Property profile

2930 Michigan Ave St St. Louis, MO 63118

OFF-MARKET
Warehouses
4,311 SF Built 19
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Warehouses
Year built 19
Total area 4,311 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

2930 Michigan Ave St St. Louis, MO 63118
St. Louis metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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