USAMOSt LouisMarket Street & Choutcau Ave3501 Chouteau Avenue

3501 Chouteau Avenue, St Louis, MO

Name: 3501 Chouteau Avenue, For Sale in St Louis - eXp Realty
Brand: Manor Real Estate
SKU: 26025175
Price: 2750000 USD

House

For Sale

Listed price in listed location currency (USD).

$2,750,000

000

MLS® 26025175

Key Facts
Description
Map

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes $7,743

Days Active 17

Lot Size

Approx. Age

MLS® Number 26025175

Property Address: 3501 Chouteau Avenue, St Louis, MO, 63103

Average square foot calculated using Size range provided by listing agent.

Description

Rare urban development opportunity in the heart of Midtown St. Louis — 2 acres of investment-grade land positioned at the gateway to the city's newest and fastest-growing district, Prospect Yards. The Steelcote Prospect Yards Assemblage comprises two non-contiguous parcels totaling approximately 2.00 acres (+/-87, 120 SF) in City Block 2213: a +/-1.50-acre rectangular parcel fronting Papin Street (the hotel site) and a +/-0.50-acre Chouteau Avenue frontage parcel (the QSR/retail site), with Theresa Avenue providing secondary access on the eastern boundary. The subject site sits at the epicenter of over $2.8 billion in new construction activity that has transformed Midtown over the last decade. The seller, Pier Property Group, developed the award-winning Steelcote Square campus immediately adjacent — three phases of residential mixed-use totaling 153 units across Steelcote Lofts, Steelcote Crossing, and the ground-up Steelcote Flats (158, 000 SF, completed 2022). National retailers Target (70, 000 SF) and Topgolf anchor the immediate block. SSM Health's $550 million SLU Hospital and the under-construction Cardinal Glennon Children's Hospital sit directly across Chouteau Avenue — the single strongest demand driver for the proposed hotel use. Saint Louis University's North and South campuses flank the corridor, generating sustained hospitality and retail demand from 15, 000+ students, faculty, patients, and medical visitors daily. Architectural concept plans (Arcturis, January 2025) have been prepared depicting a 4-story, 100-key hotel with +/-100 surface parking spaces on the Papin parcel, and a 1-story commercial/QSR building (+/-2, 500-7, 500 SF) with drive-thru capability on the Chouteau frontage parcel. Current zoning is J-Industrial; rezoning will be required for hotel and/or retail uses. The site carries eligibility for Chapter 353 tax abatement through the St. Louis Midtown Redevelopment Corporation (SLMRC) — potentially providing up to 20 years of real estate tax abatement on improvements, a compelling economic incentive for any developer underwriting construction costs in the current environment. The parcels may be purchased together as a single +/-2.00 AC assemblage at $2, 750, 000, or separately: the North Parcel (Papin) at $2, 000, 000 and the South Parcel (Chouteau) at $750, 000. All-cash, 1031 exchange, or assumable mortgage structures will be considered.

MLS® Number26025175

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Apr 24, 2026List Date

$2,750,000List Price

Commute

Commute

Starting Address

Destination Address

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment

I want to view this property

By pressing "Take a Tour", I confirm that I have read and agree to the eXp Privacy Policy, and Terms of Use.

By pressing "Take a Tour", I am electronically signing and consenting to receive marketing comms about real estate brokerage and mortgage lending services, delivered via email, phone and/or text (using "automated technology" such as an automatic telephone dialing system, and/or an artificial or prerecorded voice), from eXp Realty® and its independent contractor real estate professionals and their affiliate SUCCESS® Lending using the contact information I provided. Your consent is not a condition of purchase and you may revoke it at any time by replying "STOP" to any texts. Text HELP for more info. Message and data rates may apply. You may also contact us directly at 1-844-683-4664.

Similar Listings

Comparable Properties

Explore eXp Find an Agent Join eXp Investor Relations Company Careers Home Guides

eXp Life Zoocasa SUCCESS®SUCCESS® Lending eXp Revenos eXp Commercial eXp Luxury eXp Land and Ranch Accessibility

Terms and Conditions Privacy Rights Request Privacy Policy Cookie Policy Brand Guidelines Help Sitemap

2219 Rimland Drive, Suite 301, Bellingham, Washington, 98226

1 833-303-0610

[email protected]

eXp REALTY

DMCA Notice

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply

Fair Housing and Reasonable Accommodations

MLS Compliance Statements

Karen Richards - Designated Managing Broker, Broker Operations - TX

Texas Real Estate Commission information about brokerage services

Texas Real Estate Commission Consumer Protection Notice

eXp Realty® is committed to adhering to the guidelines of The New York State Fair Housing Regulations.The Fair Housing Notice →

*Standardized Operating Procedure for Purchasers of Real Estate Pursuant to Real Property Law 442-H.Learn More →

eXp Realty of California, Inc. | CA DRE# 01878277 | Deborah Penny - Designated Broker

eXp Realty of Southern California, Inc. | CA DRE#01325837 | Jason Crawford – Designated Broker

eXp Realty of Greater Los Angeles, Inc. | CA DRE# 01240990 | Mike Mendibles - Designated Broker

eXp Realty of Northern California, Inc. | CA DRE# 01951343 | Ryan Rosas - Designated Broker