YOUR BUSINESS AUTHORITY

Springfield, MO

Tillman Redevelopment LLC buys downtown property next to The Old Glass Place.
SBJ photo by Eric Olson
Tillman Redevelopment LLC buys downtown property next to The Old Glass Place.

Downtown developer buys former site of century-old buildings

Posted online

Tillman Redevelopment LLC purchased a downtown vacant lot that once had two nearly century-old vacant buildings.

Easterly Auction Co. owner Mike Easterly said the 511 St. Louis St. property, next to The Old Glass Place, sold at auction Sept. 1 to Scott Tillman, the owner of the development and property management company. The seller was Alice Spackman, Easterly said, noting the sale was the first and only auction held for it.

Paul Tillman, Scott’s son and property manager of Tillman Redevelopment, said the company has no immediate plans for the land. He declined to disclose the purchase price for the less than 1-acre lot with a 2017 taxable appraised value of $186,900, according to Greene County assessor records.

“We saw an investment opportunity, so we took it,” he said. “A vacant lot can be whatever a user needs it to be.”

At the site in early 2014, the city of Springfield issued a public nuisance notice and two buildings - originally constructed in 1920 - were demolished. The roofs of the structures had collapsed, creating a public safety hazard. The lot is adjacent to the former Arbor motel that was demolished in 2007 and early 2008 and across the street form the Discovery Center.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Startup Corner: Eden Garrett, Eden’s Flower Truck

The 21-year-old is working to graduate in May while cultivating her small business.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
Demand Pull Inventory Control

“We’re doing really complicated math, forecasting way in the spring, what we’re gonna need in inventory by what date,” says Shawn Askinosie, the Founder and CEO of Askinosie Chocolate. The …

Need to Focus Leads to Sale of Business “It’s been hard for me to choose. There is a point when I knew I needed to focus on one of these businesses,” says Elle Feldman, owner of Elle’s Patisserie and Lavare Spa (now rebranded as …
My Mentor - My Teammate in Life “He was a strong man of faith and courage and very wise - my biggest supporter in any endeavor in life,” says Tami North, Executive Director of the Rogersville Area Chamber of Commerce and one of …
From Cutbacks to Cutting Tracks “Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …
Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …