1926 Cherokee St 3,195 SF 100% Leased Retail Building Saint Louis, MO 63118 $887,552 CAD ($277.79 CAD/SF) 10.83% Cap Rate
INVESTMENT HIGHLIGHTS
- Multi-use residential rental and retail
- Popular street
EXECUTIVE SUMMARY
* Multi-use property located on Antique Row - a beautiful historic and popular street
* Third floor completely renovated in 2019 and rented to a residential tenant
* Cafe' is on the first floor and consistently pulls in revenue for the last 4 years of $160K/year
* Part of the first and all of the second floor is rented to a non-for-profit
* The new owner could operate it as is or convert areas to pull in more income.
* Third floor completely renovated in 2019 and rented to a residential tenant
* Cafe' is on the first floor and consistently pulls in revenue for the last 4 years of $160K/year
* Part of the first and all of the second floor is rented to a non-for-profit
* The new owner could operate it as is or convert areas to pull in more income.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$43,268
|
$13.54
|
| Other Income |
$147,001
|
$46.01
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$190,269
|
$59.55
|
| Taxes |
$9,201
|
$2.88
|
| Operating Expenses |
$24,962
|
$7.81
|
| Total Expenses |
$34,164
|
$10.69
|
| Net Operating Income |
$156,105
|
$48.86
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
3,195 SF
Building Class
C
Year Built/Renovated
1890/2019
Price
$887,552 CAD
Price Per SF
$277.79 CAD
Cap Rate
10.83%
NOI
$96,152 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.22
Lot Size
0.06 AC
Zoning
Commercial - Commercial, zoned for retail
Parking
4 Spaces (1.25 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
Walk Score®
Very Walkable (88)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 1550-00-0130-0 | Total Assessment | $94,032 CAD |
| Land Assessment | $2,013 CAD | Annual Taxes | $9,201 CAD ($2.88 CAD/SF) |
| Improvements Assessment | $92,019 CAD | Tax Year | 2024 |
