223 S High St 7,950 SF 100% Leased Retail Building Baltimore, MD 21202 $417,174 CAD ($52.47 CAD/SF)

List price to be opening bid at online only auction. Online auction to be conducted on Auctioneers website. Bidding begins Thursday, April 23rd, 2026 & ends Tuesday, April 28, 2026 at 1:00 PM.
Development Opportunity: Partially Renovated Mixed-Use Building in the Little Italy Neighborhood of Baltimore City
A premier development opportunity awaits at the corner of High and Stiles Streets in the heart of Baltimore’s historic Little Italy. Formerly home to the iconic Caesar’s Den Restaurant, this three-story building offers approximately 8,400 sq. ft. of above-grade area (per plans) and represents a versatile canvas for investors and developers alike.
The property is currently in the "rough-in" stage, featuring installed studs along with preliminary electrical and plumbing work. With the heavy lifting of demolition and initial framing complete, the purchaser is positioned to fast-track the final vision.
Investment Highlights
• Prime Corner Location: Exceptional visibility with 35’ frontage on S. High St and 80’ frontage on Stiles St.
• Flexible Development Paths: The property is being sold with two distinct sets of architectural plans, allowing you to choose the highest and best use for your portfolio:
Option 1: Ground-level commercial/retail unit with 7 residential units on the upper floors.
Option 2: Full residential conversion featuring 9 high-end units.
• Zoning: Zoned C-1 (Commercial), providing a wide array of permitted uses.
Location: The Charm of Little Italy
As described by LiveBaltimore.com, Little Italy is a "warm and inviting neighborhood" known for its deep cultural roots and vibrant atmosphere.
Home to more than 20 authentic Italian restaurants, trattorias, and cafes, the neighborhood offers a unique blend of old-world charm and urban convenience. Situated just east of the Inner Harbor and within walking distance to Harbor East, this location is a magnet for residents seeking a walkable, amenity-rich lifestyle.
Project Documents
Detailed architectural plans for both the mixed-use and full-residential configurations are available for review in the Documents section of the website.
Diligence Package: Copy of the purchase and sale agreement & assorted addenda are located in the documents section. In order to gain access, you must create a free account as well as accept a non-disclosure agreement.
Auction Notes: Online Auction Only! Bidding begins Thursday, April 23rd, 2026 & ends Tuesday, April 28, 2026 at 1:00 PM.
Online Bidding Notes: The initial deposit must be made via credit card, wire transfer or by Cashier's Check. Please review the online bidding terms and deposit transmittal form in the Documents Section for more details. If a lot receives a bid within the last 3 minutes. it will remain open for an additional 3 minutes. If any further bidding occurs, the extension timer will reset to 3 minutes. If no further bidding activity occurs, the lot closes when the timer runs out.