1331 S Illinois Avenue Joplin, MO 64801
COMMERCIAL - Joplin, MO
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 agent Higdon Real Estate Group, LLC, Kim Higdon License #1999079112 (417) 396-9696
Listing office CHARLES BURT REALTORS 2300 E 7th, Joplin, MO (417) 782-1234
Listing date Jul 9, 2026
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.
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 |
