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3124  Magnolia Avenue

3124 Magnolia Avenue

St Louis, MO 63118

For Sale MLS# 26054395 15 days on market

$359,900

0.038

Acres

About This Property

MIXED-USE COMMERCIAL REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Approximately 5,560 square feet in a two-story corner building located in historic Tower Grove East. The updated main level, formerly operated as a convenience store and deli, offers potential for retail, professional services, salon/beauty, food service or other legally permitted commercial uses. The upper level, formerly configured as two residential units, is currently gutted and ready for redevelopment. The former residential units are not presently configured for occupancy and will require redevelopment and applicable governmental approvals. Improvements include newer upper-level windows, storefront windows and select main-level renovations. Convenient access to I-44, I-55, I-64, downtown St. Louis and surrounding neighborhoods. Property is offered AS-IS, WHERE-IS; seller will make no repairs. Seller financing may be available to qualified buyers submitting a full-price offer, subject to underwriting, seller approval and definitive financing documents. Buyer must independently verify zoning, permitted uses, occupancy requirements, licensing and redevelopment approvals. Also listed in the Residential Income category under MLS #26051288. Owner/Agent

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Property Details

MLS#26054395
StatusFor Sale
Property TypeCommercial Sale
Property Sub-TypeMixed Use
Year Built1907
Lot Size Acres0.038
SubdivisionLynch Add
Parking Total2
HeatingNatural Gas
CoolingDuctless, Electric, Multi Units
WaterPublic
Annual Taxes$262 (2025)

Listing History

Listed: August 27, 2026 (15 days on market)

Viewed 3 times on this site.

Brokered by Linda Alexander Real Estate LLC Broker Reciprocity MARIS