2930 Michigan Ave St, St. Louis, MO 63118
This unique 4,311 square foot, two-story building in St. Louis, Missouri's Tower Grove East neighborhood presents a compelling investment opportunity. Currently vacant, the property boasts a ground floor ideally suited for warehouse, workshop, or vehicle storage, featuring a sliding garage door with alley access and a potential second drive-in door. The building's history includes 35+ years of use as a maintenance garage and classic car storage. The second floor offers a spacious apartment ready for renovation, showcasing original hardwood floors, pocket doors, abundant natural light, and vintage built-ins. An unfinished rear area on the second floor presents further expansion possibilities, potentially creating a separate studio apartment or additional living space connected to the existing apartment. The property's zoning (B) allows for multiple uses, including the potential to develop up to four individual apartments. With 14-foot ceilings in the warehouse space and one dock-high door, this property offers a blend of historical charm and significant redevelopment potential in a desirable location. The building was constructed in 19pp and includes one pad. The asking price is $249,000. The net rentable square footage is 4,311.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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