Mixed-Use Building with Renovated
514-520 S Hanley Road, Clayton, MO 63105
For Sale
New
$2,200,000
Commercial Sale, Clayton, MO
Property Size9,318 SF
Lot Size0.13 Acres
Price / SF$236.10
Days on Market2
Property Features for 514-520 S Hanley Road
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Utilities
Water source
Amenities
balcony
Building Details
Year built
Floors in Building
Buildings
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License MO #2006018085
3146476611x11
Added: Nov 10
Changed: Nov 11
Last Checked: Nov 11 at 9:06PM
MLS# 26071690
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 514-520 S. Hanley Road, this two-story brick mixed-use property was built in 1927 and contains approximately 9,318 SF, including about 6,578 SF above grade, on a 0.13-acre lot. The ground floor and lower-level office suite totals approximately 4,563 SF and received a full renovation in 2023. Its layout includes nine private offices, two conference rooms, reception space, CAT6 wiring, key-fob entry, updated electrical service and a full bath with shower. The lower level also has two restrooms and file and storage areas.
The second floor contains two leased apartments: a three-bedroom, one-bath unit and a two-bedroom, one-bath unit. Their kitchens, bathrooms and appliances were updated in 2019, and each apartment has a separate street entrance. The building is zoned C-1 Neighborhood Commercial by the City of Clayton.
The property is on the east side of S. Hanley Road, just north of Wydown Boulevard, in Clayton’s Hanley-Wydown business district. Nearby businesses include Gigi’s Cafe, Wright’s Tavern and Wydown Dental Group. I-64/40, I-170 and Forest Park Parkway are a short drive away. Parking includes a two-car garage, a one-car garage, street parking and a nearby public lot.
The second floor contains two leased apartments: a three-bedroom, one-bath unit and a two-bedroom, one-bath unit. Their kitchens, bathrooms and appliances were updated in 2019, and each apartment has a separate street entrance. The building is zoned C-1 Neighborhood Commercial by the City of Clayton.
The property is on the east side of S. Hanley Road, just north of Wydown Boulevard, in Clayton’s Hanley-Wydown business district. Nearby businesses include Gigi’s Cafe, Wright’s Tavern and Wydown Dental Group. I-64/40, I-170 and Forest Park Parkway are a short drive away. Parking includes a two-car garage, a one-car garage, street parking and a nearby public lot.
Key Highlights
- Approximately 9,318 SF total, with about 6,578 SF above grade
- 2023 renovation of the approximately 4,563 SF ground‑floor and lower‑level office suite
- Office layout includes 9 private offices, 2 conference rooms, reception and CAT6 wiring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,608
Cap Rate
5.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,292,160
$2.3M
Cap Rate 7%
$1,637,257
$1.6M
Cap Rate 9%
$1,273,422
$1.3M
Market Conditions
NOI Build-Up for 9,318 SF
Gross rent
$210.8K $22.62/SF
− Vacancy
−$27.4K −$2.94/SF
EGI
$183.4K $19.68/SF
− OpEx
−$68.8K −$7.38/SF
NOI
$114.6K $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%
$2,292,160
Cap Rate 7%
$1,637,257
Cap Rate 9%
$1,273,422
Alternative Uses
Best Use
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,608 @ 7.0% cap · market cap 5.21%
Second Best
Apartment 5plus
$1.24M
$1.08M – $1.45M
NOI $86,713 @ 7.0% cap · market cap 3.94%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,986 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4,374
Businesses Nearby
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Business Placement
Demographics for 63105, MO
18,846
Population
7,231
Households
2.6
Avg Household Size
31
Median Age
85%
College-Educated
97%
High-School Grad
2.5 sq mi
ZIP Area
7,538
Density / Sq Mi
$119,446
Median Household Income
$49,228
Median Earnings
$1,520
Median Rent
$735,500
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in St. Louis County, MO
Properties on Market for Mixed-use properties in St. Louis County
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-story brick property pairs upgraded office space with two leased apartments above.
Where is this mixed-use property located?
The property is located at 514-520 S Hanley Road Clayton, 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: Approximately 9,318 SF total, with about 6,578 SF above grade; 2023 renovation of the approximately 4,563 SF ground‑floor and lower‑level office suite; Office layout includes 9 private offices, 2 conference rooms, reception and CAT6 wiring
