Mixed-Use Property with Restored
For Sale
$895,000
2700 Macklind Avenue, Saint Louis, MO 63139
Two apartments and two commercial suites provide a four-space layout in an established neighborhood business district.
Property Size4,320 SF
Price / SF$207.18
Days on Market94
Property Features for 2700 Macklind Avenue
General Information
Standard status
Active
Size
4,320 SF
Property subtype
Commercial
Net Operating Income
$53,248
Additional Details
Gross Income
$74,599
Mixed-Use Components
residential, commercial
Multifamily Units
2
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$9,933
Building Details
Year Built
1896
Buildings
1
Tenancy
Multi
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers
(314) 614-8707
Source:
Flowershomerealty
Added: Jul 23
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 Flowers Home Realty
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Investment Insights
Based on property information with market context.
At 2700 Macklind Avenue in St. Louis, this 4,320-square-foot mixed-use building dates to 1896 and contains two apartments alongside two commercial suites. Improvements include updated electrical and plumbing systems, tuckpointing, replacement front sidewalks, and renewed storefront windows and doors. The commercial suites have carpeting, original tin ceilings, kitchens, and bathrooms. Apartment updates include kitchens, bathrooms, refinished hardwood floors, fixtures, and interior finishes.
The property sits on the Macklind Avenue business corridor near The Hill, combining residential and commercial space within one building.
The property sits on the Macklind Avenue business corridor near The Hill, combining residential and commercial space within one building.
Key Highlights
- 4,320‑square‑foot building constructed in 1896
- Four rentable spaces: two apartments and two commercial suites
- Commercial suites feature kitchens, bathrooms, carpeting, and restored tin ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,114
Cap Rate
6.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,280
$1.2M
Cap Rate 7%
$830,200
$830.2K
Cap Rate 9%
$645,711
$645.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$96.4K $22.32/SF
− Vacancy
−$13.4K −$3.10/SF
EGI
$83.0K $19.22/SF
− OpEx
−$24.9K −$5.77/SF
NOI
$58.1K $13.45/SF
Area
St. Louis County, MO
Vacancy
13.90%
Lease Rate
$22.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,162,280
Cap Rate 7%
$830,200
Cap Rate 9%
$645,711
Alternative Uses
Best Use
Retail
$830.2K
$726.4K – $968.6K
NOI $58,114 @ 7.0% cap · market cap 6.49%
Second Best
Mixed Use
$759.1K
$664.2K – $885.6K
NOI $53,134 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$927.1K
$811.3K – $1.08M
NOI $64,900 @ 7.0% cap · market cap 7.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
877
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two apartments and two commercial suites provide a four-space layout in an established neighborhood business district.
Where is this mixed-use property located?
The property is located at 2700 Macklind Avenue Saint Louis, MO.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 4,320‑square‑foot building constructed in 1896; Four rentable spaces: two apartments and two commercial suites; Commercial suites feature kitchens, bathrooms, carpeting, and restored tin ceilings
