3-story historic building ~80% leased at market and below-market lease rates in downtown St. Louis. This property is state & federal historic tax credit eligible. The current owner has retired to Florida and wants to sell. Perfect for an owner-user or investor looking to buy on a high CAP rate and hold the property until the next up-cycle to sell on a low CAP rate. This property was purchased for $1,500,000 by the owner in 2005 vacant, with no roof, no windows and no interior systems. The owner then spent another $1,700,000+ in hard costs and fully-renovated the property from 2005-2007 with all new electric, mechanical, plumbing, life-safety, elevator, water sprinkler, etc. Fast-forward to present day: the property now has a new roof, new window sills, new tuck pointing, new window work and more. Exterior envelope is essentially new on this property. The entire interior is fully built out and leased to office and retail users. This property is located in the heart of the "loft district" where tens of millions of dollars of investments are flowing in updating nearby loft apartments, restaurants, etc. The St. Louis Convention & Visitors Center and Gateway Arch are about ten to fifteen blocks east (a 10-minute walk). Close to mass transit (the Metrolink); the state, city and federal court houses; hotels; restaurants; City Museum; St. Louis Central Library; the new $1.7B National Geospatial-Intelligence Agency (NGA) West; and much more.