Rudman on the Park

500 N 13th St. & 1228-1236 Washington Avenue, St. Louis, MO 63103

  • For Sale $5,995,000
  • Property Type Multi-Family
  • Property Size 119,584 SF
  • Units 52
  • Lot Size 0.36 Acre
  • Property Tenancy Multi-Tenant
  • Year Built 1901
  • Year Renovated 2002
  • Date Updated Apr 15, 2024
***Salient Realty Group is pleased to exclusively offer Rudman On The Park to the market. The property is located at 1228 Washington Ave, St. Louis, MO 63103 in Downtown St. Louis. This 8-story mixed-use building consists of 119,584 gross square feet and underwent a full historic tax credit redevelopment in 2002. The building currently features a mix of commercial and residential spaces, with 48 large and high-end apartments spread across floors 4-8. Floors 2 & 3 consist of creative office space. The 1st floor has two restaurant spaces, one large, and one small. There are multiple value add strategies for investors to implement. Existing units are currently $370 below market rent on average, presenting immediate upside. Ownership also has fully approved plans by the City of St. Louis to convert the 3rd floor into an additional 13 apartments, which could also be repeated on the 2nd floor (total of 26 more apartments). Further, 10 more units can be added across the 5th and 7th floors bringing a potential total to 84 apartments. There is also a conditionally approved Historic Tax Credit application for the renovations to offset costs. While currently vacant, the commercial & restaurant spaces are in incredible condition and should be attractive in the leasing market. Rudman on the Park is centrally located in the heart of Downtown St. Louis providing great access for all of the features the City has to offer. Please reach out to the brokers for more information on this prominent building.

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Highlights

  • $370 Per Unit Rent Upside on Existing Apartments
  • Multiple Value Add Strategies - Potential for up to 84 Apartments
  • Elegant, Historic Building
  • Stunning 8-Story Mixed-Use Historic Building in Downtown St. Louis
  • Conditionally Approved Historic Tax Credit Application for Renovations
  • Located on Wash Ave - Downtown’s Entertainment Corridor
  • Close Proximity to Bars, Restaurants, & Major STL City Attractions

Contacts

broker

Garen Lafser

Salient Realty Group

(314) 451-7471

Location

Getting Around

  • Walk Score ®

    96/100 Walker's Paradise

  • Transit Score ®

    63/100 Good Transit

  • Bike Score ®

    60/100 Bikeable
Powered by Walk Score ®
  • City St. Louis, MO
  • Neighborhood Downtown West Saint Louis
  • Zip Code 63103
  • Market St Louis

Points of Interest

  • 8th & Pine

    0.41 miles

  • Convention Center

    0.49 miles

  • Civic Center

    0.54 miles

  • Union Station

    0.59 miles

  • Saint Louis

    0.60 miles

  • Stadium

    0.60 miles

  • Laclede's Landing

    0.79 miles

  • Grand

    2.02 miles

  • Cortex

    2.88 miles

  • Central West End

    3.47 miles

  • shell gas

    0.12 miles

  • ChargePoint

    0.45 miles

  • BP

    0.91 miles

  • BP

    1.01 miles

  • Crown Food Mart

    1.01 miles

  • Phillips 66

    1.05 miles

  • QuikTrip

    1.32 miles

  • ChargePoint

    1.56 miles

  • MPC

    1.70 miles

  • BP

    1.78 miles

  • Hotel Jefferson Garage

    0.03 miles

  • St. Louis Parking

    0.13 miles

  • 1120 St Charles

    0.14 miles

  • 15th Lucas lot

    0.14 miles

  • St. Louis Auto Park

    0.16 miles

  • Park Pacific Parking Garage

    0.16 miles

  • Saint Louis Library Lot

    0.18 miles

  • 14th Delmar Lot

    0.18 miles

  • 14th MLK Lot

    0.19 miles

  • 1119 Lot

    0.21 miles

  • The Last Hotel

    0.15 miles

  • Le Meridien St. Louis Downtown

    0.25 miles

  • Renaissance Grand Ballrooms

    0.27 miles

  • Courtyard by Marriott

    0.31 miles

  • Holiday Inn

    0.32 miles

  • Marriott

    0.33 miles

  • Magnolia Hotel

    0.35 miles

  • Hotel Saint Louis, Autograph Collection

    0.42 miles

  • Embassy Suites St. Louis - Downtown

    0.43 miles

  • Drury Inn & Suites St. Louis Convention Center

    0.53 miles

  • Lucas Park Grille

    0.01 miles

  • Wasabi Sushi Bar

    0.01 miles

  • Rosalita's Cantina

    0.03 miles

  • Sen Thai Asian Bistro

    0.06 miles

  • Medina Grill

    0.08 miles

  • Missouri Bar and Grille

    0.09 miles

  • King Louie's Empire Deli and Pizza

    0.10 miles

  • Copia Restaurant & Wine Garden

    0.13 miles

  • Rooster

    0.18 miles

  • Mizu Sushi Bar

    0.20 miles

  • Siba – Stevens Institute of Business & Arts

    0.19 miles

  • Carr Elementary School (disused)

    0.39 miles

  • Patrick Henry Downtown Academy

    0.53 miles

  • Jefferson Elementary School

    0.69 miles

  • STL Community College Downtown

    0.75 miles

  • St. L university

    0.76 miles

  • Pruitt Military Academy

    0.81 miles

  • KIPP

    0.81 miles

  • Blewett Middle School

    0.88 miles

  • Carr Lane VPA Middle School

    0.90 miles

  • Eternity Childcare

    2.57 miles

  • Childgarden Early Childhood Center

    2.79 miles

  • Castleman Corner Day Care Center

    3.17 miles

  • Lambs Pride Day Care Center

    3.17 miles

  • Gravois Childcare Learning Center

    3.82 miles

  • YWCA Head Start

    3.99 miles

  • Miss Patt's Daycare

    5.52 miles

  • Smart Start Learning Acadamy

    5.70 miles

  • Union Preschool

    6.02 miles

  • Dumas Bi-Lingual Child Development Center

    6.03 miles

Frequently Asked Questions

What is the lease rate for Rudman on the Park?

Rental asking rate at Rudman on the Park is $2,997,500.00/YR.

What is the total square footage of Rudman on the Park?

Rudman on the Park totals 119,584 square feet.

When was this property built?

Rudman on the Park was built in 1901.

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Contact Listing Broker

broker

Garen Lafser

Salient Realty Group

(314) 451-7471