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. Location: City, Corner Location

Basic Details
Property Type : Commercial Sale
Listing ID : MIS23064671
Price : $920,000
Square Footage : 48,072
Year Built : 1925
Lot Area : 0.45 Acre
Status : Active
Property Sub Type : Retail
Roof : Built-Up
Features
Heating System : Forced Air, Varies by Unit
Cooling System : Central Air, None, Electric
Parking : None, Garage
Taxes Paid : $0
Utilities : Electricity Available, Water Available, Sewer Available, Natural Gas 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 : 5 - North
Street Dir Prefix : N
Additional Information
Electric : 220 Volts,Three Phase
Lot Size Dimensions : 127/134X151/151
On Market Date : 2023-10-26
Possible Use : Place of Worship,Restaurant,Hotel/Motel,Professional/Office,Retail,Education/School
Previous Price : 780000
Water Source : Public
Construction Materials : Other, Brick
Current Use : Mixed Use, Office, Restaurant, Retail, Convenience Store, Services
Financial
Tax Annual Amount : 3275
Listing Information
List Agent Mls Id : MISSHHANST
List Office Mls Id : MISHAHA01
Listing Term : Cash,Conventional
Mls Status : Active
Modification Timestamp : 2025-04-28T23:56:12Z
Originating System Name : MARIS
Special Listing Conditions : Standard
Status Change Timestamp : 2023-10-26T21:18:57Z
Commercial Sale
  • Listing ID : MIS23064671
  • Square Footage : 48,072
$920,000
Agent info
1 Degree Realty
8930 Gravois Road
Contact Agent