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1774 South Grant Ave 1774 S Grant Ave 5,248 SF 100% Leased Retail Building Springfield, MO 65807 $963,185 CAD ($183.53 CAD/SF)
INVESTMENT HIGHLIGHTS
- 100% Occupied
- Ability to Adjust Tenant Mix
- Upside in Rents / Current Rent Escalations
EXECUTIVE SUMMARY
Now available, is this newly renovated, 100% occupied, multi-tenant building near the intersection of recently improved Grant Avenue & heavily traveled Sunshine Street.
The trade area features many of the household-name national retailers & traffic drivers (Chick Fil-A, McDonald's, Taco Bell, Starbucks, etc.) including Bass Pro Shops headquarters / Wonders of Wildlife Museum just across the street.
The property has been a beneficiary of the new Grant Avenue Parkway project which is designed to connect downtown Springfield with Sunshine Street through improved road, bike path, and sidewalk infrastructure. This property in particular has 2 new curb cuts and 140' +/- of frontage along GAP. A City of Springfield traffic study has this area of Sunshine at 36,387 AADT.
The building, in years past, has been divided in as many as 7 units all with their own private front door - it is currently allocated as 4 spaces. Extensive interior renovations have been completed.
Multiple rent bumps presently negotiated, personal guaranties, landlord favorable lease terms.
Zoned Highway Commercial.
The trade area features many of the household-name national retailers & traffic drivers (Chick Fil-A, McDonald's, Taco Bell, Starbucks, etc.) including Bass Pro Shops headquarters / Wonders of Wildlife Museum just across the street.
The property has been a beneficiary of the new Grant Avenue Parkway project which is designed to connect downtown Springfield with Sunshine Street through improved road, bike path, and sidewalk infrastructure. This property in particular has 2 new curb cuts and 140' +/- of frontage along GAP. A City of Springfield traffic study has this area of Sunshine at 36,387 AADT.
The building, in years past, has been divided in as many as 7 units all with their own private front door - it is currently allocated as 4 spaces. Extensive interior renovations have been completed.
Multiple rent bumps presently negotiated, personal guaranties, landlord favorable lease terms.
Zoned Highway Commercial.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$102,885
|
$19.60
|
| Other Income |
$6,219
|
$1.18
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$109,104
|
$20.79
|
| Taxes |
$14,913
|
$2.84
|
| Operating Expenses |
$13,923
|
$2.65
|
| Total Expenses |
$28,836
|
$5.49
|
| Net Operating Income |
$80,268
|
$15.30
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $102,885 |
| Annual Per SF | $19.60 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,219 |
| Annual Per SF | $1.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $109,104 |
| Annual Per SF | $20.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $14,913 |
| Annual Per SF | $2.84 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $13,923 |
| Annual Per SF | $2.65 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $28,836 |
| Annual Per SF | $5.49 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $80,268 |
| Annual Per SF | $15.30 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
5,248 SF
Building Class
C
Year Built/Renovated
1971/2024
Price
$963,185 CAD
Price Per SF
$183.53 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
0.52 AC
Zoning
HC - Highway Commercial
Parking
51 Spaces (9.72 Spaces per 1,000 SF Leased)
Frontage
140’ on S Grant Ave
AMENITIES
- Pylon Sign
- Signage
Walk Score®
Very Walkable (73)
Bike Score®
Very Bikeable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 13-26-419-010 | Total Assessment | $277,938 CAD |
| Land Assessment | $121,518 CAD | Annual Taxes | $14,913 CAD ($2.84 CAD/SF) |
| Improvements Assessment | $156,420 CAD | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
13-26-419-010
Land Assessment
$121,518 CAD
Improvements Assessment
$156,420 CAD
Total Assessment
$277,938 CAD
Annual Taxes
$14,913 CAD ($2.84 CAD/SF)
Tax Year
2025
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1774 South Grant Ave | 1774 S Grant Ave
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