Karen & Dan Hoemeke - Coldwell Banker Premier Group
8201 Minnesota Ave
St Louis, MO 63111

$1,550,000

Description

This historic building has been completely renovated and has been leased and used as an accredited school by the former tenant continuously for the past 8 years. It is now available for a new tenant's lease or to be sold outright. It's move in ready, certified to operate and ready to go. 12 classrooms plus offices, a gym, cafeteria,and other rooms and areas for storage allow an enrollment of about 300 students. There's a large well-equipped playground and recreation area in front plus ample parking. $4,800,000 was spent to bring this school building back to life and into the 21st century from it's original construction almost 150 years ago. It may even come with some furnishings. Based upon the projected rent and known expenses this is priced at a 10 cap for investors who have a tenant for it already. Also now available to rent as a whole or individual classrooms for art studios or offices; starting at just $250 per month with utilities included!! Move in spaces are available now!

Details

MLS#18046766
Sub-TypeResale
StatusActive
Year1872
Days On Site214

Features

SQ Feet24,281
Story(s)3
Zoningcommercial

Market Activity 63111

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63111
AreaSouth City
Listing VS Median (in 63111)
Price:
$1,550,000
low | high
Med:
$94,900
100% of Average
SqFt:
24,281
low | high
Med:
1,590
100% of Average
$ / SqFt:
$64
low | high
Med:
$64
50.384857612654% of Average
On Site:
214
low | high
Med:
69.5
100% of Average
Listing Updated: 01/15/2019
MLS Number: 18046766
Listing Provided By:
Jaymes Dearing  of  RE Source LLC