Mixed-Use Building with Rooftop
702 S Wall Avenue Joplin, MO 64801
702 S Wall Avenue, Joplin, MO, 64801
$2,200,000
For Sale
$2,200,000
COMMERCIAL - Joplin, MO
Property Size17,940 SF
Lot Size0.60 Acres
Price / SF$122.63
Days on Market453
Property Features for 702 S Wall Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Standard status
- Active
- APN
- 31-001411-0000
- Size
- 17,940 SF
- Lot size
- 0.60 Acres
Taxes and HOA fees
- Tax Annual Amount
- 10381
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1920
- Number of units
- 14
- Flooring type
- Concrete, Vinyl
- Roof type
- Rubber
Listing Agency
GLENN GIBSON COMMERCIAL REAL ESTATE
(417) 825-8213
2650 E 32nd Street Ste. 221, JOPLIN, MO
Listed by
Luke Gibson · License #2015033987
(417) 359-6868
Added: Apr 21, 2025 Checked: Jul 17 at 10:06 am
MLS# 252107
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 mixed-use building offers a combination of residential and commercial space, with 12 apartment units and two ground-level commercial spaces suited for retail or office use. The apartments are described as modern and designed with open floor plans and large windows that bring in natural light. Building amenities include private off-street parking for tenants and customers, as well as a shared rooftop deck with panoramic views.
Located at 702 S Wall Avenue in Joplin, Missouri, the property is positioned in the downtown core. The remarks indicate close proximity to the Cornell Complex and nearby downtown destinations, creating a walkable environment for residents and commercial tenants.
For buyers and operators, this configuration supports a mixed-income ownership model, with income potential tied to both apartment rentals and street-level commercial tenants. The ground-floor layout is intended to serve retail or service-oriented users, while the apartment component provides on-site residential demand. The on-site parking and rooftop deck can also help make the property more attractive to both tenants and customers in a downtown setting.
Located at 702 S Wall Avenue in Joplin, Missouri, the property is positioned in the downtown core. The remarks indicate close proximity to the Cornell Complex and nearby downtown destinations, creating a walkable environment for residents and commercial tenants.
For buyers and operators, this configuration supports a mixed-income ownership model, with income potential tied to both apartment rentals and street-level commercial tenants. The ground-floor layout is intended to serve retail or service-oriented users, while the apartment component provides on-site residential demand. The on-site parking and rooftop deck can also help make the property more attractive to both tenants and customers in a downtown setting.
Key Highlights
- Mixed‑use property with 12 apartments plus 2 ground‑level commercial spaces
- Forced air heating and central air cooling
- Rooftop deck with shared access
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 | $251.9k | $14.04 |
| − Vacancy | −$10.1k | −$0.56 |
| EGI | $241.8k | $13.48 |
| − OpEx | −$72.5k | −$4.04 |
| NOI | $169.3k | $9.43 |
17,940 SF · lease $14.04/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.42M
$2.12M – $2.82M
NOI $169,262 @ 7.0% cap · market cap 7.69%
Second Best
Mixed Use
$2.30M
$2.01M – $2.68M
NOI $160,922 @ 7.0% cap · market cap 7.31%
Theoretical Best
Office A
$5.41M
$4.74M – $6.31M
NOI $378,893 @ 7.0% cap · market cap 17.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Willington Lofts
Apartment Building
Joplin Elder Law
Law Firm
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FAQs
What type of property is this?
Mixed-use property - Downtown Joplin mixed-use building with 12 apartments, ground-floor retail/office space, off-street parking, and shared rooftop deck.
Where is this mixed-use property located?
The property is located at 702 S Wall Avenue Joplin, MO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Mixed‑use property with 12 apartments plus 2 ground‑level commercial spaces; Forced air heating and central air cooling; Rooftop deck with shared access
