Office Building with
For Sale
$164,999
2240 N Grant Avenue, Springfield, MO 65803
Commercial Sale, Springfield, MO
Property Size1,368 SF
Lot Size0.10 Acres
Price / SF$120.61
Days on Market164
Property Features for 2240 N Grant Avenue
General Information
Property type
Commercial Sale
Property subtype
Office
Zoning
INC
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1
Subdivision
Fairview
Directions
From US Hwy 65, take the Kearney Street exit and head west. Continue approximately 2.5 miles, then turn left (south) onto Grant Avenue. Property will be on the left.
Standard status
Active
APN
1311114014
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
Legal Description
FAIRVIEW ADD W 22 FT E 152 FT LOT 3 & E 56 FT W 75 FT LOT 4 BLK C
Utilities
Utilities
Water Available
Cooling system
Central Air
Amenities
common areas
kitchenette
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
Changed: Oct 2
Last Checked: Oct 17 at 5:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 2240 N Grant Avenue in Springfield, this 1,368-square-foot office building has an updated interior with common areas, a kitchenette, and two bathrooms. The layout could support as many as five private offices. Central air serves the building, and HVAC was installed in 2025.
The property occupies a 0.1-acre lot and is zoned INC. The backyard offers potential for additional parking or outdoor use.
The property occupies a 0.1-acre lot and is zoned INC. The backyard offers potential for additional parking or outdoor use.
Key Highlights
- 1,368‑square‑foot office building on a 0.1‑acre lot
- Interior layout could accommodate up to five private offices
- Kitchenette, common areas, and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,840
Cap Rate
6.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$216,800
$216.8K
Cap Rate 7%
$154,857
$154.9K
Cap Rate 9%
$120,444
$120.4K
Market Conditions
NOI Build-Up for 1,368 SF
Gross rent
$15.1K $11.04/SF
− Vacancy
−$649 −$0.47/SF
EGI
$14.5K $10.57/SF
− OpEx
−$3.6K −$2.64/SF
NOI
$10.8K $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%
$216,800
Cap Rate 7%
$154,857
Cap Rate 9%
$120,444
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 authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - An updated interior includes shared areas and a layout that could accommodate up to five private offices.
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: 1,368‑square‑foot office building on a 0.1‑acre lot; Interior layout could accommodate up to five private offices; Kitchenette, common areas, and two bathrooms
