Four-Story Office Building For Sale

3253 E Chestnut Expressway, Springfield, MO 65802

View on Map

For Sale

$22,500,000

162,312 SF office building with many amenities.

Type:Office

Property size:

162,312 SF

Lot size:

7.84 Acres

Price / SF:

$138/SF

HighLights

High average occupancy rate of 95% over the last 3 years.
Strategic location at the interchange of Chestnut Expressway and U.S. Highway 65, providing excellent access to the Springfield Business District and surrounding areas.
Significant and ongoing capital improvements by an onsite ownership group.
Diverse tenant mix including well‑known regional and national companies.
On‑site amenities including a restaurant/cafe, fitness center with showers, and shared training/meeting room.
Ample parking with 600 +/- spaces.

We can help!

Listing Contact

Lee McLean III, SIOR, CCIM

For Sale

$22,500,000

162,312 SF office building with many amenities.

Type:Office

Property size:

162,312 SF

Lot size:

7.84 Acres

Price / SF:

$138/SF

Added:: Mar 5, 2026
Days on Market:: 91
Last Refresh:: Apr 6 at 12:16 am

Property Features for 3253 E Chestnut Expressway

General Information

Standard status: Active
Size: 162,312 SF
Lot size: 7.84 Acres
Property subtype: Office

We can help!

Listing Contact

Lee McLean III, SIOR, CCIM

Listing agent Lee McLean III, SIOR, CCIM

Listing office SVN | Rankin Company, LLC

Listing date Mar 5, 2026

Source Svn

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of SVN | Rankin Company, LLC

HighLights

High average occupancy rate of 95% over the last 3 years.
Strategic location at the interchange of Chestnut Expressway and U.S. Highway 65, providing excellent access to the Springfield Business District and surrounding areas.
Significant and ongoing capital improvements by an onsite ownership group.
Diverse tenant mix including well‑known regional and national companies.
On‑site amenities including a restaurant/cafe, fitness center with showers, and shared training/meeting room.
Ample parking with 600 +/- spaces.

Overview

The Frisco Building, a 162,312 square foot, four-story office building in Springfield, Missouri, is available for sale. The property features many amenities and has undergone significant updates and infills in recent years. The current tenant mix includes well-known regional and national companies. In addition to standard units, the building includes a restaurant/cafe, a fitness center with showers, and a shared training/meeting room. The building has a rentable area of approximately 117,544 square feet and sits on a 7.84-acre lot with approximately 600 parking spaces. The property is currently 80% occupied, with a 3-year average occupancy of 95%. The office building is strategically located at the interchange of Chestnut Expressway and U.S. Highway 65, providing quick access to the Springfield Business District and the surrounding region. The property has been well-maintained by an onsite ownership group, with significant and ongoing capital improvements made regularly. The facility is located along U.S. Highway 65 on Chestnut Expressway, within a 15-minute drive of a population exceeding 150,000. This location offers immediate access to the central business district of Springfield, Missouri, including city and county offices and university campuses. Recent developments in the area include Costco, Menards, Whataburger, and Mr. Car Wash.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.79M	$11.04
− Vacancy	−$66.3k	−$0.41
EGI	$1.73M	$10.63
− OpEx	−$431.4k	−$2.66
NOI	$1.29M	$7.97

162,312 SF · lease $11.04/SF/yr · vacancy 3.70% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$18.49M

$16.18M – $21.57M (±1% cap)

NOI $1,294,217 @ 7.0% cap · market cap 5.75%

Second Best

Office B

$18.37M

$16.08M – $21.44M (±1% cap)

NOI $1,286,154 @ 7.0% cap · market cap 5.72%

Theoretical Best

Office A

$24.50M

$21.44M – $28.58M (±1% cap)

NOI $1,714,872 @ 7.0% cap · market cap 7.62%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Secure Insurance Group Insurance Agency The Alchemedia Project Marketing & Advertising Dairy Farmers of America Production Facility Scott Aaron Galligos, ... Pediatrician Infused Catering by ... Take-out & Catering

Suggested Use

Location Insight

Map
Local Demand

City: Springfield
County: Greene
State: Missouri
Longitude: -93.2281
Latitude: 37.2104

Nearby Similar for Sale

$690,000

2,700 SF

Professional Office Building in Springfield

Standalone office building suitable for medical, professional, or administrative uses.

1661 W Elfindale Street, Springfield, MO 65807

View Details
$699,000

2,150 SF

Updated Office on High-Traffic Street

Remodeled Class B office building on a busy commercial corridor.

2760 E Sunshine Street, Springfield, MO 65804

View Details
$625,000

Updated Office Building Near University

Two-story commercial office building with income potential near Evangel.

1331 N Stewart Avenue, Springfield, MO 65802

View Details
$1,600,000

Fully Leased Office Complex

All brick office complex with excellent visibility and stable occupancy.

600 W Republic Road, Springfield, MO 65807

View Details
$1,850,000

9,520 SF

Commercial Facility on 5.18 Acres

Commercial facility with secured yard and expansion potential.

1468 S State Highway T, Springfield, MO 65802

View Details
$130,000

1,600 SF

Versatile Office Building with Parking

Well-maintained office building with flexible interior layout, lobby reception window, and ample front parking for clients.

426 S Scenic Avenue, Springfield, MO 65802

View Details
$250,000

2,874 SF

Former Restaurant on Historic Walnut

Former restaurant near Downtown Springfield and Missouri State University.

1129 E Walnut Street, Springfield, MO 65806

View Details
$325,000

9,290 SF

Springfield Warehouse with Crossdock

9,290 SF warehouse in Springfield's industrial corridor.

1245 E Commercial Street, Springfield, MO 65803

View Details
$164,999

1,368 SF

Renovated Commercial Space in Springfield

Versatile commercial space ideal for various small business ventures.

2240 N Grant Avenue, Springfield, MO 65803

View Details
$2,000

2,920 SF

Versatile Commercial Property on Kearney

Two buildings, high visibility, ideal for office, retail, or warehouse.

419 W Kearney Street, Springfield, MO 65803

View Details
$5,000,000

Commercial Property in Active Corridor

High-visibility commercial property in Springfield's active commercial corridor.

3340 E Cherry Street, Springfield, MO 65802

View Details
$595,000

Stand-Alone Office Building For Sale

Office building with prime frontage and high visibility in Springfield.

1024 W Battlefield Road, Springfield, MO 65807

View Details

For sale
Office buildings
MO
Springfield
65802
3253 E Chestnut Expressway

What type of property is this?

Office building - 162,312 SF office building with many amenities.

Where is this office building located?

The property is located at 3253 E Chestnut Expressway Springfield, MO.

What is the asking price?

The asking price for this property is $22,500,000.

What are key features of this property?

This property features: High average occupancy rate of 95% over the last 3 years.; Strategic location at the interchange of Chestnut Expressway and U.S. Highway 65, providing excellent access to the Springfield Business District and surrounding areas.; Significant and ongoing capital improvements by an onsite ownership group.