Versatile Retail-Office
2122 South Glenstone Avenue Springfield, MO 65804
2122 South Glenstone Avenue, Springfield, MO, 65804
Contact for pricing
For Sale
Contact for pricing
Flexible retail/office building with open showroom space, workshop area, and parking in front and rear.
Property Size8,364 SF
Lot Size0.48 Acres
Price / SF$113.58
Days on Market92
Property Features for 2122 South Glenstone Avenue
General Information
- Standard status
- Active
- Size
- 8,364 SF
- Lot size
- 0.48 Acres
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1958
Listing agency
Graddy Real Estate
(417) 883-4900
Listed by
Adam Graddy · License #MO 2004014961
Source
Crexi
Added: Apr 21 Updated: Jul 21 at 5:59PM Checked: Jul 21 at 5:59PM
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 Graddy Real Estate
Investment Insights
Based on property information with market context.
This versatile retail building offers approximately 8,364 square feet of flexible space that can support retail or office use. The main level includes expansive showroom space, a kitchen area, and a bathroom, and the layout features a central focal point with a unique fireplace sitting area. Additional functional space includes a dedicated workshop area, while the basement provides abundant storage, a second bathroom, and extra workspace.
The property is positioned along South Glenstone Avenue in a high-traffic commercial corridor. It includes ample parking in both the front and rear and has a convenient bay door for basement access, which can support deliveries, equipment, or inventory. The building is adjacent to a Maverik gas station and near Red Lobster and The Carpet Shoppe, surrounded by established retail and dining businesses.
For operations requiring both customer-facing space and back-of-house utility, the combination of showroom, kitchen, workshop, and basement storage with a loading-style bay door supports a range of commercial configurations.
The property is positioned along South Glenstone Avenue in a high-traffic commercial corridor. It includes ample parking in both the front and rear and has a convenient bay door for basement access, which can support deliveries, equipment, or inventory. The building is adjacent to a Maverik gas station and near Red Lobster and The Carpet Shoppe, surrounded by established retail and dining businesses.
For operations requiring both customer-facing space and back-of-house utility, the combination of showroom, kitchen, workshop, and basement storage with a loading-style bay door supports a range of commercial configurations.
Key Highlights
- High‑visibility retail building at 2122 S Glenstone Ave on approx. 0.48 acres in Springfield
- Around 8,364 SF of flexible space for retail, office, or redevelopment; previously operated as a jewelry store
- Main level includes expansive showroom/open floor plan plus kitchen area and a bathroom
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 | $92.3k | $11.04 |
| − Vacancy | −$4.0k | −$0.47 |
| EGI | $88.4k | $10.57 |
| − OpEx | −$22.1k | −$2.64 |
| NOI | $66.3k | $7.92 |
8,364 SF · lease $11.04/SF/yr · vacancy 4.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$946.8K
$828.5K – $1.10M
NOI $66,276 @ 7.0% cap · market cap 6.98%
Second Best
Retail
$889.2K
$778.1K – $1.04M
NOI $62,245 @ 7.0% cap · market cap 6.55%
Theoretical Best
Office A
$1.26M
$1.10M – $1.47M
NOI $88,368 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Flexible retail/office building with open showroom space, workshop area, and parking in front and rear.
Where is this retail space located?
The property is located at 2122 South Glenstone Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: High‑visibility retail building at 2122 S Glenstone Ave on approx. 0.48 acres in Springfield; Around 8,364 SF of flexible space for retail, office, or redevelopment; previously operated as a jewelry store; Main level includes expansive showroom/open floor plan plus kitchen area and a bathroom
