

St Joseph Plaza
Value Add Shopping Center in St Joseph, MO
Marketing description
LRG Commercial is pleased to present a compelling value-add retail and office opportunity in St. Joseph, Missouri, the state’s 8th largest city and a key regional hub located approximately 30 minutes north of Kansas City. This 24,229 SF strip center sits on a 0.98-acre outparcel along the South Belt Highway, one of St. Joseph’s primary commercial corridors, and benefits from shared ingress and egress with Walmart along US-169, providing excellent visibility and accessibility.
The property is currently 33% occupied, creating a rare opportunity for an owner-user or investor to reposition the center and capture significant upside through lease-up. The standout feature is a 9,999 SF move-in-ready space, ideal for a medical, office, or institutional user seeking immediate functionality with strong frontage and parking. The remaining vacancies allow for flexible demising options, making the center well-suited for a mix of medical, professional services, or neighborhood retail tenants.
With nearly 99,000 residents within a 20-minute drive, proximity to national retailers, and a location embedded within an established Walmart shadow center, this asset offers both near-term usability and long-term redevelopment or repositioning potential. For buyers seeking scale, visibility, and the ability to create value through strategic leasing, this property represents a compelling opportunity in a proven trade area.
Investment highlights
- Significant Value-Add Opportunity – Currently 33% occupied, allowing an investor or owner-user to drive NOI through strategic lease-up in an established retail corridor.
- 9,999 SF Move-In-Ready Space – Rare, nearly 10,000 SF contiguous suite ideal for medical, office, or institutional use with immediate occupancy potential.
- Walmart Shadow Center Location – Shared ingress/egress with Walmart along US-169 provides strong visibility, traffic generation, and long-term location stability.
- Flexible Demising & Tenant Mix Potential – Multiple vacancy configurations allow for medical, professional services, or neighborhood retail tenants to diversify income.
- Strong Regional Draw – Positioned in St. Joseph, MO with approximately 99,000 residents within a 20-minute drive and convenient access to the Kansas City metro.
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