Jim Alexander 3149540540

1926 Cherokee St 3,195 SF 100% Leased Retail Building Saint Louis, MO 63118 $640,000 ($200.31/SF) 10.83% Cap Rate

INVESTMENT HIGHLIGHTS

Multi-use residential rental and retail

Popular street

EXECUTIVE SUMMARY

* Multi-use property located on Antique Row - a beautiful historic and popular street
* Third floor completely renovated in 2019 and rented to a residential tenant
* Cafe' is on the first floor and consistently pulls in revenue for the last 4 years of $160K/year
* Part of the first and all of the second floor is rented to a non-for-profit
* The new owner could operate it as is or convert areas to pull in more income.

1926 Cherokee Street Brochure_REDUCED PRICE 10102024

FINANCIAL SUMMARY (ACTUAL - 2024)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$31,200	$9.77
Other Income	$106,000	$33.18
Vacancy Loss	-	-
Effective Gross Income	$137,200	$42.94
Taxes	$6,635	$2.08
Operating Expenses	$18,000	$5.63
Total Expenses	$24,635	$7.71
Net Operating Income	$112,565	$35.23

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income
Annual	$31,200
Annual Per SF	$9.77

Other Income
Annual	$106,000
Annual Per SF	$33.18

Vacancy Loss
Annual	-
Annual Per SF	-

Effective Gross Income
Annual	$137,200
Annual Per SF	$42.94

Taxes
Annual	$6,635
Annual Per SF	$2.08

Operating Expenses
Annual	$18,000
Annual Per SF	$5.63

Total Expenses
Annual	$24,635
Annual Per SF	$7.71

Net Operating Income
Annual	$112,565
Annual Per SF	$35.23

PROPERTY FACTS

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront Retail/Residential

Building Size

3,195 SF

Building Class

Year Built/Renovated

1890/2019

Price

$640,000

Price Per SF

$200.31

Cap Rate

10.83%

NOI

$69,334

Percent Leased

100%

Tenancy

Multiple

Building Height

3 Stories

Building FAR

1.22

Lot Size

0.06 AC

Zoning

Commercial - Commercial, zoned for retail

Parking

4 Spaces (1.25 Spaces per 1,000 SF Leased)

Frontage

72’ on Cherokee St

Signalized Intersection

TRAFFIC

COLLECTION STREET	CROSS STREET	TRAFFIC VOLUME	YEAR	Distance
Cherokee St	Salena St, E	2,160	2025	0.04 mi
Cherokee St	Illinois Ave, E	2,368	2018	0.16 mi
Not Available	Not Available, No	2,450	2020	0.22 mi
S Broadway	President St, W	1,841	2023	0.24 mi
South Broadway	President St, W	1,834	2025	0.24 mi
I- 55	Utah St, SE	48,592	2025	0.24 mi
I- 55	Utah St, N	99,938	2025	0.24 mi
Cherokee St	S Broadway, SE	3,933	2025	0.24 mi
President St	Cleon St, NW	1,915	2024	0.24 mi
Potomac St	S 2nd St, SE	2,181	2024	0.25 mi