# 3501 Chouteau Avenue, Saint Louis, MO 63103

> **TL;DR:** commercial, $2,750,000. Est. $11,917/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $2,750,000 |
| Lot Size | 87,120 sqft (2.00 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $11,917 |
| **Total** | **$11,917** |

## Property Highlights

- 2.00 acre lot

## Description

### 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.

## Location

- **Address:** 3501 Chouteau Avenue, Saint Louis, MO 63103
- **County:** St Louis City
- **Neighborhood:** Market Street & Choutcau Ave
- **Coordinates:** 38.625787, -90.234261
- **Google Maps:** https://www.google.com/maps?q=38.625787,-90.234261

## Listing Agent

- **Name:** Ben Cherry
- **Brokerage:** Manor Real Estate
- **Phone:** 3146476611x11
- **Email:** ben@manorrealestate.com

## Primary Photo

![3501 Chouteau Avenue - Primary Photo](http://lh.rdcpix.com/2281d2c4b9f84af4681f70cf33364b3cl-f3382019687r.jpg)

*6 total photos available on [listing page](https://www.propertysimple.com/listing/3501-chouteau-avenue-st-louis-mo-63103-26025175)*

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**MLS#:** 26025175 | **Updated:** 2026-06-25
**Source:** listhub

*Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/3501-chouteau-avenue-st-louis-mo-63103-26025175)

---

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