2800 N Grand BLVD Active

St Louis,MO 63107

$ 920000

- Bed

0 Bath

48072 SqFt


Key Details

Property Type Commercial

Sub Type Commercial & Indr.

Listing Status Active

Purchase Type For Sale

Square Footage 48,072 sqft

Price per Sqft $19

Subdivision Lindell Add

MLS Listing ID 23064671

Year Built 1925

Building Age 98

Lot Size 0.448 Acres

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 – one facing Grand Blvd. (west) and one facing 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, there are 12 month-to-month tenants on the first floor generating $121,620 of income 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

State MO

County St Louis City

Area North

Zoning H-Area Commercial

Interior

Heating Individual Unit,Forced Air

Cooling Electric,None

Exterior

Utilities Available Electricity Available,Gas to Site,Water Available,Sewer Available

Roof Type Built-Up

Building

Sewer Community Sewer

Water Public

Structure Type Conventional

Others

Acceptable Financing Cash Only,Conventional

Listing Terms Cash Only,Conventional

Special Listing Condition None

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