3501 Chouteau Ave, Saint Louis, MO 63103

This offering is a land assemblage comprising two non-contiguous parcels totaling approximately 2.00 acres (+/-87,120 SF) in City Block 2213. The North Parcel is a roughly +/-1.50-acre site fronting Papin Street, and the South Parcel is a roughly +/-0.50-acre site fronting Chouteau Avenue with secondary access via Theresa Avenue on the eastern boundary. The seller has prepared architectural concept plans (Arcturis, January 2025) for a 4-story, 100-key hotel on the Papin parcel, including +/-100 surface parking spaces, and a 1-story commercial/QSR building on the Chouteau frontage parcel with drive-thru capability. Current zoning is J-Industrial, and rezoning will be required for hotel and/or retail uses.

The parcels sit across Chouteau Avenue from SSM Health’s $550 million SLU Hospital and from the under-construction Cardinal Glennon Children’s Hospital. Immediate area activity includes National retailers Target (70,000 SF) and Topgolf anchoring the block, with Saint Louis University’s North and South campuses along the corridor.

For developers and operators, the property’s configuration supports distinct frontages for hospitality and QSR/retail uses, subject to approvals. The site also carries eligibility for Chapter 353 tax abatement through the St. Louis Midtown Redevelopment Corporation (SLMRC), potentially providing up to 20 years of real estate tax abatement on improvements. The parcels may be purchased together or separately, and all-cash, 1031 exchange, or assumable mortgage structures will be considered.