All-Brick Office
605 N Boonville Avenue, Springfield, MO 65806
For Sale
$899,000
Commercial Sale, Springfield, MO
Property Size6,567 SF
Lot Size0.55 Acres
Price / SF$136.90
Days on Market539
Property Features for 605 N Boonville Avenue
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Directions
Standard status
APN
Lot size
Additional Details
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Building Details
Year built
Buildings
Listing Agency:
Murney Associates - Primrose
Listed By:
John E Schnoebelen · License MO #2019014029
(417) 823-2300
Added: May 21, 2025
Changed: Oct 25
Last Checked: Nov 10 at 12:06AM
MLS# 60295156
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.
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Investment Insights
Based on property information with market context.
Constructed in 1947, this 6,567-square-foot all-brick office building occupies a .55-acre lot in downtown Springfield. The property was originally developed for KGBX Radio and features a distinctive design inspired by a Wurlitzer jukebox. Its layout supports either a single occupant or multiple office users, with Center City (CC) zoning also allowing retail according to the property information.
Parking includes 10 private off-street spaces, plus 10+ public on-street spaces. The building has convenient access to Chestnut Expressway and is walkable to the courthouse and Park Central Square. Nearby destinations include Jordan Valley Innovation Center, Brick City, Government Plaza, and the Downtown Springfield Association. The property also has a documented connection to notable visitors including Elvis Presley and Ronald Reagan.
Parking includes 10 private off-street spaces, plus 10+ public on-street spaces. The building has convenient access to Chestnut Expressway and is walkable to the courthouse and Park Central Square. Nearby destinations include Jordan Valley Innovation Center, Brick City, Government Plaza, and the Downtown Springfield Association. The property also has a documented connection to notable visitors including Elvis Presley and Ronald Reagan.
Key Highlights
- 6,567 SF all‑brick office building on a .55‑acre lot
- 1947 construction with distinctive Wurlitzer jukebox‑inspired architecture
- Center City (CC) zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,037
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,040,740
$1.0M
Cap Rate 7%
$743,386
$743.4K
Cap Rate 9%
$578,189
$578.2K
Market Conditions
NOI Build-Up for 6,567 SF
Gross rent
$72.5K $11.04/SF
− Vacancy
−$3.1K −$0.47/SF
EGI
$69.4K $10.57/SF
− OpEx
−$17.3K −$2.64/SF
NOI
$52.0K $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%
$1,040,740
Cap Rate 7%
$743,386
Cap Rate 9%
$578,189
Alternative Uses
Best Use
Office B
$743.4K
$650.5K – $867.3K
NOI $52,037 @ 7.0% cap · market cap 5.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$991.2K
$867.3K – $1.16M
NOI $69,382 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,258
Businesses Nearby
Explore this area
Business Placement
Demographics for 65806, MO
12,529
Population
8,049
Households
1.6
Avg Household Size
27
Median Age
22%
College-Educated
87%
High-School Grad
2.1 sq mi
ZIP Area
5,966
Density / Sq Mi
$28,450
Median Household Income
$21,090
Median Earnings
$840
Median Rent
$85,700
Median Home Value
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Market
Average Price Trend$/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 - Historic downtown property offers flexible single- or multi-tenant configuration with private parking and CC zoning.
Where is this office building located?
The property is located at 605 N Boonville Avenue Springfield, MO.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 6,567 SF all‑brick office building on a .55‑acre lot; 1947 construction with distinctive Wurlitzer jukebox‑inspired architecture; Center City (CC) zoning
