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A real estate software firm is planning infill work at the former Hoover Music Co. store at 440 S. Jefferson Ave.
SBJ photo by Geoff Pickle
A real estate software firm is planning infill work at the former Hoover Music Co. store at 440 S. Jefferson Ave.

Software firm takes over Hoover Music building

Posted online

The former Hoover Music Co. building has new owners.

Mike Oddo, founder of real estate software firm Market Maker, says he’s planning to move his company from its 2633 W. College Road office to the former music store by the end of the year.

Market Maker, which also has an office in Frisco, Texas, provides a software service that generates leads for real estate agents throughout the United States and Canada, Oddo said.

Oddo purchased the 440 S. Jefferson Ave. building in February, according to Greene County assessor records, one month after the century-old music store shuttered.

A deed of trust filed with the county show Oddo’s Continuity Investments LLC borrowed over $746,600 from O’Bannon Banking Co. for the building purchase.

“We were bursting at the seams in that office space we’re in, and we anticipate a big hiring push,” he said.

Oddo owns the College Road office and said he’s unsure what he’ll do with the building.

Originally from Lake of the Ozarks, where he practiced as a real estate agent, Oddo moved to Springfield when beginning the company in 2012 because of a lack of computer science expertise in his hometown. He said Market Maker, aka MoneyTreeLeadSystems LLC, now has 25 employees.

Oddo also is the host of The Real Estate Rainmakers podcast and has a YouTube channel with over 200 videos of lead generation and marketing tips. The software company ranked No. 2,275 on the 2018 Inc. 5000 list, with 2017 revenue of $3 million and three-year revenue growth of 193%.

Infill work is expected to begin at the downtown building in the coming months to create an open-concept office space, Oddo said, adding he was unsure of estimated infill costs. City building permits cite an estimated project value of $250,000. Architecture firm Godwin & Associates Architects & Engineers Inc. is hired on to the project.

Oddo said he plans to keep the history of the building intact, adding he used to drive down from the Lake of the Ozarks to purchase saxophone reeds from Hoover Music Co. when he was younger.

“We’re going to try to keep the building looking a bit older. There’s a lot of charm and history, and a lot of nostalgia from the area for that space,” he said.

Hoover Music Co. closed in January as it was entering its 108th year in business. The store sold instruments and sheet music, and it also provided music lessons and repairs. Store officials cited the changing nature of retail for the store closure, according to past Springfield Business Journal reporting.

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