$2,900,000
$2,975,000
2.5%For more information regarding the value of a property, please contact us for a free consultation.
6900 Chippewa ST St Louis, MO 63109
Key Details
Sold Price $2,900,000
Property Type Commercial
Sub Type Retail
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 25055078
Sold Date 09/30/25
Year Built 1989
Annual Tax Amount $31,400
Property Sub-Type Retail
Property Description
Fully Occupied and Incredibly maintained strip mall in Saint Louis Hills just steps from Ted Drewes on Chippewa. This parcel features 5 long term tenants. All leases have long term leases still in place and TUAC Urgent Care has rent bumps as well. Property is on the Hard Signalized Corner of Jamieson and Chippewa. Property has 54 Parking Spots and has been recently stripped. New EPDM with a 10 year warranty has well property is Grossing nearly 275k as it sets. This is an exceptional opportunity to purchase a turn key asset that is close to Starbucks, Target, Arbys and main other national tenants!TUAC Urgent Care: $13,656.00 (Lease through February 2034) (6500 +/- Sq ft) (Rent Bimp to $14739 in 2029)
Peoples Cleaners: $2000.00 (Lease through 2026) (1000 +/- Sq ft)
Pit Stop Convenience: $1834.00 (Lease through September 2030) (1000 +/- Sq ft)
Edward Jones: $1865.00 (Lease through August 2026) (1000 +/- Sq Ft)
Subway: $2200.00 (Lease through August 2029) (1000 +/- Sq ft)
Rental Income with CAM Reimbursements totaled $266,528 for the year 2024.
The Net Income on the Parcel in 2024 was $208705.00 after taxes, Ins, and Management Fees.
Location
State MO
County St Louis City
Area 3 - South City
Interior
Fireplace N
Exterior
View Y/N No
Building
Structure Type Block
Others
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Special Listing Condition Standard
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Bought with Tu Nguyen
