Opportunity to own 3 parcels of land located on Manchester Road in Des Peres. Great investment property or redevelopment opportunity. The 3 parcels consist of 1 fully leased commercial building, 2,250 sf with 3 tenants at 12030 Manchester Road and 2 residential home parcels adjacent (behind) the commercial building at 1087 & 1091 Kinstern Drive. 1091 Kinstern is 1200 sf, 3 bedroom 1 bath with basement and 1 car garage, 1087 Kinstern is 1075 sf, 2 bedroom, 1 bath, basement and 1 car garage. All 3 parcels have been zoned commercial for any redevelopment but current use residential is allowed. Commercial building has three tenants currently, each residential property has a tenant currently. All are on month to month leases to allow options for new owner. Secure term leases with increases to market rates and improve NOI or end leases and make all parcels available for redevelopment, options are open. Current lease income less taxes and insurance is generating NOI of $80,000.
The median home value in Saint Louis, MO is $545,500. This is higher than the county median home value of $248,000. The national median home value is $338,100. The average price of homes sold in Saint Louis, MO is $545,500. Approximately 92.07% of Saint Louis homes are owned, compared to 4.14% rented, while 3.8% are vacant. Saint Louis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Saint Louis real estate agent to arrange a tour today!
Saint Louis, Missouri 63131 has a population of 9,096. Saint Louis 63131 is more family-centric than the surrounding county with 40% of the households containing married families with children. The county average for households married with children is 29.08%.
The median household income in Saint Louis, Missouri 63131 is $194,286. The median household income for the surrounding county is $72,562 compared to the national median of $69,021. The median age of people living in Saint Louis 63131 is 42.5 years.
The average high temperature in July is 88.9 degrees, with an average low temperature in January of 23 degrees. The average rainfall is approximately 43.4 inches per year, with 13.7 inches of snow per year.