1909 Locust St St St. Louis, MO 63103
This vacant, 8,680-square-foot storefront at 1909 Locust St in St. Louis, MO, presents a compelling redevelopment opportunity. Located in the thriving Downtown West/Midtown neighborhood, this property is ideally situated steps from the new MLS stadium and numerous other ongoing developments. The building, constructed in 1945, features two stories and a full basement with good ceiling heights, offering versatile space for creative office use, retail, restaurant, or event space. The second floor boasts clerestory skylights, providing abundant natural light. The property is zoned I and is available for sale at $499,000 ($57.49/sq ft). The net rentable area is 5,250 square feet. The building is classified as Class C and is offered as an owner/user investment with a NNN lease type. The property has been completely gutted, providing a blank canvas for your vision. This is a rare chance to capitalize on the rapid growth of this highly desirable area. Act quickly, as opportunities like this are quickly snatched up. The property consists of one building with two units. The occupancy date is February 11, 2021.
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
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.