Renovated Mixed-Use
For Sale
$995,000
2700 Macklind Ave Saint, Louis, MO 63139
Renovated mixed-use building with two apartments and two commercial suites in a restored historic storefront.
Property Size4,320 SF
Price / SF$230.32
Days on Market8
Property Features for 2700 Macklind Ave Saint
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Other Hospitality
Additional Details
Multifamily Units
2
Building Details
Building Size
4,320 SF
Year Built
1896
Tenancy
Multi
Listing Agency:
Invest St. Louis
(314) 225-5117
Listed By:
Jordan Schoen · License ##2009024331
(314) 225-5117
Source:
Thebrokerlist
Added: Jul 24
Changed: Jul 25
Last Checked: Jul 30 at 2:29AM
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 Invest St. Louis
Investment Insights
Based on property information with market context.
This renovated mixed-use property totals 4,320 square feet and includes two residential apartments and two commercial suites. The building features a restored historic storefront with new commercial windows and doors. Inside, the commercial spaces have been renovated with new carpeting, restored original tin ceilings, and updated kitchens and bathrooms. The apartments were extensively renovated with new kitchens and bathrooms, refinished hardwood floors, new fixtures, and updated interior finishes.
The property is located along the Macklind Avenue business corridor in St. Louis, steps from The Hill. Improvements also include upgraded electrical and plumbing systems, tuckpointing, and new front sidewalks.
Current contracted rent totals $5,870 per month, diversifying income between residential and commercial uses. Current annual income is $74,599, with operating expenses totaling $21,351 and net operating income of $53,248.
The property is located along the Macklind Avenue business corridor in St. Louis, steps from The Hill. Improvements also include upgraded electrical and plumbing systems, tuckpointing, and new front sidewalks.
Current contracted rent totals $5,870 per month, diversifying income between residential and commercial uses. Current annual income is $74,599, with operating expenses totaling $21,351 and net operating income of $53,248.
Key Highlights
- Renovated 4,320 SF mixed‑use building with two residential apartments and two commercial suites
- Historic storefront restored with new commercial windows and doors along the Macklind Avenue business corridor
- Commercial spaces renovated with new carpeting, restored original tin ceilings, kitchens, and bathrooms
Financial Insights For Retail
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 | $96.4k | $22.32 |
| − Vacancy | −$13.4k | −$3.10 |
| EGI | $83.0k | $19.22 |
| − OpEx | −$24.9k | −$5.77 |
| NOI | $58.1k | $13.45 |
4,320 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$830.2K
$726.4K – $968.6K
NOI $58,114 @ 7.0% cap · market cap 5.84%
Second Best
Mixed Use
$759.1K
$664.2K – $885.6K
NOI $53,134 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$927.1K
$811.3K – $1.08M
NOI $64,900 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
845
Businesses Nearby
Explore this area
Business Placement
Demographics for 63139, MO
21,971
Population
12,187
Households
1.8
Avg Household Size
38
Median Age
49%
College-Educated
96%
High-School Grad
3.8 sq mi
ZIP Area
5,782
Density / Sq Mi
$74,749
Median Household Income
$52,298
Median Earnings
$1,086
Median Rent
$199,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Renovated mixed-use building with two apartments and two commercial suites in a restored historic storefront.
Where is this live-work space located?
The property is located at 2700 Macklind Ave Saint Louis, MO.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Renovated 4,320 SF mixed‑use building with two residential apartments and two commercial suites; Historic storefront restored with new commercial windows and doors along the Macklind Avenue business corridor; Commercial spaces renovated with new carpeting, restored original tin ceilings, kitchens, and bathrooms
