Mixed-Use Property in Dogtown Near Clayton

Outstanding Location:

This highly visible mixed-use building in Dogtown offers a rare opportunity just a short walk from Forest Park. Conveniently located near DeMun, Washington University, The Loop, and Downtown Clayton, with easy access to Highway 40 / Interstate 64, this property sits in one of St. Louis’ most sought-after areas.

Property Overview:

Built in 1915 and meticulously maintained, this 3,240-square-foot brick building spans two floors, each measuring 1,620 square feet. The first floor is a commercial space currently leased as an office, with the tenant vacating in April 2025. The second floor is a spacious three-bedroom, two-bath residence with a variance allowing for commercial use, also occupied by the current tenant. The basement provides additional workspace, currently utilized by the same tenant.

Versatile Use Potential:

This property presents multiple opportunities:

• Ideal for an owner-occupant seeking a live/work space.
• Suitable for full commercial use.
• The first-floor commercial space can continue as office space or be converted for retail use.

Parking & Additional Features:

A fenced parking lot at the rear of the building provides eight parking spaces. The building also features an attached enclosed porch on the second floor, adding functional space to the property.

Investment Potential:

• The average rental income for three-bedroom, 1.5+ bath apartments within a two-mile radius is $2,737 per month. The estimated pro forma rent for the second-floor apartment is $2,200 per month.
• The estimated pro forma rent for the commercial space is $2,265 per month, calculated at $16.78 per square foot.

Recent Updates & Improvements:

• 2015: Laminate flooring installed on the first floor, tiling installed on the second floor.
• 2016: The water heater and the east side gutter/downspout were both replaced.
• 2017: New TPO roof (complete tear-off), new second-floor A/C unit, tuckpointing of parapets and roof-related brickwork, tuckpointing of the north and east walls, and exterior building painting.
• 2018: Partial basement waterproofing with channels cut.
• 2023: Interior painting of the first and second floors, new carpet installed on the second floor, and additional basement waterproofing and sealing.

A Virtual Tour of the Building is Available:

https://my.matterport.com/show/?m=rMptFBVh1mD&mls=1