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Midtown Redevelopment Opportunity 3201 Locust St 21,375 SF 100% Leased Industrial Building Saint Louis, MO 63103 $700,000 ($32.75/SF)
INVESTMENT HIGHLIGHTS
- Redevelopment Opportunity: 22,500 SF brick warehouse on .26-acre corner lot in the heart of Midtown’s Locust Business District.
- Steps from Grand Center, City Foundry, and Cortex with easy access to I-64, I-44, and I-70.
- Offered at $700,000 ($31/SF), well below replacement cost and supported by surrounding redevelopment momentum.
- Flexible Zoning: “H – Area Commercial” allows for retail, restaurant, office, multifamily, or mixed-use conversion.
- 1912 Brick Construction Suitable for Adaptive Reuse and is on the National Registry of Historic Places
- Adjacent Parking lot with 24 spaces available for lease.
EXECUTIVE SUMMARY
Located in the heart of Midtown’s Locust Business District, 3201 Locust Blvd offers ±22,500 SF of brick warehouse space on a ±0.26-acre corner lot surrounded by ongoing redevelopment. Zoned H – Area Commercial, the property supports a wide range of adaptive reuse or mixed-use concepts. Just steps from Grand Center, City Foundry, and Cortex, this site combines historic character with strong growth potential. An adjacent parking lot with 24 spaces is also available for lease, providing valuable convenience for future tenants or redevelopment plans.
PROPERTY FACTS
| Price | $700,000 | Rentable Building Area | 21,375 SF |
| Price Per SF | $32.75 | No. Stories | 2 |
| Sale Type | Investment | Year Built | 1912 |
| Sale Condition | Redevelopment Project | Parking Ratio | 1.07/1,000 SF |
| Property Type | Industrial | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | H - H - Area Commercial | ||
| Price | $700,000 |
| Price Per SF | $32.75 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Building Class | C |
| Rentable Building Area | 21,375 SF |
| No. Stories | 2 |
| Year Built | 1912 |
| Parking Ratio | 1.07/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | H - H - Area Commercial |
1 1
Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 1040-00-0040-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $169,100 |
PROPERTY TAXES
Parcel Number
1040-00-0040-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$169,100
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Midtown Redevelopment Opportunity | 3201 Locust St
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