NW Springfield Shops For
For Sale
Contact for pricing
701 N Canton Ave, Springfield, MO
2,800 SF shops with lift and paint booth.
Property Size2,800 SF
Lot Size0.58 Acres
Price / SF$80.36
Days on Market338
Property Features for 701 N Canton Ave
General Information
Standard status
Active
Size
2,800 SF
Lot size
0.58 Acres
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Zone 1
Listing Agency:
Moreno Group Commercial Realty
Listed By:
Tyler Ray · License ##2018016609
(417) 351-3131
Source:
Moodyscre
Added: Nov 25, 2025
Changed: Oct 25
Last Checked: Oct 28 at 12:36PM
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 Moreno Group Commercial Realty
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Investment Insights
Based on property information with market context.
Located in Northwest Springfield, Missouri, this property features approximately 2,800 square feet of shop space. The site includes two 30' x 40' shops, one of which contains a 2-post floor lift and an operational paint booth. Additional features include a small secured fenced storage yard, living quarters, a full restroom with shower, washer and dryer hookups, and a kitchenette. The property is situated off West Chestnut Expressway, offering convenient access to Interstate-44. Nearby businesses include Ozark Mountain Steel, Eagle Tire Company, Plaza Mexico, Casey's General Store, Dollar General, Pilot Flying J, and Shell.
Key Highlights
- Two 30' x 40' shops, including a 2‑post floor lift and operational paint booth.
- Convenient location off W Chestnut Expressway with close Interstate‑44 access.
- Living quarters with full restroom/shower, washer/dryer hookup, and kitchenette.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,980
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,600
$179.6K
Cap Rate 7%
$128,286
$128.3K
Cap Rate 9%
$99,778
$99.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$13.1K $4.68/SF
− Vacancy
−$275 −$0.10/SF
EGI
$12.8K $4.58/SF
− OpEx
−$3.8K −$1.37/SF
NOI
$9.0K $3.21/SF
Area
Springfield, MO
Vacancy
2.10%
Lease Rate
$4.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$179,600
Cap Rate 7%
$128,286
Cap Rate 9%
$99,778
Alternative Uses
Best Use
Retail
$297.7K
$260.5K – $347.3K
NOI $20,838 @ 7.0% cap · market cap 9.26%
Second Best
Industrial
$128.3K
$112.3K – $149.7K
NOI $8,980 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$422.6K
$369.8K – $493.1K
NOI $29,583 @ 7.0% cap · market cap 13.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - 2,800 SF shops with lift and paint booth.
Where is this flex space located?
The property is located at 701 N Canton Ave Springfield, MO.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two 30' x 40' shops, including a 2‑post floor lift and operational paint booth.; Convenient location off W Chestnut Expressway with close Interstate‑44 access.; Living quarters with full restroom/shower, washer/dryer hookup, and kitchenette.
