www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
29097664
29097667

3253 E Chestnut Expressway, Springfield, MO 65802

SVN | Rankin Company, LLC
Listed by SVN | Rankin Company, LLC
$22,500,000
149 days on market
Updated 23 days ago
Opportunity zone

3253 E Chestnut Expressway

Details
Property Type Office
Sub Type Traditional Office
Square Footage 162,312
Units 15
Occupancy 80%
Tenancy Multi
Price per SqFt $139
Year Renovated 2021
Stories 4
Acreage 7.840
Parking Spaces 600 spaces
Parking Per SqFt 3.70

Office | 162,312 SqFt

Marketing description

SVN is pleased to offer the Frisco Building, a 162,312 SF office building in Springfield, Missouri for sale. This property features 4 floors, many amenities, significant updates and infills over the last several years. Current tenant mix includes well known regional and national companies. In addition to standard units, the building includes a restaurant/cafe, fitness center with showers, shared training/meeting room and more. This office building is strategically located at the interchange of Chestnut Expressway and U.S. Highway 65 giving quick access to the Springfield Business District as well as around the region. The property has been very well maintained by an onsite ownership group with significant and ongoing capital improvements on a regular basis. Please contact listing agent for NDA and financial information.

This landmark facility is strategically located right along U.S. Highway 65 on Chestnut Expressway with over 150,000 population within a 15-minute drive. This location not only gives great access around the area but also immediate access to the central business district of Springfield, MO down Chestnut Expressway which includes city and county offices, university campuses and much more. This intersection brings significant recent developments including Costco, Menards, Whataburger, Mr. Car Wash and many others in the last few years.

Lee McLean III, SIOR, CCIM serves as a Senior Advisor for SVN Commercial in the Springfield Missouri metro area. Lee holds the SIOR & CCIM designation, a Brokers-Associate real estate license and consistently ranks in the top 3% of SVN International.

Investment highlights

  • Property has strong recent leasing history of office units.

  • 20,093 SF or more available for buyer's occupancy or to lease out.

  • Additional revenue streams including tower leases, parking lot kiosk, and telecommunication center.

  • Exterior remodel in 2021 and upgrades to water heater and chillers over the past 2 years.

  • Strong mix of regional and national tenants with staggered lease dates.

  • Annual increases in all leases to hedge against increasing costs.

  • Property has had strong, local ownership and management by the same company for over 25 years.

  • 3-Year Avg Occ. 95%

Listing Contacts

SVN | Rankin Company, LLC
Listed by SVN | Rankin Company, LLC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591