Existing Office/Potential Apartment Conversion

Description:

Ri Marketplace Online Auction August 11-13, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2633/existing-office-potential-apartment-conversion?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_2633

Block and Company is pleased to present the fee simple interest in an Existing Office/Potential Apartment Conversion located at 402 S. Main St in Joplin, Missouri (the “Property”). The Property is being offered significantly below replacement cost, creating an attractive opportunity for owner/users or investors to acquire a well-located commercial asset with substantial value enhancement potential.

The Property is improved with an 8-story, 5 tenant office building totaling ±79,326 square feet, and offers an adjacent parking garage on 0.86 acres included. The Property is strategically positioned in Downtown Joplin totaling ±0.551 acres of land and can be accessed via several points of ingress/egress.

Joplin, Missouri, the largest city in southwest Missouri and a key commercial hub for the Four-State Area, is a unique real estate market driven by healthcare, logistics, manufacturing, and regional retail demand. Located along historic Route 66 and approximately 70 miles west of Springfield, Joplin benefits from excellent regional connectivity via Interstate 44, Interstate 49, and U.S. Highway 71, as well as proximity to Joplin Regional Airport. The city’s economy is supported by major employers in healthcare and manufacturing, a revitalized downtown district, and steady regional tourism centered around Route 66 heritage and nearby outdoor attractions like Grand Falls and the Ozark trails. The Property offers prominent frontage and visibility along South Main Street, one of the city’s primary thoroughfares, with traffic counts of approximately ±15,000 vehicles per day. The site is situated in a dense commercial corridor featuring national and regional retailers including Walmart Supercenter, Lowe’s, Walgreens, Dollar General, Starbucks, and numerous restaurants and service businesses. The Property is positioned in a dense area with ±78,926 people within a 5-mi radius and an average household income of $80,111. The population has experienced 2.37% growth from 2019-2023 with 0.7% growth expected to continue through 2029.


Gary D. Ryther
c/o Fisher Auction Company Inc.
License: 199018502

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