Multi-Level Office Building with
1331 S Illinois Avenue Joplin, MO 64801
1331 S Illinois Avenue, Joplin, MO, 64801
$499,900
For Sale
$499,900
COMMERCIAL - Joplin, MO
Property Size3,305 SF
Lot Size0.42 Acres
Price / SF$151.26
Days on Market15
Property Features for 1331 S Illinois Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Standard status
- Active
- Size
- 3,305 SF
- Lot size
- 0.42 Acres
Taxes and HOA fees
- Tax Annual Amount
- 3100
Utilities
- Heating system
- Natural Gas, Central, Forced Air
- Cooling system
- Central Air, Ceiling Fan(s), Heat Pump
Building Details
- Year built
- 1985
- Flooring type
- Concrete, Ceramic, Carpet
- Roof type
- Shingle
Listing agency
CHARLES BURT REALTORS
(417) 782-1234
Listed by
Higdon Real Estate Group, LLC, Kim Higdon · License #1999079112
(417) 396-9696
Added: Jul 9 Updated: Jul 13 at 3:27PM Checked: Jul 23 at 10:06AM
MLS# 263777
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.
This multi-level office building is presented in pristine condition and designed for professional use. The main floor includes five offices, with three additional offices upstairs, creating a practical layout for teams that need separate workspaces. The property includes an easy walk-up entry and parking designed to support day-to-day client and employee access. A detached two-car garage with solar panels is included, with solar support referenced for a five-car carport.
Located in Joplin, Missouri, the building sits on a 0.42-acre lot. The offering is positioned for straightforward access with lots of parking on-site. The property’s configuration supports a variety of office-oriented services, including (as referenced in the remarks) real estate, beauty, insurance, and attorney uses.
For prospective tenants, buyers, or owner-operators, the existing office count across two levels can reduce initial buildout needs for professional office groups. The on-site parking and walk-up entry support customer and staff convenience, while the referenced low utilities and solar-supported improvements may help control operating costs for an office user. The property is offered for sale and is ready to occupy for compatible professional office operations.
Located in Joplin, Missouri, the building sits on a 0.42-acre lot. The offering is positioned for straightforward access with lots of parking on-site. The property’s configuration supports a variety of office-oriented services, including (as referenced in the remarks) real estate, beauty, insurance, and attorney uses.
For prospective tenants, buyers, or owner-operators, the existing office count across two levels can reduce initial buildout needs for professional office groups. The on-site parking and walk-up entry support customer and staff convenience, while the referenced low utilities and solar-supported improvements may help control operating costs for an office user. The property is offered for sale and is ready to occupy for compatible professional office operations.
Key Highlights
- Multi‑level office building in Joplin with 5 offices on the main floor and 3 upstairs
- Detached 2‑car garage plus a 5‑car carport and lots of parking
- Energy‑efficient utilities with solar panels on the detached 2‑car garage
Local Financial Insights For Office B
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 | $72.6k | $21.96 |
| − Vacancy | −$14.5k | −$4.39 |
| EGI | $58.1k | $17.57 |
| − OpEx | −$14.5k | −$4.39 |
| NOI | $43.5k | $13.18 |
3,305 SF · lease $21.96/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$622.1K
$544.3K – $725.8K
NOI $43,547 @ 7.0% cap · market cap 8.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$997.2K
$872.5K – $1.16M
NOI $69,802 @ 7.0% cap · market cap 13.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mc Farland Cascade
Building Supply
First Missouri Insurance ...
Insurance Agency
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-level office building with multiple private offices, ample parking, and solar-supported garage/carport setup.
Where is this office building located?
The property is located at 1331 S Illinois Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Multi‑level office building in Joplin with 5 offices on the main floor and 3 upstairs; Detached 2‑car garage plus a 5‑car carport and lots of parking; Energy‑efficient utilities with solar panels on the detached 2‑car garage
