$399,000

4021 Iowa Ave

St Louis MO, 63118

Description

This is a former catholic school, most recently used as a private art institute. There are no deed restrictions as is the case with many other former, usually public, schools. The school house character is still there, with historic trim, blackboards, gym, etc. Very large rooms and extremely high ceilings allow for attractive residential one and two-bedroom units. As much as 28,000 gross sqft of tremendous potential after total renovation. Sale can include plans for rezoning the former St. Thomas Of Aquinas School to 22 residential units. 19 Units have been approved for both State and Federal Tax Credits. Also included are building permits for 14 units initially. Copies of plans and tax credit details can be made available for review. Contact your agent for additional information. Property is offered as-is. Seller to provide no inspections or any repairs. Additional land behind the building can be included for additional parking (22 spots total, possibly more).

Details

MLS#19028002
Sub-TypeResale
StatusActive
Year1932
Days On Site152

Features

SQ Feet28,000
Story(s)3
ZoningZone B

Market Activity 63118

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Area Information

StateMO
CountySt Louis City
CitySt Louis
Zip Code63118
AreaCentral East
Listing VS Median (in 63118)
Price:
$399,000
low | high
Med:
$99,000
100% of Average
SqFt:
28,000
low | high
Med:
3,680
100% of Average
$ / SqFt:
$14
low | high
Med:
$27
38.787185354691% of Average
On Site:
152
low | high
Med:
65
100% of Average
Listing Updated: 09/17/2019
MLS Number: 19028002
Listing Provided By:
Sebastian Bautz  of  Goodman Bautz