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    Botanical Heights Retail Building For Sale Title is generated by Realmo AI

    1654 Tower Grove Ave St, Louis, MO

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    1,496 SF retail building with adjacent lot in Botanical Heights.

    Type:RETAIL
    Property size:
    1,496 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $254/SF
    Added:
    Jan 16, 2024
    Days on Market:
    902
    Last Refresh:
    May 20 at 9:32 pm

    Property Features for 1654 Tower Grove Ave St

    General Information

    Standard status
    Active
    Size
    1,496 SF
    Lot size
    0.15 Acres
    Property subtype
    RETAIL

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    Brian Kelley
    Brian Kelley

    Listing office Revel Commercial Real Estate

    Listing date Jan 16, 2024

    Source Moodyscre

    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 Revel Commercial Real Estate

    HighLights

    • Rare opportunity: Building with adjacent vacant lot for parking, patio, etc.
    • Excellent location in Botanical Heights near iNDO, La Pâtisserie Chouquette, and Union Loafers.
    • New TPO roof installed in 2022.
    • 1,496 SF retail building.
    • Easy access to S Vandeventer Ave & I‑44.
    • Formerly configured as a daycare facility.

    Overview

    A 1,496 square foot retail building, formerly configured as a daycare facility, is available for purchase along with an adjacent 0.113 acre lot. A new TPO roof was installed in 2022. The property is located in Botanical Heights, offering convenient access to S Vandeventer Avenue and I-44. The location is near iNDO, La Pâtisserie Chouquette, and Union Loafers Café and Bread Bakery. The adjacent vacant ground provides opportunities for parking or a restaurant patio.

    Local 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 $33.4k $22.32
    − Vacancy −$4.6k −$3.10
    EGI $28.7k $19.22
    − OpEx −$8.6k −$5.77
    NOI $20.1k $13.45
    1,496 SF · lease $22.32/SF/yr · vacancy 13.90% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $287.5K
    $251.6K – $335.4K (±1% cap)
    NOI $20,125 @ 7.0% cap · market cap 5.30%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $321.1K
    $280.9K – $374.6K (±1% cap)
    NOI $22,475 @ 7.0% cap · market cap 5.91%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Storefront properties

    Similar Places Nearby

    • 39th Street Floral — 2207 S 39th St, St. Louis, MO 63110
    • City House Country Mouse — 2105 Marconi Ave, St. Louis, MO 63110

    Map

    City
    Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.1928
    Latitude
    38.6305

    FAQs

    What type of property is this?
    Storefront property - 1,496 SF retail building with adjacent lot in Botanical Heights.
    Where is this storefront property located?
    The property is located at 1654 Tower Grove Ave St Louis, MO.
    What is the asking price?
    The asking price for this property is $380,000.
    What are key features of this property?
    This property features: Rare opportunity: Building with adjacent vacant lot for parking, patio, etc.; Excellent location in Botanical Heights near iNDO, La Pâtisserie Chouquette, and Union Loafers.; New TPO roof installed in 2022.
    (314) 477-6885 Call to check price and availability
    More about this property
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