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3147 Cherokee St
Saint Louis, MO 63118
Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Sale-leaseback structure with a new five-year lease at closing
- Mixed-use configuration with restaurant and apartment potential
- Convenient rear and street parking for tenants and customers
- Prime location on Cherokee Street’s vibrant commercial corridor
- Recent building upgrades enhancing long-term value
- Flexible second-floor layout offering additional income opportunities
EXECUTIVE SUMMARY
This investment property on vibrant Cherokee Street offers a rare sale-leaseback opportunity with immediate income. The seller will execute a new five-year lease at closing, ensuring stability for investors. The building features a well-maintained restaurant space on the ground floor and a flexible second floor that can be converted into a two-bedroom apartment, creating additional revenue potential. Recent upgrades enhance the property’s appeal, while rear and street parking add convenience. Located in a thriving corridor known for its eclectic mix of dining, retail, and cultural attractions, this asset positions buyers to capitalize on strong foot traffic and neighborhood growth. With multiple income streams and value-add upside, this property is ideal for investors seeking long-term returns in one of St. Louis’s most dynamic districts.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,752 SF
Building Class
C
Year Built
1909
Price
$395,000
Price Per SF
$143.53
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.09 AC
Zoning
G
PROPERTY TAXES
| Parcel Number | 1502-00-0370-7 | Improvements Assessment | $61,500 |
| Land Assessment | $3,940 | Total Assessment | $65,440 |
PROPERTY TAXES
Parcel Number
1502-00-0370-7
Land Assessment
$3,940
Improvements Assessment
$61,500
Total Assessment
$65,440
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