Property Description

**New Listing | Commercial Investment Opportunity**Discover an exceptional income-producing property. Completely rebuilt and fully renovated Mixed-Use historic building in the heart of Carondelet's business district. Everything new and replaced in 2019. This expansive 6,000-square-foot commercial offering spans multiple addresses, delivering a versatile layout featuring a kitchen, 2 handicap accessible bathrooms, 12 offices, a conference room and an open retail space + 3 basements, not included in the square footage. This space is also available for lease at only $8 per SF modified gross or $4,000 monthly rent. The 2 apartments upstairs on the 3rd floor are rented with leases but with an option to become available for the purchaser, if needed.- an ideal configuration for maximizing rental revenue across multiple units. The building is currently bringing in $5,450.00 monthly in income for the 8 occupied spaces with a possibilty of and additional income of $2,400.00 for the remainaing 4 vacant spaces. Built with enduring quality in mind, this property showcases solid construction that has stood the test of time. Thoughtful renovations have modernized key areas while preserving the structural integrity that makes this building a reliable long-term investment. Updated finishes and improvements throughout enhance tenant appeal, ensuring competitive occupancy rates and steady cash flow for savvy investors.The concrete parking lot with 20 space is a standout advantage here, offering tenants the convenience that drives retention and attracts new renters in a competitive market. The surrounding neighborhood enhances the property's appeal with everyday conveniences nearby. St. Louis Square Park sits just steps away, providing green space and recreation. Essential services, including fuel and grocery options along Bates Street, are easily accessible. Public transit connections at the Broadway and Holden bus stop keep commuters linked to the greater metro area, while Notre Dame High School serves families in the community.Whether you're expanding your portfolio or entering the investment arena, this property offers compelling rental income potential backed by quality construction and smart updates. Schedule your showing today. Broker/Owner owned.

Property Features