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Retail/Office Space Near Forest Park
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245 Union Blvd, Saint Louis, MO 63108

Street-level retail/office space adjacent to Forest Park.

Space Size6,022 SF
Lot Size4.40 Acres
Days on Market1912

Property Features for 245 Union Blvd

General Information

Standard status Active
Size 6,022 SF
Lot size 4.40 Acres
Property subtype RETAIL
Lease Type NNN

Spaces For Lease

at 245 Union Blvd
245 Union Blvd $18/SF/Yr
Floor 1
Size 6,022 SF
Type RETAIL
Lease Type NNN
Availability AVAILABLE, Now
Sublease Yes
Street level retail/office space adjacent to Forest Park – Among the newly developed 275 On the Park luxury apartment complex (400 apartment units) – 60+ surface parking spaces – Sublease term is through April 2031 – Union Blvd - 9,250 VPD | Forest Park Parkway - 19,743 VPD
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Listing Agency: Pace Properties
Listed By: Ashley Krekovich · License #1999033116
Source: Moodyscre
Added: Jul 12, 2021 Changed: Sep 28 Last Checked: Oct 4 at 11:24AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pace Properties

Investment Insights

Based on property information with market context.

This street-level retail or office space is located adjacent to Forest Park. It is situated among the newly developed 275 On the Park luxury apartment complex, which features 400 apartment units. The property includes over 60 surface parking spaces. The sublease term extends through April 2031. Traffic counts indicate 9,250 vehicles per day on Union Boulevard and 19,743 vehicles per day on Forest Park Parkway. The property offers 6,022 square feet of space.

Key Highlights

  • Adjacent to Forest Park
  • Located within the 275 On the Park luxury apartment complex (400 units)
  • 60+ surface parking spaces

Property Analytics

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Current Use

Retail space

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Building Supply Locksmith Food Market Auto Parts Store Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

5,302
Businesses Nearby
78k
Monthly Visits Nearby

Foot Traffic Nearby

Hotels & Casinos 38% Dining 32% Groceries 16% Shops & Services 13%
McDonald's Dining
22,069 visits/mo 0.5 miles
Marriott St. Louis Grand Hotels & Casinos
13,023 visits/mo 0.1 miles
Schnucks Groceries
12,829 visits/mo 0.0 miles
Holiday Inn St. Louis - Downtown Conv Ctr Hotels & Casinos
7,878 visits/mo 0.2 miles
Hampton Inn St. Louis-Downtown at the Gateway Arch Hotels & Casinos
6,458 visits/mo 0.4 miles

Demographics for 63108, MO

23,603
Population
13,208
Households
1.8
Avg Household Size
30
Median Age
64%
College-Educated
94%
High-School Grad
2.2 sq mi
ZIP Area
10,729
Density / Sq Mi
$56,933
Median Household Income
$47,284
Median Earnings
$1,140
Median Rent
$337,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Saint Louis, MO

$17.1 /SF/Yr
Avg Asking Price
$10–$28 /SF/Yr
Price Range
8,507 SF
Avg Space Size

This space is priced 5% above the average of $17.1 /SF/Yr.

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - Street-level retail/office space adjacent to Forest Park.
Where is this retail space located?
The property is located at 245 Union Blvd Saint Louis, MO.
What is the lease rate?
The lease rate is $18 SF/Yr.
What are key features of this property?
This property features: Adjacent to Forest Park; Located within the 275 On the Park luxury apartment complex (400 units); 60+ surface parking spaces
(314) 785-7613 Call to check price and availability
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