Renovated Mixed-Use
2200 Gravois Rd, Saint Louis, MO 63104
For Sale
New
Contact for pricing
A music production studio, restaurant, and offices occupy a renovated historic property with gated parking.
Property Size15,000 SF
Price / SF$399.67
Days on Market6
Property Features for 2200 Gravois Rd
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Property Use
Amenities
gated parking lot
Building Details
Buildings
Listing Agency:
NAI DESCO - St. Louis
Listed By:
Tony Salerno · License #MO 1999071763
(314) 994-4444
Source:
Crexi
Added: Nov 4
Changed: Nov 8
Last Checked: Nov 8 at 3:05PM
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 NAI DESCO - St. Louis
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The historic Polar Wave Ice & Fuel Building contains approximately 15,000 square feet arranged for music production, restaurant, and office use. The renovated property includes a gated parking area, with additional street parking available nearby.
At 2200 Gravois Road in St. Louis, the building sits adjacent to Hodak's Restaurant. Its combination of studio, dining, and office space brings several commercial uses together in one property.
At 2200 Gravois Road in St. Louis, the building sits adjacent to Hodak's Restaurant. Its combination of studio, dining, and office space brings several commercial uses together in one property.
Key Highlights
- Approximately 15,000 SF in a historic renovated building
- Includes a music production studio, restaurant, and office space
- Gated parking lot and street parking nearby
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,494
Cap Rate
3.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,689,880
$3.7M
Cap Rate 7%
$2,635,629
$2.6M
Cap Rate 9%
$2,049,933
$2.0M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$339.3K $22.62/SF
− Vacancy
−$44.1K −$2.94/SF
EGI
$295.2K $19.68/SF
− OpEx
−$110.7K −$7.38/SF
NOI
$184.5K $12.30/SF
Area
St. Louis County, MO
Vacancy
13.00%
Lease Rate
$22.62 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,689,880
Cap Rate 7%
$2,635,629
Cap Rate 9%
$2,049,933
Alternative Uses
Best Use
Mixed Use
$2.64M
$2.31M – $3.07M
NOI $184,494 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$2.62M
$2.29M – $3.05M
NOI $183,052 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$3.22M
$2.82M – $3.76M
NOI $225,348 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
274
Businesses Nearby
Explore this area
Business Placement
Demographics for 63104, MO
19,317
Population
10,958
Households
1.8
Avg Household Size
34
Median Age
54%
College-Educated
94%
High-School Grad
3.4 sq mi
ZIP Area
5,681
Density / Sq Mi
$70,127
Median Household Income
$53,693
Median Earnings
$1,054
Median Rent
$249,500
Median Home Value
Market
Properties on Market for Mixed-use properties in Saint Louis
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A music production studio, restaurant, and offices occupy a renovated historic property with gated parking.
Where is this mixed-use property located?
The property is located at 2200 Gravois Rd Saint Louis, MO.
What is the asking price?
The asking price for this property is $5,995,000.
What are key features of this property?
This property features: Approximately 15,000 SF in a historic renovated building; Includes a music production studio, restaurant, and office space; Gated parking lot and street parking nearby
