1508 Grand Blvd St St. Louis, MO 63104
- Mixed-use properties
- 8,300 SF
Current Use by Public Records
- Mixed-use properties
Property Details for 1508 Grand Blvd St
- Year built
- 90
- Property size
- 8,300 SF
- Property type
- Mixed-use properties
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- St. Louis
- County
- State
- Missouri
- Longitude
- -90.2384
- Latitude
- 38.6202
