Exceptional 40+/- Acre Development Opportunity Near Springfield! This unique property includes two 3-bedroom homes, providing immediate residential or rental use while future development plans are explored. The real value lies in the land and its strategic location for potential annexation into the City of Springfield and future industrial or manufacturing development.Adding to the development potential, the property immediately to the south has recently been annexed into the City of Springfield and rezoned for Heavy Manufacturing. The property also offers approximately 1/4 mile of paved road frontage along Farm Road 123. Public water lines run along the Farm Road 123 frontage, and public sewer has already been extended to the corner of the property, providing valuable infrastructure access for future development.With approximately 40 acres, substantial paved road frontage, nearby industrial development, and utilities in close proximity, this property presents a rare opportunity for investors, developers, or businesses seeking a substantial tract near Springfield's expanding industrial footprint.Buyer and/or buyer's agent to perform all independent due diligence regarding zoning, annexation, utilities, permitted uses, and development potential.
Active
$1,600,000
2904 N Farm Road 123, Springfield, MO 65803
3beds
1,795sqft
Single Family Residence
Built in 1997
40 Acres Lot
$1,487,700 Zestimate®
$891/sqft
$-- HOA
What's special
- 53 days
- 119
- 0
Zillow last checked:
Listing updated:
Listed by:
Matthew Aubuchon 314-920-5349,
2 Leo's Real Estate LLC
Source: SOMOMLS as distributed by MLS GRID,MLS#: 60331407
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Rooms
- Room types: Master Bedroom, Family Room
Heating
- Central, Propane
Cooling
- Central Air
Appliances
- Included: Electric Cooktop, Exhaust Fan, Disposal, Dishwasher
- Laundry: In Garage
Features
- Has basement: No
- Attic: Pull Down Stairs
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total structure area: 1,795
- Total interior livable area: 1,795 sqft
- Finished area above ground: 1,795
- Finished area below ground: 0
Property
Parking
- Total spaces: 1
- Parking features: Garage - Attached
- Attached garage spaces: 1
Features
- Levels: One
- Stories: 1
- Fencing: Barbed Wire
- Waterfront features: Pond
Lot
- Size: 40 Acres
- Features: Split Possible, Level, Horses Allowed, Pasture, Paved, Acreage
Details
- Parcel number: 1305200034
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Condition
- Year built: 1997
Utilities & green energy
- Sewer: Septic Tank
- Water: Private
Community & HOA
Community
- Subdivision: Greene-Not in List
Location
- Region: Springfield
Financial & listing details
- Price per square foot: $891/sqft
- Tax assessed value: $339,600
- Annual tax amount: $3,605
- Date on market: 8/13/2026
Estimated market value
$1,487,700
$1.41M - $1.56M
$1,836/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/13/2026 | Listed for sale | $1,600,000$891/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,606 +9.9% | $63,830 +11.9% |
| 2024 | $3,281 +0.3% | $57,040 |
| 2023 | $3,270 +14.5% | $57,040 +11.7% |
| 2022 | $2,857 +0% | $51,060 |
| 2021 | $2,856 -1.5% | $51,060 +0.3% |
| 2020 | $2,900 +13.2% | $50,920 +13.8% |
| 2018 | $2,561 +1.4% | $44,750 +0% |
| 2017 | $2,527 | $44,730 |
| 2016 | $2,527 | $44,730 |
| 2015 | $2,527 +0.8% | $44,730 +0.1% |
| 2014 | $2,508 | $44,680 -3.5% |
| 2012 | -- | $46,320 |
| 2011 | -- | $46,320 +13.4% |
| 2010 | -- | $40,850 +36.3% |
| 2006 | $1,460 | $29,970 |
| 2005 | $1,460 +7% | $29,970 +2.4% |
| 2004 | $1,364 +12.4% | $29,280 |
| 2003 | $1,213 +2.5% | $29,280 |
| 2002 | $1,183 +29.5% | $29,280 |
| 2001 | $914 | $29,280 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 65803
Nearby schools
Schools provided by the listing agent
- Elementary: Central
- Middle: Willard
- High: Willard
Source: SOMOMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.




