MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or… Read More other legally permitted uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed in the Commercial category under MLS #26054395. Owner/Agent Read Less
Listing courtesy of Linda Alexander Real Estate LLC.
Listing Snapshot
Days Online
36
Last Updated
Property Type
2-4 Units
Square Ft.
5,560
Lot Size
0.04 Acres
Year Built
1907
MLS Number
26051288
30 Days Snapshot Of 63118
$270k
+14%
(avg) sold price
14
-36%
homes sold
63
+110%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road Frontage Type: Alley, City Street
Basement
Basement: 8 ft + Pour, Unfinished, Walk-Out Access, Basement
Building
Above Grade Finished Area: 5560 Sq.Ft., Above Grade Finished Area Source: Assessor, Architectural Style: Traditional, Construction Materials: Brick, Other, Living Area: 5560 Sq. Ft., Number Of Units Total: 2, Year Built: 1907
Features: City Lot, Corner Lot, Level, Lot Size Acres: 0.038, Lot Size Source: Public Records, Lot Size Square Feet: 1655.28 Sq.Ft.
Parking
Features: Off Street, Parking Pad
Property
Property Condition: Fixer, Updated/Remodeled, Property Sub Type: 2-4 Units
Roof
Roof: Flat
Taxes
Annual Tax Amount: 262, Tax Legal Description: CB 1453 Magnolia 45ft 8 1/2 in /21 Ft 2 in x 128 ft 1 Labadie & Lynch addn block 16 Lots W-75 & 76, Tax Year: 2025
Utilities
Electricity Available: Ameren, Utilities: Cable Available, Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available, Water Source: Public
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