617 S Main St Joplin, MO 64801
For Sale
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This remarkable mixed-use property, the Pearl Brothers Building, presents a unique investment opportunity in the heart of Joplin, Missouri. Located at 617 S Main St, this historically significant landmark boasts 27,250 square feet across two buildings, offering a blend of retail and office space. The main three-story building, constructed in 1910, and a secondary two-story building, sit on a 0.21-acre lot. The property features a prominent Main Street frontage, ensuring high visibility and foot traffic. Recent renovations have restored the original brick facade and storefront windows, enhancing its aesthetic appeal. The building includes a dock-high door and freight elevator, facilitating efficient logistics. Ample public and street parking is available. The vacant space presents a blank canvas for diverse commercial ventures, with potential for retail on the ground floor and office or residential use above. The property's historical significance may offer tax credit opportunities. The asking price is $850,000 ($31.19/sq ft). Further details regarding tax credits are available upon request. This is a chance to own a piece of Joplin's rich history and vibrant downtown.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.