1451 Mullanphy St - Office FOR SALE


Saint Louis, MO 63106- Old North St Louis
$700,000 USD
636-999-9991
1451 Mullanphy St, Saint Louis, MO for Sale
$700,000 USD
Office - FOR SALE
1/10
null | 10.21% Cap Rate

Jan '27


1451 Mullanphy St
Saint Louis, MO 63106
Old North St Louis


HIGHLIGHTS

  • Prime Positioning set up for long-term demand growth
  • Move-in ready with major capex completed
  • Multiple Uses

OVERVIEW

1451 Mullanphy Street is a well-maintained, single-story brick office building offering approximately 6,000 SF of finished space plus an additional ~6,000 SF basement level, all situated on a generous 1.1-acre lot in St. Louis's 14th Ward. Built in 2003, the multi-tenant property features 15 private offices, a conference room, reception area, kitchen, and ADA-compliant restrooms and parking — an ideal, low-maintenance investment for a buyer looking to unlock upside. Value-add opportunity: in-place rents have not been increased in several years, creating immediate room to reposition to market rates. The ~6,000 SF basement is currently underutilized and offers strong potential for conversion to self-storage or contractor/inventory storage, adding a new income stream. Recent capital investment reduces near-term capex needs: new roof (2024, $33K) and full exterior remodel — soffit, fascia, gutters, downspouts (2025, $18K) — plus new flooring and paint throughout most offices, hallways, reception, and kitchen (2024–2025). The lot is fully fenced/gated with 12-camera surveillance and a monitored alarm system. Located just 1.2 miles from the new $1.7B National Geospatial-Intelligence Agency campus (opened 2025) and 1.6 miles from downtown St. Louis, the property sits in a Neighborhood Commercial zoning district permitting general/professional offices, medical offices, retail, and financial institutions.

FOR SALE DETAILS

PRICE

$700,000 USD

PRICE/SF

$116 USD /SF

CAP RATE

10.21%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Medical, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2003

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0616-00-0140-0

ASK ABOUT THIS PROPERTY

Saad SukheraSukhera RealtyMore Info
636-999-9991

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Saad SukheraSukhera RealtyMore Info
636-999-9991

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.