This offering presents a rare opportunity to acquire two historic commercial buildings in the heart of St. Louis’ vibrant Cherokee Street district. Built in 1927, the property spans approximately 25,750 sq. ft. and includes the iconic Casa Loma Ballroom, an 18,000 sq. ft. event venue renowned for its architectural character and versatility. The ballroom is ideal for hosting concerts, conferences, weddings, and creative productions, making it a unique asset for investors seeking income-generating potential with cultural significance.
The sale includes two buildings with five existing leases generating approximately $11,800 in monthly income, with significant upside potential as current rents are well below market. Recent capital improvements include a new TPO roof within the last five years, updated HVAC systems, and three new boilers installed in 2023. Zoned for commercial use, the property is positioned in a dynamic corridor surrounded by retail, dining, and entertainment venues, offering strong long-term appreciation prospects.