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$208,500
2 Beds 2 Baths 7131789 MLS
Located on a large corner lot, this well-maintained home offers a spacious layout, great outdoor space, and plenty of room to expand. The main floor features a large living room along with an open kitchen and dining area, creating an inviting space for everyday living and entertaining. The kitchen offers ample cabinet storage and a convenient seating area, while the adjoining sunroom provides a bright extension of the main living space with direct access to the backyard patio. Two main-level bedrooms and a full bathroom with great storage provide comfortable one-level living. A main-level laundry room is conveniently located just off the garage entry, adding functionality to the everyday routine. The full basement offers a wide-open layout with plenty of possibilities for creating additional finished square footage. Add bedrooms, a family room, home office, hobby space—or design it to fit whatever the next chapter requires. The 18’ x 26’ attached garage provides access to the backyard. Outside, the corner lot provides an expansive backyard with patio space and plenty of room for outdoor activities and gatherings. Newer siding and a steel roof add to the home’s durability and appeal. With a spacious main floor, convenient layout, attached garage, large backyard, and unfinished basement ready for future possibilities, this property offers a versatile opportunity in Springfield!

404 S Paffrath Avenue, Springfield

Listing courtesy of Reiner Real Estate.

$300,000
6 Beds 4 Baths 7129280 MLS
Excellent investment opportunity in Springfield, Minnesota! This well-maintained four-unit apartment building offers a strong combination of current rental income, multiple unit configurations, garage space, and significant potential for increased revenue. The property features two one-bedroom apartments and two two-bedroom apartments, with all four units currently occupied, providing an established income stream from day one. A major advantage of this property is the four detached garage stalls. With thoughtful restructuring of the garage spaces and a review of how the garage and rental spaces are utilized, there is substantial upside potential to increase monthly revenue. A new owner may have the opportunity to better allocate or separately rent garage space and make adjustments to the existing rental structure, creating additional income beyond what the current rates are. The property also includes coin-operated laundry, providing a convenient amenity for tenants and another source of potential income. Situated on a corner lot, the property offers good access, visibility, and off-street parking. This is an attractive opportunity for an investor looking for a property with existing occupancy and cash flow today, while still offering room to improve and increase revenue over time. The combination of four rental units, four detached garage stalls, on-site laundry, and potential for restructuring makes this a property with both stability and upside.

305 N Van Buren Avenue, Springfield

Listing courtesy of Kemp Real Estate.

$55,000
7113845 MLS
Exceptional industrial development opportunity located on the west edge of Springfield, Minnesota. This industrial lot offers a strategic location with convenient access, making it well suited for a variety of industrial, warehouse, manufacturing, commercial, contractor, or service-related uses. The site provides ample space for new construction and flexibility to accommodate a range of development plans, subject to local zoning and approval requirements. Situated within a progressive community, Springfield offers an outstanding environment for businesses to grow and succeed. The city is supported by a strong local workforce, excellent public and private educational opportunities, and a vibrant business community. Residents and employees enjoy numerous amenities, including parks, walking trails, an aquatic center, campground, golf course, and a welcoming downtown district, contributing to an exceptional quality of life. Whether you’re expanding an existing operation, relocating your business, or investing in future development, this property presents an excellent opportunity to establish your presence in one of southern Minnesota’s thriving communities.

TBD 2nd Industrial, Springfield

Listing courtesy of Reiner Real Estate.

$495,000
7115720 MLS
Don’t miss this exceptional investment opportunity in the heart of Springfield! This well-maintained professional commercial building features four fully leased spaces, providing immediate and reliable rental income with established, reputable businesses already in place. Situated on a highly visible corner lot with a dedicated parking lot, this property offers excellent accessibility and strong curb appeal. The building has been meticulously maintained with numerous updates, including a new roof in 2009, new furnaces installed in 2024, and a spacious addition completed in 2015, along with many other improvements throughout the years. Whether you’re looking to expand your investment portfolio or secure a turnkey commercial property, this income-producing building is an opportunity you won’t want to miss!

602 N Jackson Avenue, Springfield

Listing courtesy of Kerkhoff Auction & Real Estate.

$259,000
4 Beds 2 Baths 7098333 MLS
Beautifully renovated and exceptionally maintained, this spacious 3 or 4 bedroom, 1.5 bath home offers an outstanding combination of style, comfort, and functionality. Situated on a well-landscaped corner lot, the property features a large, shaded backyard with plenty of space for outdoor entertaining, recreation, or relaxation! The bright and inviting main level has an open flow with new windows, flooring, and paint throughout. It features a huge living room highlighted by a large picture window that fills the home with natural light. The updated eat-in kitchen offers ample cabinetry and workspace and flows seamlessly into the adjoining dining room, creating an ideal layout for everyday living and gatherings. Three main-level bedrooms feature beautiful hardwood floors and are located adjacent to the remodeled full bathroom, complete with a separate tub and shower. An additional office or fourth bedroom provides flexible space to accommodate a variety of needs. The partially finished lower level includes a cozy remodeled family room, offering generous additional living space for entertaining or relaxing. New shingles installed in 2024, as well as electrical updates, provide added value and peace of mind. With quality renovations throughout, great square footage, an attached double garage, and an exceptional corner-lot setting, this move-in-ready property is one not to be missed.

