Renovated Office Space with Backyard
2240 N Grant Avenue Springfield, MO 65803
2240 N Grant Avenue, Springfield, MO, 65803
$164,999
For Sale
$164,999
SINGLE_FAMILY - Springfield, MO
Property Size1,368 SF
Lot Size0.10 Acres
Price / SF$120.61
Days on Market76
Property Features for 2240 N Grant Avenue
General Information
- Property type
- Residential
- Property subtype
- Office
- Zoning
- INC
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- APN
- 1311114014
- Size
- 1,368 SF
- Lot size
- 0.10 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- FAIRVIEW ADD W 22 FT E 152 FT LOT 3 & E 56 FT W 75 FT LOT 4 BLK C
- Tax Annual Amount
- 1711
Building Details
- Year built
- 1953
Listing agency
Jones - Lassley Realty, Inc
(417) 581-6213
Listed by
Echo Combs · License #2022010364
(417) 545-1981
Added: May 7 Updated: Jul 7 at 10:37AM Checked: Jul 21 at 9:06PM
MLS# 60322867
Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated commercial office space totals 1,368 sq ft and is laid out with the flexibility to create up to five private office spaces. The interior features a clean, modern look with welcoming common areas and a kitchenette for everyday convenience. Recent updates include new HVAC installed in 2025, supporting tenant comfort and day-to-day usability.
The property is located at 2240 N Grant Avenue in Springfield, MO 65803, within zoning designated as INC. In addition to the indoor work areas, there is a backyard that can be used for flexible outdoor space and may support additional parking needs depending on how the site is configured.
With its ability to accommodate multiple private offices, this space can fit a range of smaller professional and service uses that benefit from suite-style operations. It may be suitable for an owner-occupant seeking a modernized interior, or for an investor looking for a flexible setup that can be organized around private offices and shared common areas. Prospective tenants and buyers should review the on-site layout and intended office configuration to confirm it aligns with their operational needs.
The property is located at 2240 N Grant Avenue in Springfield, MO 65803, within zoning designated as INC. In addition to the indoor work areas, there is a backyard that can be used for flexible outdoor space and may support additional parking needs depending on how the site is configured.
With its ability to accommodate multiple private offices, this space can fit a range of smaller professional and service uses that benefit from suite-style operations. It may be suitable for an owner-occupant seeking a modernized interior, or for an investor looking for a flexible setup that can be organized around private offices and shared common areas. Prospective tenants and buyers should review the on-site layout and intended office configuration to confirm it aligns with their operational needs.
Key Highlights
- Renovated 1,368 sq ft commercial space suitable for various small businesses.
- Potential for up to five private office spaces.
- Clean, modern aesthetic with stylish finishes and welcoming common areas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $15.1k | $11.04 |
| − Vacancy | −$649 | −$0.47 |
| EGI | $14.5k | $10.57 |
| − OpEx | −$3.6k | −$2.64 |
| NOI | $10.8k | $7.92 |
1,368 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$154.9K
$135.5K – $180.7K
NOI $10,840 @ 7.0% cap · market cap 6.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$206.5K
$180.7K – $240.9K
NOI $14,453 @ 7.0% cap · market cap 8.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Office Units
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FAQs
What type of property is this?
Office units - Modernly renovated office unit offers a kitchenette, flexible office layout, and a backyard area that can expand parking options.
Where is this office units located?
The property is located at 2240 N Grant Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $164,999.
What are key features of this property?
This property features: Renovated 1,368 sq ft commercial space suitable for various small businesses.; Potential for up to five private office spaces.; Clean, modern aesthetic with stylish finishes and welcoming common areas.
