Purchase Price $3,300,000

Founders Park Lofts Springfield, MO

Access CA / Doc Center

Founders Park Lofts

Address

330 East Water Street
Springfield, MO 65806

Summary

  • Units: 32 +1 Commercial Space
  • Built: 1875
  • Renovated: 2004

Investment Highlights

  • Stabilized Offering Featuring Significant Value-Add Upside Potential
  • Exceptional Downtown Springfield Location – Countless Restaurants, Bars, Breweries, & Shops Within Walking Distance
  • Attractive Historic Renovation – Fully Gut-Renovated with 20-Year-Old Systems
  • Long-Term Local Ownership
  • Unique Springfield Market Dynamics
  • Offered Free & Clear of Existing Debt


Stabilized Offering Featuring Significant Value-Add Upside Potential

Founders Park Lofts features strong historic occupancy and performance and is being sold by the original developer. The asset offers a clear path to unlocking additional upside through light value-add modernizations and operational efficiencies.

Exceptional Downtown Springfield Location – Countless Restaurants, Bars, Breweries, & Shops Within Walking Distance

Located in the heart of the downtown district, Founders Park Lofts provides tenants with the ultimate amenity – the ability to walk minutes to coffee shops, bars, casual and fine dining, local shops, theaters, and countless other businesses in and around downtown.

Attractive Historic Renovation – Fully Gut-Renovated with 20-Year-Old Systems

Built in 1875 and redeveloped in 2004, Founders Park Lofts is a stunning rehabilitation of one of the oldest buildings in Springfield. This unique asset appeals to a wide variety of tenants seeking the charm and character of a historic building.

Location Map

Amenities

Tenant Services

Unit Amenities

  • Covered Patios (First Floor Only)
  • Washer/Dryer Connections
  • On-Site Laundry Machines
  • Utilities Included in Rent: Water, Sewer, Trash

Community Amenities

  • Private Parking Lot
  • Indoor Bike Storage on All 3 Floors
  • Keycode Access to the Building
  • Surveillance Cameras
  • Security Patrol
  • Close to Bearline Shuttle & City Transportation
  • Pet Friendly

Team

Brokerage Team

When evaluating your options for a partner to assist with the sale of your multifamily asset, there are a number of factors you may consider. From experience and market knowledge to marketing prowess and ongoing support, each plays an integral role in creating a positive experience and a profitable outcome. Yet the one competency you may never have considered could be the one that matters most: the ability to move capital across markets efficiently and effectively.

 

 

 

MMG possesses a unique combination of talent, resources, expertise, and access that delivers an elevated experience from acquisition to disposition. Discover the benefits of a partnership with us.

Tom Maloney

Tom Maloney

Senior Director
MMG REA
314.305.2477 tom.maloney@mmgrea.com
Daniel Wiele

Daniel Wiele

Senior Director
MMG REA
314.606.0256 daniel.wiele@mmgrea.com
Hank Hicks

Hank Hicks

Senior Advisor
MMG REA
314.420.1828 hank.hicks@mmgrea.com
Mitchell Schieber

Mitchell Schieber

Associate
MMG REA
636.484.6473 mitchell.schieber@mmgrea.com
Thomas Skevington

Thomas Skevington

Senior Advisor
MMG REA
913.231.1086 thomas.skevington@mmgrea.com
Tanner Wycoff

Tanner Wycoff

Director of Structured Finance
MMG REA
785-331-8123 tanner.wycoff@mmgrea.com
Alex Blagojevich

Alex Blagojevich

Executive Managing Director/Founding Partner
MMG REA
773.899.0391 alex.blagojevich@mmgrea.com
Michael Sullivan

Michael Sullivan

Executive Managing Director/Founding Partner
MMG REA
913.484.7923 michael.sullivan@mmgrea.com