Properties

Commercial Sale For Sale

, St Louis, Missouri 63107, USA

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Property Description

Fantastic Investment Development Opportunity in St. Louis, Mo. This 48,072 SF 3-story was constructed in 1925-1926 in the Classical Revival style brick combination for commercial and residential use, with the 1st Floor as Retail, 2nd floor with 12 offices, 3rd floor with 13 Studio and 2-One Bedroom apartments, and a 15-lane bowling alley in the basement. The building has two primary elevations: Grand Blvd. (west) and St. Louis Avenue (south). Each of these elevations bears detailed terra cotta embellishments and Egyptian-influenced columns on the exterior façade, making this a landmark commercial property. Currently, 12 month-to-month tenants on the first floor generate $148,600 annually, and the 2nd and 3rd floors are vacant. The owner has development plans to keep the first floor as retail and convert the 2nd and 3rd floors into 50 senior housing units.

Basic Details
Property Type : Commercial Sale
Listing ID : 23064671
Price : $920,000
Year Built : 1925
Lot Area : 0.45 Acre
Status : Active
Property Sub Type : Commercial & Indr.
Roof : Built-Up
Features
Heating System : Forced Air, Individual Unit
Cooling System : None, Electric
Parking : None, Parking Garage
Taxes Paid : $0
Sewer : Community Sewer
Utilities : Electricity Available, Gas to Site, Water Available, Sewer Available
Address Map
Directions : From Grand Center go North on North Grand Blvd 1 mile to the property on the right at the intersection of St. Louis Ave.
Mls Area Major : North
Street Dir Prefix : N
Zoning : H-Area Commercial
Additional Information
Electric : 220 Volts,Three Phase
Lot Size Dimensions : 127/134X151/151
Possible Use : Place of Worship,Restaurant,Motel/Hotel,Office,Personal Service,Professional Service,Retail,School
Previous Price : 780000
Water Source : Public
Construction Materials : Conventional
Current Use : Mixed Use, Freestanding, Office, Professional Service, Professional/Office, Three Stories or More, Personal Service, Restaurant, Retail, Store Front, Convenience Store, Apartment
Financial
Tax Annual Amount : 3275
Listing Information
List Agent Mls Id : SHHANST
List Office Mls Id : HAHA01
Modification Timestamp : 2025-03-13T16:02:06Z
Originating System Name : MARIS
Special Listing Conditions : None
Status Change Timestamp : 2023-10-26T21:18:57Z
Commercial Sale
  • Listing ID : 23064671
  • Lot Area : 0.45 Acre
$920,000
Agent info
1 Degree Realty
8930 Gravois Road
Contact Agent