Purchasing Prop NS Properties

Buildings certified as fully stabilized will be listed here when available for purchase.

Overview

Buildings stabilized through Prop NS are made available for offers to purchase during 21-day bid windows. The available properties typically includes 12 newly-listed Featured Properties, as well as all prior listed properties which have not sold. The most recent bid window CLOSED on Monday, September 30th at 12 pm (NOON). All offers received within the bid window will be reviewed by the LRA Board of Commissioners at the October LRA Board meeting. The next bid window will open from Monday, October 28th to Monday, November 18th (noon) 2024.

For information on how to make an offer to purchase a Prop NS stabilized property, please follow the guidelines in the Bidding Process section below.

For information and photos of currently available properties and to find out about our open houses, check out the Featured Properties section and Relisted Properties section below.

Bidding Process

Complete and valid offers received within the 21-day bid window will be reviewed and evaluated by LRA staff and voted on at the following LRA Board meeting. The LRA Board will select the buyer with the highest bid who (in LRA's assessment) has the capacity to complete the rehab and bring the building up to occupancy code. All offers submitted will receive a letter through the mail informing the offerors of the decisions made by the LRA Board. LRA will record a deed of trust on each Prop NS-stabilized property to ensure that rehab will be completed by the purchaser within 24 months.

LRA will generally only sell an offeror one property at a time. You may submit offers on multiple properties per round, but be aware that you may only have your offer accepted on one property. LRA will only sell additional properties to prior purchasers when they have shown significant progress on their earlier Prop NS purchase.

Eligibility

  • Must be legally able to own real estate in the State of Missouri
  • If an entity, must be in good standing
  • If other properties are owned in the City of St. Louis, must
    • Be current on all real estate taxes owed to Collector of Revenue
    • Have no outstanding code violations with the Building Division
    • Have no outstanding service fees due to Forestry Division
    • Have no open problem property cases with City Counselor’s Office
  • If previously purchased LRA property, must be within compliance of any LRA contracts and agreements

Required Bid Form

To submit an offer for one of the stabilized buildings available for purchase, please download, complete, and submit the following offer form:

Prop NS Offer to Purchase Form (revised Oct. 30, 2023)

Deliver the completed form to the LRA office at:

1520 Market Street, Suite 2000
St. Louis, MO 63103

The form may be delivered either by mail or in person, provided it arrives before the posted deadline. Please note that only fully completed forms will be considered for purchase.

 

Featured Properties

The following properties have been recently stabilized through the Prop NS program, and were available for offers to purchase from Monday, 9 September 2024 to Monday, 30 September 2024 at 12 pm (NOON). All offers received by the deadline will be reviewed at the October LRA Board meeting. Offers must be received within the 21-day bid window following the guidelines above. If you have any questions, please email prop-ns@stlouis-mo.gov.

Use the links below to see additional information and photos of the previously featured properties.

Hamilton Heights

Kingsway East

Lewis Place

The Ville

Walnut Park West

Wells-Goodfellow

 

Relisted Properties

All properties listed below were previously featured and unsold, and were available for offers to purchase from Monday, 9 September 2024 to Monday, 30 September 2024 at 12 pm (NOON). Offers received within the bid period will be reviewed at the October LRA Board meeting.

Use the links below to see additional information and photos of the previously listed properties.

Academy

Fountain Park

The Greater Ville

Hyde Park

Kingsway East

Lewis Place

Mark Twain

O'Fallon

Old North St. Louis

Vandeventer

Walnut Park East

Walnut Park West

 

Sold or Sale Pending

The information below is provided as a reference to show previous stabilization work and winning bids. These properties are under contract or have been sold and are currently in the possession of private owners. If no offers were received or if the approved buyers failed to close on their purchase, the properties will be re-posted for bids and listed above.

Academy

Baden

College Hill

Dutchtown

Fairground

Fountain Park

Gravois Park

The Greater Ville

Hamilton Heights

Hyde Park

Jeff-Vander-Lou

Kingsway East

Lewis Place

Mark Twain I-70 Industrial

North Pointe

O'Fallon

Old North St. Louis

Penrose

St. Louis Place

The Ville

Walnut Park East

Wells-Goodfellow

West End

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