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 12 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 most recent 21-day bid window CLOSED on Monday, 3 June 2024. 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 Board of Commissioners meeting.

The next bid window will open from Monday, 8 July 2024 to Monday, 29 July 2024 at 12 pm (NOON). To submit a bid during the upcoming bid window, 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.

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.

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 Board meeting. All offers submitted will receive a letter through the mail informing the offerors of the decisions made by the LRA Board.

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 featured buildings previously listed here were available for offers to purchase from Monday, 13 May 2024 to Monday, 3 June 2024 at 12:00 pm (noon). The bid window has CLOSED. All offers received by the bid deadline will be evaluated at the subsequent LRA Board meeting. Any properties for which the LRA Board does not accept an offer will be relisted below and made available for offers to purchase during subsequent bid periods.

Please check back on Monday, 1 July 2024 for the next round of featured buildings. The next bid window will open from Monday, 8 July 2024 to Monday, 29 July 2024 at 12 pm (NOON).

 

Relisted Buildings

All buildings listed below were previously featured and unsold, and will be made available during the next bid window, from Monday, 8 July 2024 to Monday, 29 July 2024 at 12 pm (NOON).

Use the links below to see stabilization information and photos for each property. Some of the info sheets are in the process of being updated and will be added next week.

Academy

College Hill

Fountain Park

Gravois Park

  • 3737 Oregon
  • 3737-H Oregon

The Greater Ville

Hamilton Heights

Hyde Park

  • 4264 Blair Ave

Kingsway East

Lewis Place

Old North St. Louis

St. Louis Place

  • 1535 Hogan

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

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

The Ville

Walnut Park East

Wells-Goodfellow

West End

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