Office Building with Private
2240 N Grant Avenue, Springfield, MO 65803
For Sale
$164,999
INC zoning applies, and a Conditional Use Permit is required for the intended business use.
Property Size1,692 SF
Price / SF$97.52
Days on Market187
Property Features for 2240 N Grant Avenue
General Information
Standard status
Size
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Property Use
Taxes and HOA fees
Annual Taxes
Amenities
attractive finishes
common areas
kitchenette
new HVAC system
backyard space
Building Details
Building Size
Year Built
Listing Agency:
Jones - Lassley Realty, Inc
(417) 581-6213
Listed By:
Echo Combs · License #2022010364
(417) 545-1981
Source:
Grassmuckrealty
Added: May 7
Changed: Nov 9
Last Checked: Nov 9 at 2:00AM
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 Jones - Lassley Realty, Inc
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Investment Insights
Based on property information with market context.
At 2240 N Grant Avenue in Springfield, this office property was built in 1953 and has a renovated interior with a flexible layout for as many as five private offices. Common areas and a kitchenette add shared workspace, and the HVAC system was installed in 2025.
The property includes backyard space that could accommodate additional parking or outdoor use. INC zoning applies, and a Conditional Use Permit is required for the intended business use. The seller is willing to help buyers through the permit application process.
The property includes backyard space that could accommodate additional parking or outdoor use. INC zoning applies, and a Conditional Use Permit is required for the intended business use. The seller is willing to help buyers through the permit application process.
Key Highlights
- Up to five private offices in a flexible floor plan
- HVAC system installed in 2025
- Kitchenette and shared common areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,407
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,140
$268.1K
Cap Rate 7%
$191,529
$191.5K
Cap Rate 9%
$148,967
$149.0K
Market Conditions
NOI Build-Up for 1,692 SF
Gross rent
$18.7K $11.04/SF
− Vacancy
−$803 −$0.47/SF
EGI
$17.9K $10.57/SF
− OpEx
−$4.5K −$2.64/SF
NOI
$13.4K $7.92/SF
Area
Springfield, MO
Vacancy
4.30%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$268,140
Cap Rate 7%
$191,529
Cap Rate 9%
$148,967
Alternative Uses
Best Use
Office B
$191.5K
$167.6K – $223.5K
NOI $13,407 @ 7.0% cap · market cap 8.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$255.4K
$223.5K – $297.9K
NOI $17,876 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
318
Businesses Nearby
Explore this area
Business Placement
Demographics for 65803, MO
42,007
Population
19,659
Households
2.1
Avg Household Size
38
Median Age
22%
College-Educated
91%
High-School Grad
93.4 sq mi
ZIP Area
450
Density / Sq Mi
$46,539
Median Household Income
$33,537
Median Earnings
$890
Median Rent
$158,200
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Springfield, MO
Properties on Market for Office buildings in Springfield
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - INC zoning applies, and a Conditional Use Permit is required for the intended business use.
Where is this office building 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: Up to five private offices in a flexible floor plan; HVAC system installed in 2025; Kitchenette and shared common areas