403 S Paffrath Avenue, Springfield

Listing courtesy of Reiner Real Estate.

$349,000
3 Beds 2 Baths 7095297 MLS
Incredible mixeduse opportunity in Springfield, MN! This unique property includes two updated geothermal homes, a 44×88 commercial shop, and three city lots, all sold together as one versatile package. Perfect for investors, business owners, or anyone seeking a live work setup with multiple income streams. The commercial building features a freshly painted brick front, 200 amp electrical, multiple overhead doors, upper storage, and mixed commercial/residential zoning. Ideal for welding, auto work, or rental income. Both homes are updated and energy efficient with geothermal heating/cooling, modern siding, and 1.75 baths. One home is currently rented, providing immediate income. The three city lots offer ample parking, yard space, and future expansion potential. A rare chance to own a turnkey multi property package with exceptional flexibility and value. Property includes two tax parcels and a commercial building that crosses parcel lines. All parcels must be sold together. Property Taxes does not include the 2nd parcel ID Number and lot size.

101 Wilson Street, Springfield

Listing courtesy of Savvy Avenue, LLC.

$75,000
7079054 MLS
Excellent downtown Springfield investment opportunity! This mixed-use commercial property features a prime main-level commercial space with 1,782 sq ft currently occupied by Community Treasures, offering strong visibility and a well-established downtown presence. The upper level includes a two spacious apartments (a one bedroom and a two bedroom) creating additional income potential or the perfect owner-occupant setup. The property also features a full basement, providing ample storage space and added functionality for business or tenant use. Located in a high-traffic downtown area with easy access and excellent exposure, this property offers outstanding potential for investors, entrepreneurs, or those seeking a live/work opportunity. Don’t miss your chance to own a versatile downtown property in the heart of Springfield!

20 E Central Street, Springfield

Listing courtesy of Reiner Real Estate.

$175,000
7079886 MLS
Prime downtown commercial opportunity with endless potential! This high-visibility property offers approximately 2,268 sq. ft. of main-level commercial space ideally suited for retail, office, restaurant, boutique, or service-based business use. Located in the heart of downtown Springfield, the property benefits from excellent traffic counts, strong visibility, and easy access for customers and clients alike. Above the commercial space is a spacious upper-level 2-3 bedroom apartment, offering comfortable living with scenic downtown views and providing excellent income-producing potential or owner-occupant flexibility. The full basement provides ample storage space. In addition to the real estate, there is also the opportunity to purchase a well-established turnkey business that has successfully served the community for many years, making this an exceptional investment opportunity for entrepreneurs and investors alike. Whether you are looking to expand your business, invest in mixed-use property, or take advantage of a proven business location, this property delivers outstanding potential.

18 E Central Street, Springfield

Listing courtesy of Reiner Real Estate.

$429,000
2 Beds 2 Baths 7054661 MLS
Discover the rare opportunity to create your dream home from the ground up! This thoughtfully designed 2-bedroom, 2-bathroom duplex will be located on the desirable south edge of Springfield in the peaceful Wild Ridge Addition, offering a quiet, relaxed setting while still being conveniently close to town. This home will feature comfortable main-level living with an open, functional layout and an attached double garage for added convenience. Best of all, buyers will have the unique chance to fully customize the home to their exact tastes and needs—from finishes to fixtures both inside and outside—ensuring every space reflects their personal style. Even better, the building process is designed to be simple and seamless. The contract work and coordination will be handled for you, making it easy to focus on the fun part—selecting the features and finishes that make the home truly yours. Whether you’re looking for modern elegance, cozy comfort, or something in between, this is your chance to bring your vision to life in a beautiful, low-maintenance new build in one of Springfield’s most serene locations. Up to $40,000 down payment assistance possibilities for this new construction!

xxx Garden Street, Springfield

Listing courtesy of Reiner Real Estate.

$115,000
4 Beds 2 Baths 7033085 MLS
Welcome to 117 W Van Dusen Street! Packed with potential, this 4-bedroom, 1.25-bath home sits right in the heart of Springfield and is ready for your personal touch. You’ll love the character throughout—from the cozy bay window that’s perfect for a reading nook to the beautiful wood floors on both the main level and upstairs, along with original door knobs that add a touch of vintage charm. The layout offers a main floor bedroom and updated bath, with three additional bedrooms upstairs, giving you plenty of space to grow. Outside, the fenced yard provides room to enjoy the outdoors, while the large basement adds even more possibilities for storage, hobbies, or additional living space. Recent updates include new furnace and A/C. A great opportunity to make this home your own - schedule a tour today!

117 W Van Dusen Street, Springfield

Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

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