Warehouses for sale in Springfield, Missouri, offer a unique investment opportunity in a city that serves as a regional hub for medical care, education, and sports. With a strong presence of major hospitals, universities, and colleges, including Missouri State University and Drury University, Springfield provides an ideal environment for businesses to flourish. The city's infrastructure, including City Utilities of Springfield (CU), ensures a reliable supply of essential services, making it an attractive location for warehouse investments. Additionally, Springfield's location at the intersection of Interstate 44 and U.S. Route 65 provides easy access to major transportation routes, connecting it to St. Louis, Tulsa, Kansas City, and other areas. The city's amenities, such as Nathanael Greene/Close Memorial Park and Phelps Grove Park, also contribute to its appeal as a great place for business and travel.
With 11 warehouses for sale in Springfield, investors have a range of options to choose from. These warehouses offer a variety of characteristics, including average prices per square foot of $135 USD, average sizes of 30,038 square feet, and largest sizes of up to 75,755 square feet. The average cap rate for these warehouses is 7.18%. In addition to warehouses, Springfield also offers other property types, such as industrial properties, land, residential income homes, and commercial real estate. For instance, industrial properties in Springfield provide opportunities for manufacturing and distribution, while land offers a blank canvas for development. Residential income homes and commercial real estate, on the other hand, cater to the city's growing population and business community. Overall, Springfield's diverse range of properties and amenities make it an attractive location for investors and businesses alike.
What are the key features investors look for in warehouses in Springfield?
When searching for warehouses in Springfield, investors typically look for key features that ensure a strong return on investment, including:
- Average price per square foot of around $135 USD, with an average size of 30,038 square feet and a maximum size of 75,755 square feet;
- A competitive average cap rate of 7.18%, which indicates a promising potential for rental income;
- Proximity to major transportation facilities, such as the Springfield-Branson National Airport, Interstate 44, and U.S. Routes 60, 65, and 160, which facilitates easy access to regional markets and supply chains.
What size warehouses are available to buy in Springfield?
Warehouses for sale in Springfield range in size from 30,038 square feet to 75,755 square feet, offering a variety of options for businesses and investors looking to purchase a warehouse in the area.
How much does it cost to buy a warehouse in Springfield?
As of now, there are 11 warehouse listings available for sale in Springfield, with an average price per square foot of $135 USD and an average size of 30,038 square feet, ranging from smaller options to larger facilities spanning up to 75,755 square feet, and offering an average cap rate of 7.18%.
