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532 E Walnut St 3,848 SF Retail Building Springfield, MO 65806 $385,000 ($100.05/SF)
Investment Highlights
- Close to downtown and MSU
- Opportunity for restoration and adaptive reuse
- Convenient location at Walnut and Kimbrough
Executive Summary
Own a rare piece of Springfield history while positioning yourself for long-term commercial opportunity. This iconic property, Springfield's very first drive-through bank offers a distinctive blend of mid-century modern architecture and rock-solid construction quality that simply isn't common today. Designed by local architect Joe Amspacher and built in 1960 as the Southern Missouri Trust Company's Motor Bank, the structure was engineered for high-level security, lasting durability, and flexible reuse, complete with a basement vault that remains today. Concrete construction, bold six-foot overhangs, Tennessee Crab Orchard stone exterior, and original bulletproof glass create a structure that is both visually striking and exceptionally sound. Its unique character, strong visibility, and flexible layout make it well-suited for a variety of commercial uses, from office or retail to creative or specialty concepts. Built like a vault and rich in architectural significance, this is a one of a kind asset that combines history, stability, and future potential. Simply, mid-century modern done right.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,848 SF
Building Class
C
Year Built
1960
Price
$385,000
Price Per SF
$100.05
Tenancy
Single
Building Height
2 Stories
Building FAR
0.25
Lot Size
0.35 AC
Opportunity Zone
Yes
Zoning
INC.
Parking
10 Spaces (2.6 Spaces per 1,000 SF Leased)
Frontage
43’ on Walnut St
Moderately walkable
60/100
Moderately drivable
60/100
Limited public transit
30/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 13-24-242-042 | Improvements Assessment | $23,620 |
| Land Assessment | $35,330 | Total Assessment | $58,950 |
Property Taxes
Parcel Number
13-24-242-042
Land Assessment
$35,330
Improvements Assessment
$23,620
Total Assessment
$58,950
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532 E Walnut St
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