540 E Commercial St, Springfield, MO 65803
OFF MARKET

$191,900

Trulia Estimate
  • Studio

540 E Commercial St, Springfield, MO 65803

Midtown
Est. Refi. Payment $1,221/mo*
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Home Value

Trulia Estimate
$192K
Since last month
Increased$16K (+9.3%)
Since last year
Increased$25K (+14.9%)
Learn more about this home's value by checking out its Trulia Estimate.

Trulia Estimate

The of this home's value increased by +154% in the last 10 years
MonthEstimated value
2026
September 2026$193K
August 2026$176K
July 2026$186K
June 2026$178K
May 2026$170K
April 2026$179K
March 2026$171K
February 2026$173K
January 2026$173K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Local Information

  • Map ViewExplore the area around 540 E Commercial St.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Multi-Family
Built in 1899

About this House

Two-story brick mixed use building, with +/- 5,500 square feet per floor, partial tin ceilings, private parking and located on Historic Commercial Street... Once renovated, would be perfect for office, restaurant or retail, with large display windows and overhead door. The second level includes hardwood floors, exposed ceiling and plenty of large windows on all four sides of the building. Vacant land to the South, directly behind the property, can be purchased for additional parking. Across the street from the Frisco Museum and just East of Askinosie Chocolates. Owner financing and/or cooperative development opportunities available for qualified Buyer.<br/><br/>Brokered And Advertised By: CJR, Commercial Group<br/>Listing Agent: Alfred L Liebman
540 E Commercial St, Springfield, MO 65803 is a studio multi-family in Midtown, built in 1899. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $191,900, with a rent estimate of $966/month.

Home Details for 540 E Commercial St

Property Information

Year Built
Year Built: 1899
Property Type / Style
Property Type: Multi Family

Price and Tax history

DateEventPrice
Dec 9, 2010
Source: Agent Provided
ListingRemoved
$269,000
Oct 6, 2010
Source: Agent Provided
Listed For Sale
$269,000
Jul 24, 2010
Source: Agent Provided
ListingRemoved
$269,000
Apr 11, 2010
Source: Agent Provided
Listed For Sale
$269,000

Market trends in Springfield

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$257K
$9.96KMoM
Sale-to-List Price
99.7%
0.1%MoM
Price per sq ft
$158
$2MoM
Available listings
940
135MoM

Around this home

Neighborhood Overview

Midtown
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Midtown

At least 31 Trulia users voted on each feature.

  • 93 % Say it's dog friendly

  • 91 % Say car is needed

  • 89 % Say yards are well-kept

  • 88 % Say there are sidewalks

  • 81 % Say parking is easy

  • 64 % Say there's holiday spirit

  • 53 % Say kids play outside

  • 51 % Say neighbors are friendly

  • 50 % Say it's walkable to restaurants

  • 50 % Say it's walkable to grocery stores

  • 44 % Say they plan to stay for at least 5 years

  • 36 % Say there's wildlife

  • 34 % Say it's quiet

  • 31 % Say streets are well-lit

  • 22 % Say people would walk alone at night

  • 20 % Say there are community events

Sourced by Trulia users. Learn more about our methodology.
  • Leslie Potts
    "Historic area houses are all very neat and clean. Craftsman style. Nice neighborhood. I’m ready to move in I’m hopeful it’s still available. "
    0
    Flag
  • Trulia User
    "Dogs welcome and neighborhood is friendly. Very historic and a lot of people have lived here their whole lives. Convenient for shopping and the elementary school is new. "
    0
    Flag
  • Trulia User
    "There are a lot of families living in the area and some nice parks. Commercial Street is really nice and beautiful historic buildings line the street. However there is a lot of homelessness in the area as well."
    0
    Flag
  • Trulia User
    "lots of people walk dogs, it is a friendly neighborhood. lots of families, college students. the yards are well maintained and there are restaurants, theaters, shopping, sporting places nearby. "
    0
    Flag
  • Beth S.
    "there is way to much crime and violence around this neighbor. I would never suggest any one with kids be apart of this trash"
    1
    Flag
  • Alyssa R. M.
    "I’ve heard a lot of gunshots and someone attempted to break into my house in the middle of the day. The neighbors seem to be nice."
    3
    Flag
  • King.florida@gmail.com
    "I've lived here for a year. Some neighbors like to party with music but usually end by 11pm. Not a bad place. Also close to Drury University, beautiful houses."
    5
    Flag
  • Nolina244
    "I've lived in this neighborhood for eight years and it hasn't changed much. they've reconstructed some things in the area and they have also discontinued some things like the homeless shelter at the Missouri Motel."
    8
    Flag
  • alr464
    "I have lived in Midtown's Historic District for 15 years and my husband has lived in this neighborhood for over 22 years. The schools are the best in Springfield! They are the only International Baccalaureate school in the city for gifted students. Beautiful historic neighborhood with an active neighborhood association that is close to public parks and pools, shopping, night life, restaurants, cafes, theatres, etc..."
    8
    Flag
  • alr464
    "Have lived here for 12 years and I love the Midtown neighborhood."
    3
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 540 E Commercial St

  • What is 540 E Commercial St estimated to be worth?
    Trulia's estimated value for 540 E Commercial St in Springfield, MO is $191,900.
  • Is Springfield a buyer's or seller's market?
    Springfield is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Springfield?
    The median sale price in Springfield is $257K. That is up $9.96K from the prior month.
  • What do residents say about the Midtown neighborhood?
    Residents describe the Midtown neighborhood in Springfield, MO as dog-friendly, well-kept, and pedestrian-friendly. See recently sold homes in Midtown, Springfield.

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