3501 Chouteau Avenue St, Louis, MO 63103

This offering consists of a two-parcel, non-contiguous commercial land assemblage totaling approximately 2.00 acres (+/-87,120 SF) in City Block 2213. The assemblage includes a +/-1.50-acre rectangular parcel fronting Papin Street and a +/-0.50-acre Chouteau Avenue frontage parcel, with Theresa Avenue providing secondary access along the eastern boundary. Architectural concept plans prepared in January 2025 include a proposed 4-story, 100-key hotel with approximately 100 surface parking spaces on the Papin parcel, and a 1-story commercial/QSR building on the Chouteau frontage parcel with drive-thru capability.

The site is positioned in Midtown St. Louis with institutional and commercial activity across Chouteau Avenue, including SSM Health’s SLU Hospital and the under-construction Cardinal Glennon Children’s Hospital. The immediate block includes Target and Topgolf, and Saint Louis University’s North and South campuses flank the corridor.

Current zoning is J-Industrial, and rezoning will be required for the hotel and/or retail uses shown in the concept plans. The property is eligible 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, subject to approval. The parcels may be purchased together or separately, with the seller considering all-cash, 1031 exchange, or assumable mortgage structures.