8201 Minnesota Avenue
8201 Minnesota Avenue St. Louis, Missouri 63111 United States

$1,750,000
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Listing Courtesy of RE Source, LLC This historic building has been completely renovated and has been leased and used as an accredited school by the former tenant continuously for the past 8 years. It is now available for a new tenant's lease or...
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$1,750,000
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Price / Sq. Ft.:
$72 /
24,281 Sq Ft.
Interior
.51 Acres
Exterior
Commercial
18046766
Web Id
18046766
MLS ID
City/St Louis
Subdivision
St. Louis City School District
School District
184
days ago

About 8201 Minnesota Avenue

Listing Courtesy of RE Source, LLC

This historic building has been completely renovated and has been leased and used as an accredited school by the former tenant continuously for the past 8 years. It is now available for a new tenant's lease or to be sold outright. It's move in ready, certified to operate and ready to go. Classes could even start this semester, if you act fast. 16 classrooms plus offices, a gym, cafeteria,and other rooms and areas for storage allow an enrollment of about 300 students. There's a large well-equipped playground and recreation area in front plus ample parking. $4,800,000 was spent to bring this school building back to life and into the 21st century from it's original construction almost 150 years ago. It can now be yours for one third of that price and you don't have to spend a year building it. It may even come with some furnishings. Based upon the projected rent and known expenses this is priced at a 10 cap for investors who have a tenant for it already or want us to place one for them.

PROPERTY INFORMATION

Cooling
Central-Electric
Heating
Forced Air
Parking Description
Parking Lot, Paved Asphalt
Sewer
Public
Water
Public

EXTERIOR

Construction
Conventional