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    1508 Grand Blvd St St. Louis, MO 63104

    For Sale
    $1,750,000

    St. Louis, MO: 8,300 SF, High Potential

    Property size:
    8,300 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional mixed-use property at 1508 South Grand Boulevard in St. Louis, Missouri, presents a compelling redevelopment opportunity. The 8,300 square foot building, currently 17% occupied with an occupancy date of October 1, 2024, sits on a substantial 26,571 square foot lot. Priced at $1,750,000 ($210.84/SF), this Class C property offers significant upside potential. The land itself is valued at $65.86 per square foot. The two-story building, constructed over 90 years ago, benefits from a Local Commercial and Office zoning designation. Its prime location within the SSM/SLU Health Center Complex provides excellent visibility and access to a large population base. The property boasts frontage on two streets—South Grand Boulevard and Carr Lane—allowing for potential expansion with a second building on Carr Lane. Furthermore, its proximity to Interstate 44 (five blocks away) ensures convenient transportation links. This investment opportunity qualifies for State and Federal Historic Tax Credits, New Market Tax Credits, and LIHTCs, offering substantial financial incentives for the right developer. The owner/user investment sub-type presents a unique chance to combine ownership with operational control.

    Property Features for 1508 Grand Blvd St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    8,300 SF
    Class
    C

    Building Details

    Year Built
    90
    Buildings
    1
    Stories
    2

    HighLights

    • Ideally situated within the SSM/SLU Health Center Complex.
    • Eligible for State & Federal Historic Tax Credits, New Market Tax Credits, and LIHTCs.
    • Large double‑frontage lot on South Grand and Carr Lane, allowing for a second building on Carr Lane.
    • Five blocks from Interstate 44.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    St. Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.2384329
    Latitude
    38.6202209

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    FAQs

    What type of property is this?
    Mixed-use property - St. Louis, MO: 8,300 SF, High Potential
    Where is this mixed-use property located?
    The property is located at 1508 Grand Blvd St St. Louis, MO.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Ideally situated within the SSM/SLU Health Center Complex.; Eligible for State & Federal Historic Tax Credits, New Market Tax Credits, and LIHTCs.; Large double-frontage lot on South Grand and Carr Lane, allowing for a second building on Carr Lane.
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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
    1508 Grand Blvd St St. Louis, MO 63104
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