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Retail/Office Space in Mixed-Use Development
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1255 E Chestnut Expressway, Springfield, MO 65802

Retail/office space in mixed-use development with high visibility.

Space Size1,969 SF
Days on Market857

Property Features for 1255 E Chestnut Expressway

General Information

Standard status Active
Size 1,969 SF
Property subtype Retail, Office
Lease Type Modified Gross

Building Details

Year Built 2020
Tenancy Single

Spaces For Lease

at 1255 E Chestnut Expressway Contact us

Available Space

Size
1,969 SF
Type
Office, Retail
Lease Type
Modified Gross
Availability
Active
Contact us
Listing Agency: SVN | Rankin Company, LLC
Listed By: Jeff Childs SIOR CCIM · License #MO 1999029641
Source: Crexi
Added: Apr 18, 2024 Changed: Aug 19 Last Checked: Aug 20 at 9:44PM

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 SVN | Rankin Company, LLC

Investment Insights

Based on property information with market context.

Suite A is a retail/office space situated within a mixed-use development that includes 41 apartment units. The space is presented as an open white box, offering flexibility for customization. The property benefits from its location on the northeast corner of the intersection of Chestnut Expressway and National, which experiences high traffic volume. This retail/office space provides visibility and accessibility from both Chestnut Expressway and National Avenue. It is located directly across the street from the OTC’s Center For Advanced Manufacturing.

Key Highlights

  • High‑traffic corner location at Chestnut Expressway and National.
  • Great visibility and access from two major roads.
  • Directly across the street from OTC’s Center For Advanced Manufacturing.

Property Analytics

Current Use

Y Gardens Apartments Apartment Complex

Suggested Use

Top Pick Skin Care Clinic Storage Facility Furniture & Home Goods Nail Salon Barber Shop Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.95 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

780
Businesses Nearby

Demographics for 65802, MO

48,233
Population
20,199
Households
2.4
Avg Household Size
35
Median Age
26%
College-Educated
89%
High-School Grad
61.4 sq mi
ZIP Area
786
Density / Sq Mi
$51,080
Median Household Income
$34,298
Median Earnings
$900
Median Rent
$162,400
Median Home Value

Market

Lease Benchmarks for Springfield, MO

$14.08 /SF/Yr
Avg Asking Price
$8–$26 /SF/Yr
Price Range
11,605 SF
Avg Space Size

This space is priced 8% below the average of $14.08 /SF/Yr.

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Retail/office space in mixed-use development with high visibility.
Where is this retail space located?
The property is located at 1255 E Chestnut Expressway Springfield, MO.
What is the lease rate?
The lease rate is $13 SF/Yr.
What are key features of this property?
This property features: High‑traffic corner location at Chestnut Expressway and National.; Great visibility and access from two major roads.; Directly across the street from OTC’s Center For Advanced Manufacturing.
(417) 860-5447 Call to check price and availability
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