Affordable Live/Work Spaces Don’t Come Along All That Often

Dawn Griffin Posted by
Investment Spotlight Oct 2010

I have a new listing which I am SUPER excited about because properties like these don’t come up that often and when they do they are rarely in this condition or this affordable. For instance, I just did an MLS search looking for commercial spaces in 63139 and 63109. I found a total of 27 properties listed. Of the 27 only 7 seemed to fit the LIVE/WORK criteria. (See their detailed MLS listings below). Of those only 3 were listed under 200K. One of those three listed under 200K, one is priced at $179,900 (just went under contract) but needs considerable updating both on the interior and the exterior. The other 4 range in price from $365,000-$525,000. Some are larger and so while the

2901 Macklind: Is situated at the corner of Odell and Macklind at the border of The Hill and the Southwest Garden Neighborhood. It is a corner lot store front building. The first floor is perfect for a photography studio(the current owner designed it for his wedding photography business) but could easily function as a art studio, gallery, design workshop or office. The second floor is a two bedroom apartment with LARGE, private bedrooms on opposite ends of the unit.  The living area has an open floor plan with LIVING ROOM, DINING ROOM and KITCHEN. The building has been completely renovated and is move-in ready. The first and second floor utilities can be operated separately so the owner could work downstairs and lease the apartment to help cover the mortgage. Or the new owner could choose to lease both spaces and acquire the building for investment purposes only.

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LOCATION: the location is ideal. From here you can walk to all the restaurants and shops on The Hill, the grocery store, Tower Grove Park and Sublette Park. It is a highly visable corner with plenty of parking on the intersecting residential streets.

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Check out the other six listings that offer LIVE/WORK opportunities as well.

5049 Devonshire: $145,900

4247 S. Kingshighway: $365,000

2700 Macklind: $390,000

3116 Ivanhoe: $520,000

3108 S. Kinsghighway: $525,000

5401-5403 Arsenal:$179,900 (Under Contract)

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