Address
2900 Market St Louis, MO
Price
$ 895,000
Property Attributes
  • MLS#20070019
  • TypeCommercial
  • CountyST LOUIS CITY
  • CitySt Louis
  • AreaDowntown
  • NeighborhoodMill Creek Valley
  • Zip63103
  • StyleFood/Bev/Restaurant,Professional Service,Retail Op
  • Year Built1965
  • Taxes12546
  • Price$ 895,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage11751
  • Lot Size0.66 Acres
Listing Provided Courtesy Of:
Invest St. Louis
Property Description

11,751 SF retail property located in Midtown a few blocks from the future MLS complex, Aquarium, Chaifetz Arena, St. Louis University. 100% occupied, currently setup with five businesses. 2 tenants have had leases since 1986 and 3 tenants have at least 3 years left on their lease. Cleaning business in the location since 1986 is owned by the building owner and can stay and sign a lease. Cleaners are currently taking up 2 bays so there is the potential for 6 bays in the future. Building has a recently replaced roof, recently replaced HVAC and duct work. 38 parking spots with potential to charge for parking for events at Chaifetz, SLU, MLS. 2019 gross rent was $73,369 which does not include rent from the dry cleaners. With cleaners paying $2,400 a month, warehouse rented at a market rate of $1,500 a month and charging $416 a month for parking the gross income would be $114,886 with a net income of $92,918, a 10.3% cap rate. All tenants survived the Covid shutdown and are paying rent.

Price History
10/5/2020 Listed $895,000

General Features

Age 56
Area Downtown
Cooling Wall Unit(s), Central-Gas
Cumulative Days on Market 96
Roof Flat
Status Active
Zone J

Interior Features

Heating Forced Air

Exterior Features

Bathrooms 0.00
Acres 0.6630
Road Frontage 353
Water Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 63103

Price
AVG $220K
$900K
Taxes
AVG $25,332
$12,546
Visits
AVG 24
19
Year Built
AVG 1944
1965
Walkscore
AVG 86
51
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.