Rock Island Realty

9118 Lackland Road

St Louis, MO 63114

MLS#: 16018932

$115,000

Status: Closed
Listing number: 16018932
Listing provided by: Mike Fisher & Associates
Listing agent phone: None
Last update: N/A
On site: N/A
Browse Properties
Baldwin Place Amd - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1955

Sq.Footage

3,000

A fully leased two tenant building across from Overland City Hall & police station. 1,040 sq. ft. office space on one side leased to AG Edwards since 1995 with current monthly rent of $600 until June of 2017, escalating to $625 until June of 2019 then $650 until June of 2020. Side two leased to The Switch Stand, a unique model train shop with approximately 2,000 sq. ft. of retail space since 2009 at a monthly rate of $900 & desiring to stay with the right new owner fit. There is basement storage on side two as well. Calculated as total of 4,924 sq. ft. in tax records. Plenty of parking for 10 vehicles. Great investor cap rate of 7.5% at current rents. Roof less than 1 year old. 2,000 square foot side offers great retail presence plus 2,000 square foot basement storage. Can't get near this vs leasing especially with 4yrs left on Ag Edwards lease bringing in supporting income. Location: City, Retail Center

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Above Grade Finished Area

    3000.0

  • Basement YN

    NO

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Fireplace YN

    NO

  • Heating YN

    YES

  • Heating

    Electric, Natural Gas, Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Other, Brick

  • Parking

    Paved, Asphalt

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Lot Size(acres)

    0.294

  • Lot Size(square feet)

    12,807

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $115,000

  • Tax Amount

    $4,471

  • Financing Options

    Cash, Conventional

  • Sq. Footage

    3,000

  • Price/SqFt

    $38

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Sewer

    Public Sewer

  • Water Source

    Public

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Location

County

St. Louis-MO

Elementary School

Middle School

High School

Listing Courtesy of Michael Fisher, Mike Fisher & Associates

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AGENT

Susan Whittle

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(573) 286-5518

susan@homeatthelake.com


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A fully leased two tenant building across from Overland City Hall & police station. 1,040 sq. ft. office space on one side leased to AG Edwards since 1995 with current monthly rent of $600 until June of 2017, escalating to $625 until June of 2019 then $650 until June of 2020. Side two leased to The Switch Stand, a unique model train shop with approximately 2,000 sq. ft. of retail space since 2009 at a monthly rate of $900 & desiring to stay with the right new owner fit. There is basement storage on side two as well. Calculated as total of 4,924 sq. ft. in tax records. Plenty of parking for 10 vehicles. Great investor cap rate of 7.5% at current rents. Roof less than 1 year old. 2,000 square foot side offers great retail presence plus 2,000 square foot basement storage. Can't get near this vs leasing especially with 4yrs left on Ag Edwards lease bringing in supporting income. Location: City, Retail Center

9118 Lackland Road

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