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    Main Street Retail/Residential Opportunity Title is generated by Realmo AI

    120 S Main Street, Joplin, MO 64801

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    Claim this Listing
    For Sale
    $325,000

    SINGLE_FAMILY - Joplin, MO

    Type:Retail
    Property size:
    2,500 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $130/SF
    Added:
    Oct 20, 2025
    Days on Market:
    240
    Last Refresh:
    Jun 16 at 9:06 pm

    Property Features for 120 S Main Street

    General Information

    Property type
    Residential
    Property subtype
    Retail
    Zoning
    C-2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bathroom 1
    Standard status
    Active
    APN
    19200340017007003
    Size
    2,500 SF
    Lot size
    0.06 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    MURPHYSBURG ORIG S1/2 LOT 27
    Tax Annual Amount
    2695

    Utilities

    Utilities
    Water Available
    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Number of units
    2

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    Listing Contact
    Amy Hunt Realty

    Listing agent Amy Hunt Realty

    Listing office Keller Williams Realty Elevate MO

    Listing date Oct 20, 2025

    MLS# 60307995

    Copyright © 2026 Southern Missouri Regional MLS, LLC (SOMO). All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Retail space on Main Street in Joplin with 2,500 SF main level and 2,500 SF upstairs
    • Upstairs area is completely gutted and ready for conversion; could fit 2 apartments or a large loft
    • Main level includes a small deck off the back into the alley and access to a mezzanine for additional finished space or storage
    • Two restrooms plus office/storage area and storage under the stairs; large utility room with floor sink on main level
    • Upstairs has 2 separate entrances for independent access
    • Utilities include water available; heating is natural gas with central air; new roof and new awning to be installed

    Overview

    Located on Main Street in Joplin, this property features a 2,500-square-foot main level currently used for retail. The main level includes a small deck off the back that goes into the alley. Access to the mezzanine is available on the main level, offering potential for additional finished space or storage. The main level also contains two restrooms, an office/storage area, storage under the stairs, and a large utility room with a floor sink. An additional 2,500 square feet is located upstairs with two separate entrances. The upstairs area is completely gutted and ready to be developed, with the potential to be converted into two apartments or a large loft. A new roof and awning are to be installed. The property is zoned C-2 and sits on a 0.06-acre lot.

    Local Financial Insights For Retail

    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 $35.1k $14.04
    − Vacancy −$1.4k −$0.56
    EGI $33.7k $13.48
    − OpEx −$10.1k −$4.04
    NOI $23.6k $9.43
    2,500 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $337.0K
    $294.8K – $393.1K (±1% cap)
    NOI $23,587 @ 7.0% cap · market cap 7.26%
    Second Best
    Apartment 5plus
    $281.9K
    $246.7K – $328.9K (±1% cap)
    NOI $19,734 @ 7.0% cap · market cap 6.07%
    Theoretical Best
    Office A
    $754.3K
    $660.0K – $880.0K (±1% cap)
    NOI $52,800 @ 7.0% cap · market cap 16.25%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Fabric Merchant (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Nail Salon Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Joplin
    County
    Jasper
    State
    Missouri
    Longitude
    -94.513548
    Latitude
    37.08989

    FAQs

    What type of property is this?
    Retail space - Retail space with potential for apartments or loft upstairs.
    Where is this retail space located?
    The property is located at 120 S Main Street Joplin, MO.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: Retail space on Main Street in Joplin with 2,500 SF main level and 2,500 SF upstairs; Upstairs area is completely gutted and ready for conversion; could fit 2 apartments or a large loft; Main level includes a small deck off the back into the alley and access to a mezzanine for additional finished space or storage
    More about this property
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