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About the Listing LALX01 - SLSMITH1
MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or other legally permitted uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements and redevelopment approvals. Also listed in the Commercial category under MLS #26054395. Owner/Agent
Listing Highlights
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Ductless,Electric,Multi Units
- Heating: Natural Gas
- Fireplaces:
- Floor: Ceramic Tile,Plank
- Above Ground Sq Ft: 5560
- Below Ground Sq Ft: n/a
- Basement: 8 ft + Pour,Unfinished,Walk-Out Access
- Other:
- Water: Public
Exterior Details
- Lot Description: City Lot,Corner Lot,Level
- Garage Capacity: N/A
- Roof: Flat
- Others: Fixer,Updated/Remodeled
- Sewer:
- Parking Features: Off Street,Parking Pad
Financial Details
- Tax Amount: $262
- Taxes w/Assessments: N/A
- Tax/Property ID: 1453-9-160-0
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3124 Magnolia Ave St Louis, MO 63118
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