Industrial-Style Mixed-Use
124 S Joplin Avenue Joplin, MO 64801
For Sale
$3,200,000
MULTI_FAMILY - Other - Joplin, MO
Property Size36,000 SF
Lot Size0.55 Acres
Price / SF$88.89
Days on Market43
Property Features for 124 S Joplin Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Apartment
- Bathrooms
- 20
- Rooms
- Bathroom 3, Bathroom 17, Bathroom 12, Bathroom 13, Bathroom 16, Bathroom 2, Bathroom 5, Bathroom 20, Bathroom 19, Bathroom 1, Bathroom 18, Bathroom 10, Bathroom 15, Bathroom 7, Bathroom 8, Bathroom 11, Bathroom 6, Bathroom 4, Bathroom 14, Bathroom 9
- Standard status
- Active
- Size
- 36,000 SF
- Lot size
- 0.55 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10272
Utilities
- Heating system
- Natural Gas, Central
- Cooling system
- Ceiling Fan(s), Central Air
Building Details
- Year built
- 1906
- Floors in Building
- 2
- Number of units
- 17
- Flooring type
- Wood, Concrete
- Architectural style
- Other
Listing Agency:
CHARLES BURT REALTORS
(417) 782-1234
Listed By:
Summer George · License #2010011832
(417) 388-4132
Added: Jun 11
Last Checked: Jul 23 at 11:06PM
MLS# 263215
Copyright © 2026 Ozark Gateway Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A 100-year-old warehouse has been converted into 14 industrial-style lofts and retail space, with two connected addresses included in the offering. 124 S Joplin Avenue includes the fully leased lofts and a main-level retail suite totaling 6,000 square feet, finished with an overhead garage door with glass, fireplace, two bathrooms, dressing rooms, and a separate office with private bathroom. An open-air courtyard/delivery room connects to additional 6,000 square feet of unfinished space that can be leased separately, with roll-up doors and wood slat features.
Also included is 110 S Joplin Avenue, a 12,000-square-foot building that is currently leased. The lofts and commercial areas are described as within walking distance to dining, bars, a brewery, and shopping downtown, with a short drive to KCU-Joplin and MSSU campuses. The property is supported by secured entry points for tenants, an interior parking garage with 16 secured spaces, and security cameras located both around the exterior and inside the parking garage.
The building incorporates a sprinkler system and is described as completed up to code and approved by the city. For commercial use, the listing notes a flexible open-concept layout that can support a range of concepts such as retail, restaurant/dining, offices, or a gym, with the retail space already fully finished and the adjacent unfinished area available for future buildout or leasing.
Also included is 110 S Joplin Avenue, a 12,000-square-foot building that is currently leased. The lofts and commercial areas are described as within walking distance to dining, bars, a brewery, and shopping downtown, with a short drive to KCU-Joplin and MSSU campuses. The property is supported by secured entry points for tenants, an interior parking garage with 16 secured spaces, and security cameras located both around the exterior and inside the parking garage.
The building incorporates a sprinkler system and is described as completed up to code and approved by the city. For commercial use, the listing notes a flexible open-concept layout that can support a range of concepts such as retail, restaurant/dining, offices, or a gym, with the retail space already fully finished and the adjacent unfinished area available for future buildout or leasing.
Key Highlights
- Converted 1906 warehouse featuring 14 industrial‑style lofts and a total of 12,000 sqft of retail space activity across two addresses
- Fully leased lofts and main‑level retail at 124 S Joplin Avenue, plus additional leased space at 110 S Joplin Avenue
- Retail space (formerly Lennons) includes an overhead garage door with glass, fireplace, 2 bathrooms, dressing rooms, and a separate office with private bathroom
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $561.6k | $15.60 |
| − Vacancy | −$44.9k | −$1.25 |
| EGI | $516.7k | $14.35 |
| − OpEx | −$232.5k | −$6.46 |
| NOI | $284.2k | $7.89 |
36,000 SF · lease $15.60/SF/yr · vacancy 8.00% · expense 45.00%
Alternative Uses
Best Use
Retail
$4.85M
$4.25M – $5.66M
NOI $339,656 @ 7.0% cap · market cap 10.61%
Second Best
Apartment 5plus
$4.06M
$3.55M – $4.74M
NOI $284,170 @ 7.0% cap · market cap 8.88%
Theoretical Best
Office A
$10.86M
$9.50M – $12.67M
NOI $760,320 @ 7.0% cap · market cap 23.76%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Lennon’s Boutique
Clothing & Fashion Store
FAQs
What type of property is this?
Apartment building - Converted warehouse offers leased lofts, fully finished retail, and additional unfinished space with secured parking.
Where is this apartment building located?
The property is located at 124 S Joplin Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Converted 1906 warehouse featuring 14 industrial‑style lofts and a total of 12,000 sqft of retail space activity across two addresses; Fully leased lofts and main‑level retail at 124 S Joplin Avenue, plus additional leased space at 110 S Joplin Avenue; Retail space (formerly Lennons) includes an overhead garage door with glass, fireplace, 2 bathrooms, dressing rooms, and a separate office with private bathroom
