3312-3320 Meramec St, St Louis, MO 63118

Property Description

Amazing opportunity to own a turnkey 11 unit mixed use building in the heart of the Downtown Dutchtown business district. Six commercial units are home to local businesses and five ENORMOUS apartments with high ceilings, original woodwork and some skylights and some (nonfunctional) fireplaces occupied with one available for viewing, units have walkout to street level in the front and the parking lot in the back. Layouts of the apartments are such that they could qualify as 2 or 3 bedrooms, you choose! Home to a beauty and barber shop, one currently available retail/commercial space with 2 bathrooms, and various apparel and accessory stores, this building is in the perfect location. Tenants are stable, pay on time, and manage their own repairs and maintenence. Many tenants have been in place nearly a decade or more. One apartment held open for showings. This building offers a rare chance to establish a presence in a neighborhood on the upswing. The mix of commercial storefronts and residential units provides multiple income streams, with significant value-add potential through strategic renovation, leasing improvements, and creative tenant curation. Whether you envision boutique retail, local services, or mission-driven enterprises at street level—and modern, affordable housing or artist lofts above—this building can anchor your investment in both community and cash flow.