market: 10/10/2025
Last Updated:
Address: 435 E Walnut St, Springfield, MO 65806

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435 E Walnut St, Springfield, MO for sale Building Photo- Image 1 of 4 — Land - resized

435 E Walnut St, Springfield, MO for sale Building Photo- Image 2 of 4 — Aerial Looking South

435 E Walnut St, Springfield, MO for sale Building Photo- Image 3 of 4 — Downtown Festival

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