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2719-2729 & 2709-2711 Cherokee St St. Lo 2 Retail Properties Offered at $3,047,528 CAD in Saint Louis, MO
Investment Highlights
- Historic 1927 property featuring the renowned Casa Loma Ballroom with 18,000 sq. ft. of event space.
- Recent upgrades include new TPO roof, HVAC replacements, and boiler installations.
- Flexible commercial zoning suitable for multiple uses, including entertainment and retail.
- Two-building portfolio with five existing tenants and income upside potential.
- Located in the thriving Cherokee Street district, a hub for retail, dining, and cultural activity.
Executive Summary
This offering presents a rare opportunity to acquire two historic commercial buildings in the heart of St. Louis’ vibrant Cherokee Street district. Built in 1927, the property spans approximately 25,750 sq. ft. and includes the iconic Casa Loma Ballroom, an 18,000 sq. ft. event venue renowned for its architectural character and versatility. The ballroom is ideal for hosting concerts, conferences, weddings, and creative productions, making it a unique asset for investors seeking income-generating potential with cultural significance.
The sale includes two buildings with five existing leases generating approximately $11,800 in monthly income, with significant upside potential as current rents are well below market. Recent capital improvements include a new TPO roof within the last five years, updated HVAC systems, and three new boilers installed in 2023. Zoned for commercial use, the property is positioned in a dynamic corridor surrounded by retail, dining, and entertainment venues, offering strong long-term appreciation prospects.
The sale includes two buildings with five existing leases generating approximately $11,800 in monthly income, with significant upside potential as current rents are well below market. Recent capital improvements include a new TPO roof within the last five years, updated HVAC systems, and three new boilers installed in 2023. Zoned for commercial use, the property is positioned in a dynamic corridor surrounded by retail, dining, and entertainment venues, offering strong long-term appreciation prospects.
Property Facts
| Price | $3,047,528 CAD | Number of Properties | 2 |
| Price / SF | $104.52 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 29,158 SF |
| Status | Active | Total Land Area | 0.38 AC |
| Price | $3,047,528 CAD |
| Price / SF | $104.52 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 29,158 SF |
| Total Land Area | 0.38 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2719-2729 Cherokee St, Saint Louis, MO 63118 | Retail | 25,750 SF | 1928 | - |
| 2709-2711 Cherokee St, Saint Louis, MO 63118 | Retail | 3,408 SF | 1925 | - |
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2719-2729 & 2709-2711 Cherokee St St. Lo
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