15320 Manchester Rd, Ellisville, MO 63011

Stable Income Stream with Long-Lease Tenants
Ellisville Commons is anchored by long-term, reliable tenants. These established businesses provide a consistent income stream, reducing vacancy risk and offering predictable cash flow. This long-term commitment from existing tenants demonstrates the desirability of the location and the overall health of the business environment.

Strategic Tenant Mix of retail and office
The Property features a strategic layout with prominent retail spaces on the ground floor, maximizing visibility and foot traffic. Complementing this, well-appointed office spaces on the second floor offer a diverse tenant base and potential for synergistic business relationships. This mixed-use design creates a dynamic environment, attracting a wide range of businesses and customers.

Significant Land Value with a Generous Back Lot
Benefit from the substantial land value inherent in this property, particularly with the large, underutilized lot at the rear. This expansive area offers numerous possibilities for future development, expansion, or enhanced amenities, providing significant upside potential for the savvy investor. This could include additional parking, outdoor seating, storage, or even a future expansion of the building itself, adding considerable value over time.

Dynamic Trade Area
The Property is surrounded by affluent demographics with a 3-mile population of 76,825 that boast average household incomes of approximately $178,615. Located in one of St. Louis’ most dynamic trade areas with 2.2 million sf of retail within 1-mile of the subject that includes category leading national retailers such as Lifetime Fitness, Aldi, Hobby Lobby, Ross, Marshall’s, Petco, Petsmart, CVS, Starbucks and many others.

Opportunity for Value Enhancement
With a stable base of long-term tenants and a significant back lot, the Property offers a solid foundation with the potential for future value enhancement. The new owner can explore opportunities to increase rental rates and develop the back lot, all of which can drive significant returns on investment.

Significant Capital Expenditures
An investment of more than $550,000 since 2017 encompassed significant improvements to the building’s structure and aesthetics. These included five TPO roof systems, exterior upgrades with brick, stone veneer, and EIFS, new commercial-grade windows, and comprehensive interior renovations such as new flooring, drywall, painting, and finish carpentry. The project also incorporated essential mechanical and electrical upgrades, including five rooftop HVAC systems installed, LED lighting, and Cat 6 data wiring. Parking lot repairs, bathroom renovations, and the addition of a staircase and lobby enhancements, along with landscaping, further contributed to the extensive scope of the project.