Historic Ballroom Investment
For Sale
Contact for pricing
2719-2729 & 2709-2711 Cherokee St St., Saint Louis, MO
Versatile commercial space with income-producing leases and historic ballroom.
Property Size31,158 SF
Lot Size0.39 Acres
Price / SF$70.61
Days on Market272
Property Features for 2719-2729 & 2709-2711 Cherokee St St.
General Information
Standard status
Active
Size
31,158 SF
Lot size
0.39 Acres
Property subtype
RETAIL
Listing Agency:
Kramer Commercial Realty
(314) 221-6278
Listed By:
Mark R Kramer · License #2007037354
(314) 221-6278
Source:
Moodyscre
Added: Nov 21, 2025
Changed: Jul 6
Last Checked: Aug 20 at 12:32PM
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 Kramer Commercial Realty
Investment Insights
Based on property information with market context.
This commercial property, constructed in 1927, offers a rare investment opportunity. Located in St. Louis, the property includes two buildings with a total area of 25,750 square feet and 3,408 square feet. A significant feature is the 18,000 square foot ballroom, suitable for events, concerts, conferences, or creative projects. The property is zoned commercial and includes five leases, generating a monthly income of approximately $11,800. Current tenants include a tax office (2,000 square feet, $1,800 monthly), an appliance store (8,000 square feet, $4,000 monthly), an audio store (1,000 square feet, $1,000 monthly), a convenience store (1,500 square feet, $1,500 monthly), and Casa Loma (10,000 square feet, $3,500 monthly). The Casa Loma space is currently under market value, with potential market rent estimated at $10 per square foot, potentially increasing the total monthly rent to $23,300. The property includes equipment, furniture, and fixtures. A new TPO roof was installed within the last 5 years, and the four 10-ton HVAC units were replaced 4 years ago. Three boilers were replaced in 2023. The property's tax IDs are 1515-00-0330-0 and 1515-00-0530-0. The 2024 taxes are $3,218.66 and $19,279.39.
Key Highlights
- Historic 18,000 sq ft ballroom suitable for events, concerts, conferences, or creative endeavors
- Existing leases generate approximately $11,800 in monthly income
- Includes 2 buildings with a total of 25,750 sq ft and 3,408 sq ft of commercial space
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,302
Businesses Nearby
78k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Versatile commercial space with income-producing leases and historic ballroom.
Where is this shopping center located?
The property is located at 2719-2729 & 2709-2711 Cherokee St St. Saint Louis, MO.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Historic 18,000 sq ft ballroom suitable for events, concerts, conferences, or creative endeavors; Existing leases generate approximately $11,800 in monthly income; Includes 2 buildings with a total of 25,750 sq ft and 3,408 sq ft of commercial space
