Live-Work Industrial
3723 Commonwealth Avenue Maplewood, MO 63143
For Sale
Under Contract
$975,000
MULTI_FAMILY - Contemporary - Maplewood, MO
Property Size7,800 SF
Lot Size0.37 Acres
Price / SF$125
Days on Market113
Property Features for 3723 Commonwealth Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
5
Rooms
Bathroom 2, Bedroom 2, Bathroom 5, Bathroom 1, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 3
Fencing
Fenced
Standard status
Active Under Contract
APN
22J-51-0355
Lot size
0.37 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
10479
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Year built
1928
Number of units
2
Building materials
Brick
Architectural style
Contemporary
Listing Agency:
RE/MAX Results
(314) 781-7777
Listed By:
Patrice TenBroek · License #2001008626
(314) 781-7777
Added: Apr 9
Changed: Jul 28
Last Checked: Jul 30 at 3:06AM
MLS# 25074600
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This renovated live-work building was formerly used as light industrial and offers open, creative/work spaces on the first floor. The second floor is configured as a loft-style 3-bedroom, 2-bath living space with soaring ceilings. The property has undergone smart, contemporary updates including new windows throughout, a new roof, tuckpointing, and HVAC and plumbing improvements.
Parking is available in a lot on the west side of the building plus additional spaces. The property is located in a private cul-de-sac about one block off Big Bend Blvd, with access to I-40/I-44. The second floor is currently rented to traveling nurses. An owner-occupied business uses part of the first-floor space and a sale-lease-back may be considered.
A 2-car-deep garage in front provides additional storage, and a separate two-story barn on the premises offers further storage or potential for build-out into an additional rental apartment. PUD permitted uses include one three-bedroom apartment and co-working space up to 4,400 sf per the City of Maplewood.
Parking is available in a lot on the west side of the building plus additional spaces. The property is located in a private cul-de-sac about one block off Big Bend Blvd, with access to I-40/I-44. The second floor is currently rented to traveling nurses. An owner-occupied business uses part of the first-floor space and a sale-lease-back may be considered.
A 2-car-deep garage in front provides additional storage, and a separate two-story barn on the premises offers further storage or potential for build-out into an additional rental apartment. PUD permitted uses include one three-bedroom apartment and co-working space up to 4,400 sf per the City of Maplewood.
Key Highlights
- 7800 +/- SF former light industrial live/work building with creative open work spaces on the first floor
- Second‑floor loft‑style living space with 3 bedrooms and 2 bathrooms; soaring ceilings and loads of natural light
- Renovation updates include new windows throughout, new roof, tuckpointing, plus HVAC and plumbing updates
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $126.4k | $16.20 |
| − Vacancy | −$7.2k | −$0.92 |
| EGI | $119.2k | $15.28 |
| − OpEx | −$35.7k | −$4.58 |
| NOI | $83.4k | $10.69 |
7,800 SF · lease $16.20/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Mixed Use
$1.37M
$1.20M – $1.60M
NOI $95,937 @ 7.0% cap · market cap 9.84%
Second Best
Office B
$1.36M
$1.19M – $1.59M
NOI $95,187 @ 7.0% cap · market cap 9.76%
Theoretical Best
Office A
$1.67M
$1.46M – $1.95M
NOI $117,181 @ 7.0% cap · market cap 12.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Live-work space - Renovated live-work building with loft-style 3-bed, 2-bath living space and open creative work areas.
Where is this live-work space located?
The property is located at 3723 Commonwealth Avenue Maplewood, MO.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 7800 +/- SF former light industrial live/work building with creative open work spaces on the first floor; Second‑floor loft‑style living space with 3 bedrooms and 2 bathrooms; soaring ceilings and loads of natural light; Renovation updates include new windows throughout, new roof, tuckpointing, plus HVAC and plumbing updates
