Receiver Sale: 336K SF Office Condo | St. Louis Entertainment District

Highlights:

• Institutional-Quality Asset Built and Previously Maintained as a Regional Headquarters 32 years of single-tenant occupancy by Anthem Blue Cross and Blue Shield of Missouri with institutional-grade systems and large, efficient floor plates
• Exceptional Parking Inventory with over 900 Dedicated Spaces Approximately 983 spaces across three parking components: an attached garage, an adjacent standalone garage, and a surface lot
• Significant Alternate Use Potential 336,392 SF across 7 floors and the lower level with large, demisable floor plates and infrastructure supporting residential, hospitality, education, data center, and healthcare uses
• Surrounded by Premier Sports, Dining, and Entertainment Destinations One-minute walk to Union Station, adjacent to Energizer Park, and minutes from Enterprise Center, St. Louis’ premier sports and entertainment arenas
• Exceptional Location in Downtown West St. Louis Immediate I-64 access, with I-44, I-55, I-70, Lambert Airport, and key suburban corridors minutes away

Description:

View Details: https://rimarketplace.com/auction/3195/office/saint-louis/mo


Newmark, in conjunction with RI Marketplace, has been retained by the court appointed Receiver to offer for sale Unit 1 of 1831 Chestnut Condominium (the "Property"), a 336,392 SF office condo, along with an 81.23% percentage ownership in the Common Elements. The Common Elements include the adjacent surface parking lot, an attached parking structure, and a freestanding parking garage across 18th Street. Parking at the project totals approximately 1129 spaces, of which 983 are allocated to Unit 1. The Property is fully vacant as of 1/1/2026 and sits on a 4.24-acre site.

The Offering includes Unit 1, consisting of the lower level, floors 1 through 5 and floors 8-9 (Unit 2, which includes floors 6 & 7, is separately owned and not included in the offering). The Property most recently served as the Missouri regional home of Anthem Blue Cross and Blue Shield, part of Elevance Health, one of the nation's largest health insurers, for 32 years. Vacant as of January 1, 2026, the Property features continuously maintained building systems, extensive parking inventory, and large, flexible floor plates. Also included in the offering is an 81.23% interest in the Common Elements, which include +/- 1,129 parking spaces across three components: an attached garage with 191 spaces, a western surface lot with 66 spaces, and a detached standalone garage across 18th Street with 872 spaces.

The opportunity provides investors with flexibility to execute on a broad range of repositioning strategies, from office lease-up to residential conversion, hospitality, education, or data center uses, in one of Downtown St. Louis's most activated and rapidly evolving entertainment corridors. Situated immediately adjacent to Energizer Park (St. Louis SC – MLS), Enterprise Center (St. Louis Blues – NHL), and the recently redeveloped Union Station, the Property offers an exceptional urban footprint at an extraordinary basis.

The sale of the Property is subject to the Receivership order and court approval.