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    1255 Chestnut Expy Springfield, MO 65802

    For Lease
    $13 SF/Yr

    Modern Springfield Office Space For Lease

    Lot size:
    1,969 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 1,969 square foot retail/office space, located in Suite A at 1255 E. Chestnut Expressway, Springfield, MO 65802, presents a unique leasing opportunity. Built in 2020, this single-tenant space is situated on a 1.62-acre lot within a vibrant mixed-use development that includes 41 apartment units. The property boasts a desirable "open white box" layout, offering maximum flexibility for tenant build-out and customization. Its prime location at the northeast corner of Chestnut Expressway and National Avenue ensures high visibility and accessibility from two major thoroughfares. Benefit from excellent traffic flow and exposure to a substantial customer base. The property's COD 139 (Conditional Overlay District) zoning provides a range of potential uses. Furthermore, the strategic placement directly across from OTC's new Center for Advanced Manufacturing guarantees a steady stream of potential customers and employees. The APN is 1218309020. This is an unparalleled opportunity to establish a thriving business in a dynamic and rapidly growing area of Springfield. The building is a single structure.

    Property Features for 1255 Chestnut Expy

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,969 SF

    Building Details

    Year Built
    2020
    Buildings
    1

    Unit(s) available at that property

    Space
    Size
    1,969 SF
    Rate per SF
    $13

    HighLights

    • 1,969 SF retail/office space in Suite A, 1255 E. Chestnut Expressway, Springfield, MO 65802.
    • High visibility corner location at Chestnut Expressway & National Avenue.
    • Directly across from OTC's new Center for Advanced Manufacturing.
    • 2023 Average Daily Traffic Count: Chestnut Expressway - 24,521.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Y Gardens Apartments Apartment Complex

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Greene
    State
    Missouri
    Longitude
    -93.274412960424
    Latitude
    37.215229008413

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    FAQs

    What type of property is this?
    Office Property / Space - Modern Springfield Office Space For Lease
    Where is this office property / space located?
    The property is located at 1255 Chestnut Expy Springfield, MO.
    What is the lease rate?
    The lease rate is $13 SF/Yr.
    What are key features of this property?
    This property features: 1,969 SF retail/office space in Suite A, 1255 E. Chestnut Expressway, Springfield, MO 65802.; High visibility corner location at Chestnut Expressway & National Avenue.; Directly across from OTC's new Center for Advanced Manufacturing.
    Request Owner's contact information
    1255 Chestnut Expy Springfield, MO 65802
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    Springfield, MO 65802
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1255 Chestnut Expy Springfield, MO 65802
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