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3144 Morganford to get a face-lift

The mixed-use property at 3144 Morganford in the South St. Louis neighborhood of Tower Grove South will soon be getting a bit of a face-lift. Located across the street from 3 Monkeys and two doors down from Local Harvest Grocery, the building  is one of the few commercial buildings along that stretch of Morganford that has yet to see significant rehab.

The new owners of the property will be rehabbing the one-bedroom and two-bedroom apartments upstairs and plan on white-boxing (or build-to-suit in the right circumstance) the commercial area on the first floor. I’ll be sure to post an update when a tenant is found, but if you are looking for between 500 and 1132 square feet of street-level commercial space along Morganford, you might want to take a look for yourself. If you are interested, call (636) 405-7184 and ask for Jeanette.

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Matt Kastner

Matt Kastner is an Investment Real Estate Consultant at St. Louis Real Estate Society in St. Louis, Missouri. He is also develops properties on the side through Threshold Properties. When he isn’t representing investors in the purchase or sale of multifamily properties, rehabs, foreclosures and other income producing properties, he is often taking on rehab projects himself. He lives in South St. Louis and has been in the real estate business since 2004.

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