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    1255 Lewis St St St. Louis, MO 63102

    Sponsored
    For Sale
    $800,000

    78,000 SF Warehouse, River Views, Historic Tax Credits

    Property size:
    78,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 78,000 square foot warehouse property at 1255 Lewis Street in St. Louis, Missouri, presents a unique investment opportunity. Located in the desirable North Laclede's Landing area, this industrial property boasts stunning views of the Mississippi River and the St. Louis downtown skyline. The asking price is $800,000, translating to $10.25 per square foot. Its prime location offers unparalleled access to the vibrant city center, placing it just two blocks from the Horseshoe Casino and the Four Seasons Hotel. The property's substantial size and existing structure lend themselves perfectly to a loft conversion project, maximizing its potential for high-end residential or commercial redevelopment. Furthermore, its historic nature makes it eligible for valuable historic tax credits, significantly enhancing its financial appeal. An adjacent warehouse is also available, presenting the possibility of a larger-scale development or expansion. This is a rare chance to acquire a significant property in a rapidly developing area with exceptional potential for substantial return on investment. The property is zoned for industrial use and is situated in St. Louis City County, Missouri, with a zip code of 63102.

    Property Features for 1255 Lewis St St

    General Information

    Property type
    Distribution properties
    Square Feet
    78,000 SF

    HighLights

    • 78,000 SF warehouse, ideal for loft conversion.
    • North Laclede's Landing location.
    • Mississippi River and downtown St. Louis views.
    • Adjacent warehouse available for expansion.
    • Eligible for historic tax credits.
    • Two blocks from Horseshoe Casino and Four Seasons Hotel.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    St. Louis
    County
    St. Louis city
    State
    Missouri
    Longitude
    -90.1820148
    Latitude
    38.6371064

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    FAQs

    What type of property is this?
    Distribution property - 78,000 SF Warehouse, River Views, Historic Tax Credits
    Where is this distribution property located?
    The property is located at 1255 Lewis St St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: 78,000 SF warehouse, ideal for loft conversion.; North Laclede's Landing location.; Mississippi River and downtown St. Louis views.
    Request Owner's contact information
    1255 Lewis St St St. Louis, MO 63102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1255 Lewis St St St. Louis, MO 63102
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