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3147 Cherokee St 2,752 SF 100% Leased Retail Building Saint Louis, MO 63118 $549,682 CAD ($199.74 CAD/SF)



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
$549,682 CAD
Price Per SF
$199.74 CAD
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.69
Lot Size
0.09 AC
Zoning
G
Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1502-00-0370-7 | Improvements Assessment | $84,548 CAD |
| Land Assessment | $5,417 CAD | Total Assessment | $89,965 CAD |
PROPERTY TAXES
Parcel Number
1502-00-0370-7
Land Assessment
$5,417 CAD
Improvements Assessment
$84,548 CAD
Total Assessment
$89,965 CAD
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3147 Cherokee St
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