Purchasing Prop NS Buildings

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

Overview

Buildings stabilized through Prop NS will be made available for offers to purchase during 21-day bid windows. The available properties will include 14 newly-listed Featured Buildings, as well as all prior listed properties which have not sold. For more information and photos of the available properties, check out the links in the Featured Buildings section of this webpage.

The current 21-day bid window is OPEN for offers to purchase from Monday, 15 Apr 2024, through Monday, 6 May 2024, at 12:00 pm (noon). Complete and valid offers received by the end of the 21-day bid window will be reviewed and evaluated by LRA staff and voted on at the following LRA Commission meeting.

To submit a bid for a Prop NS property, please follow the guidelines described below.

Bidding Process

Prospective purchasers may submit offers to purchase during 21-day bid windows. The LRA Board will review all offers that are received by the bid closing date, and 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. 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.

Prop NS and LRA will 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. Prop NS and LRA will sell to prior purchasers when they have shown significant progress on their earlier Prop NS purchase.

Complete and valid offers received by the end of the 21-day bid window will be reviewed and evaluated by LRA staff and voted on at the following LRA Commission meeting. All offers submitted will receive a letter through the mail informing the offerors of the decisions made by the LRA Commission.

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 Buildings

The following newly-listed properties have been stabilized through Prop NS and are available for offers to purchase from Monday, 15 Apr 2024, through Monday, 6 May 2024, at 12:00 pm (noon). Please use the bid form and follow the bid guidelines outlined above.

Open Houses

The Prop NS staff will provide an opportunity for the general public to tour Featured Buildings for which we have received Open House requests. Open Houses will be held on April 23rd, 24th, and 25th (Tues, Wed, & Thurs) from 11:00 am to 1:30 pm. Prop NS staff will only open one building at a time, and the final schedule of openings will depend on which properties have been requested. If you would like to visit one of our Featured Properties, please email prop-ns@stlouis-mo.gov.

 

Academy

Fountain Park

Greater Ville

Hyde Park

Lewis Place

Old North St. Louis

 

Relisted Buildings

The previously listed buildings below are available for offers to purchase from Monday, 15 Apr 2024, through Monday, 6 May 2024, at 12:00 pm (noon). Due to staffing capacity, we may not be able to offer Open Houses for the properties listed below. However, you can email prop-ns@stlouis-mo.gov to request additional information and/or photos.

College Hill

Fountain Park

The Greater Ville

Hamilton Heights

Kingsway East

Old North St. Louis

Vandeventer

Walnut Park East

Walnut Park West

West End

 

 

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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