Excellent opportunity to own a great property in an urban redevelopment area. This 97-year-old building underwent major building updates in 2008 bringing it into the 21st Century. In 2008 the owner of the property invested over a Million Dollars. The nature of most of the improvements was to all of the major building systems and components. When constructed, the building use was as a mercantile building housing a furniture store. The building had a freight elevator at the rear of the building and a passenger elevator from the 1st floor to the mezzanine. The rear lot is paved and can adequately park 20-25 cars. Additional land is available mostly through the LRA and the City of St. Louis has improved the property across the street for this building.

All successful projects hinge on Location, Timing, Building Strength, and Incentives. All four of these are present in this location and property. The Easton Development Corporation is planning for a groundbreaking in 2022 of a $7.4 million-dollar 16,000 SF mix-use development including storefronts, residences, and community space with a completion date of 2025. This proposed development is directly across the street from 5960 Dr. Martin Luther King, where over $1,000,000 was invested in 2008 in building improvements, including a sprinkler system, sewer, water, electrical and more. 5960 Dr. Martin Luther King is already constructed. The basic operating systems have been improved or are in place for expansion, making this an attractive development opportunity for any investor in this community. There are numerous tax incentives and funding mechanisms available to the developer. The purchaser of this 27,000 SF building will have a leg up on the new development by purchasing a solid structure ready for floor improvements for various uses, including retail, restaurant, meeting space, residential, offices, and so much more.