Listed by Mid-America Real Estate Corporation, Mid-America Real Estate
Unpriced
Central Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 164,268
NOI $1,565,902
Occupancy 81.6%
Tenancy Multi
Year Built 1970
Year Renovated 2012
Buildings 4
Acreage 16.640
Parking Spaces 858 spaces
Parking Per SqFt 5.22
Investment Type Value Add
Ground Lease No
Retail | 164,268 SqFt
Marketing description
Mid-America Real Estate Corporation and Mid-America Real Estate Group - Missouri, LLC have been retained on behalf of the owner to sell the 100% fee simple interest in Central Plaza. The offering represents a rare opportunity to acquire an 81.6% leased shopping center anchored by strong national tenants with substantial upside potential that is strategically located in the heart of the dominant regional trade area serving the western St. Louis suburbs.
Investment highlights
- Anchored by Ross Dress for Less, Dollar Tree, Five Below, Old Navy, and Pet Supplies Plus, the center will benefit from the addition of Salvation Army, which is anticipated to open in October 2026. Recent shop leasing includes Omaha Steaks, PayMore, Spice Mantra, and a soon to be announced national tenant, along with recent Five Below and Jan's Hallmark renewals.
- Central Plaza is positioned adjacent to the grocery anchored Ballwin Plaza, which is anchored by Schnucks, Marshalls, Hobby Lobby, and Buffalo Wild Wings, sharing cross access and providing terrific cross shopping traffic for its tenants.
- Central Plaza is ideally situated in the Manchester Road regional trade area, which features over 5 million square feet of retail space. Other nearby centers include national retailers such as Costco, Walmart, Target, Lowe's Home Improvement, Nordstrom Rack, Menards, Sam's Club, among many others. The east end of the market is anchored by West County Center, a 1.2 million square foot enclosed super regional mall anchored by Nordstrom, Macy's, JCPenney, Dick's Sporting Goods, and Apple.
- Ballwin is located in western St. Louis County and features one of the most desirable suburban demographic profiles in the metropolitan area: within a 5-mile radius, the population of over 165,000 earns average household incomes over $181,000 and median home values of $402,000, along with 76% of residents holding at least a college degree.
- Central Plaza benefits from prominent frontage along Manchester Road, the area's major commercial thoroughfare with traffic counts in excess of 38,000 vehicles per day, with traffic lit access and a shallow parking field providing outstanding visibility and window-line for all of its tenants. The property is further supported by its proximity to Highway 141 (47,055 VPD) less than 3 miles east and Clarkson Road (20,815 VPD) only 1.5 miles west, as well as 6 miles from a full interchange with Interstate 270, providing direct connectivity to the greater St. Louis metro area. These corridors position Central Plaza as a convenient retail destination for the residents of Ballwin and the surrounding communities including Manchester, Ellisville, Chesterfield, Town & Country, and Des Peres. The property is 21 miles west from Downtown St. Louis.
- Central Plaza features a unique opportunity to create near-term value in a historically well occupied center by adding an additional anchor tenant with the lease-up of a 30,244 square foot vacant box (former JoAnn), potentially adding over $500,000 in gross income. Average in-place rents are also 13% below the current market rents, offering additional potential accretive growth to the income stream over a long-term hold.
Listing Contacts
Listed by Mid-America Real Estate Corporation, Mid-America Real Estate
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$1,565,902.00
$130,491.83/mo
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Zoning
C-1 CommercialGeneral CommercialCommercial
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View all 33 uses Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics
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