222 E WATER ST, Springfield, MO 65806
Two-level office space plus two upper loft apartments, supported by private parking and a 4-car garage.
- Added:
- Jun 22, 2026
- Days on Market:
- 15
- Last Refresh:
- Jun 25 at 9:51 pm
Property Features for 222 E WATER ST
General Information
- Standard status
- Active
- Size
- 8,825 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1885
Listing office Moreno Group Commercial Realty (417) 351-3131
Listing date Jun 22, 2026
Source Crexi
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All listing content including descriptions, pricing, images are the copyrighted material of Moreno Group Commercial Realty
HighLights
- Mixed‑use property built in 1885 in Downtown Springfield, MO, with two‑level office plus two upper loft apartments
- ±5,240 SF office space across two levels with five executive offices, large conference room, and expansive open workspace
- Office includes two kitchenettes and abundant natural light, with exposed ceilings for a distinctive interior look
- Includes a large private parking lot and a 4‑car garage for on‑site parking convenience
- Center City zoning supports income‑producing residential units, adding rental income potential alongside office use
Overview
The property is located in Downtown Springfield, Missouri within the Jordan Creek redevelopment corridor. The listing notes a Center City zoning designation supporting income-producing residential units. On-site parking is a key convenience feature, with a large private parking lot and an attached 4-car garage.
For owner-users, the office layout can accommodate both individual workstations and collaborative meetings, while the adjoining apartment units provide the opportunity to offset operating costs through rental income. For investors, the building’s mixed-use structure combines commercial office space with income-producing residential units under the stated zoning framework. The property is presented as an owner-user and investment opportunity, with tenants currently in place and requests to not disturb them; tours are available by contacting the listing agent for details.
Local Financial Insights For Multifamily LT 5
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 | $121.8k | $13.80 |
| − Vacancy | −$7.5k | −$0.85 |
| EGI | $114.3k | $12.95 |
| − OpEx | −$34.3k | −$3.88 |
| NOI | $80.0k | $9.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Springfield
- County
- Greene
- State
- Missouri
- Longitude
- -93.2918456
- Latitude
- 37.2106489
