MIXED-USE REDEVELOPMENT OPPORTUNITY WITH POTENTIAL SELLER FINANCING. Unique opportunity in historic Tower Grove East. This approximately 5,560-square-foot corner building offers exceptional flexibility for an owner-user, investor, entrepreneur or developer. The updated main level, formerly operated as a convenience store and deli, may accommodate retail, professional services, salon/beauty, food service or other legally permitted 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 and redevelopment approvals. Also listed in the Commercial category under MLS #26054395. Owner/Agent
Active
Listed by: Linda Alexander Real Estate LLC • Linda Alexander • 314-713-0864
$359,900
3124 Magnolia Ave, Saint Louis, MO 63118
--beds
--baths
5,560sqft
Multi Family
Built in 1907
-- sqft lot
$-- Zestimate®
$65/sqft
$-- HOA
What's special
Select main-level renovationsStorefront windowsUpdated main levelCorner buildingNewer upper-level windows
- 32 days
- 164
- 5
Zillow last checked:
Listing updated:
Listed by:
Linda Alexander 314-713-0864,
Linda Alexander Real Estate LLC
Source: MARIS,MLS#: 26051288
Originating MLS: St. Louis Association of REALTORS
Facts & features
Interior
Heating
- Natural Gas
Cooling
- Ductless, Electric, Multi Units
Features
- Flooring: Ceramic Tile, Plank
- Basement: Unfinished,Walk-Out Access
- Has fireplace: No
Interior area
- Total structure area: 5,560
- Total interior livable area: 5,560 sqft
- Finished area above ground: 5,560
Property
Parking
- Parking features: Off Street, Parking Pad
Features
- Fencing: Partial
Lot
- Size: 1,655 Square Feet
- Features: City Lot, Corner Lot, Level
Details
- Parcel number: 145391600
- Special conditions: Listing As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Traditional
- Property subtype: Multi Family
Materials
- Brick, Other
- Roof: Flat
Condition
- Fixer,Updated/Remodeled
- New construction: No
- Year built: 1907
Utilities & green energy
- Electric: Ameren
- Water: Public
- Utilities for property: Cable Available, Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available
Community & HOA
Community
- Subdivision: Lynch Add
HOA
- Has HOA: No
Location
- Region: Saint Louis
Financial & listing details
- Price per square foot: $65/sqft
- Annual tax amount: $262
- Date on market: 8/27/2026
- Listing terms: Conventional,Owner Will Carry,Private Financing Available
- Ownership: Private
- Electric utility on property: Yes
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/27/2026 | Listed for sale | $359,900$65/sqft |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Tower Grove East
Nearby schools
Schools provided by the listing agent
- Elementary: Shenandoah Elem.
- Middle: Long Middle Community Ed. Center
- High: Roosevelt High
Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.







