$989,000
$61K PRICE DROP

Estimated payment $6,814/month

Total Views 1,590
1 Bed
1.5 Baths
2,101 Sq Ft
$471 Price per Sq Ft

Highlights

  • City View
  • 0.49 Acre Lot
  • Main Floor Primary Bedroom
  • Sequoyah Elementary School Rated A-
  • Marble Flooring
  • Corner Lot

About This Home

''The Revival'' unit in the Medical Arts Building Condominium is a unique opportunity to own a multi-use property in downtown Knoxville. With a variety of options such as true residential, a nightly rental format option, office, and commercial, this flexible zoning and COA status can accommodate a multitude needs. Illuminated from above by the 4-foot crystal chandelier, the well-appointed chef's kitchen boasts a 32sf island, double sinks, 72'' refrigerator/freezer, double ovens, and a 36'' cooktop with stainless steel hood. A large service pantry doubles as the private entrance from the unit into the gated garage where owners will enjoy the possiblity of convenient direct unit access to parking spaces right outside their door. (Deeded parking is additional) The generously sized open bedroom area can be enclosed for privacy or opened up for the various uses for the space. Building history:
The 50 apartments in the Medical Arts Building (MAB) are being converted into condominiums and are now offered for the first time as a purchase option! New owners will enjoy the fantastic location between the downtown core and The University of Tennessee. The Medical Arts Building, an ornate Gothic Revival style building built in 1932 by Lexington, Kentucky architecture firm Manley and Young, was placed on the National Register of Historic Places on May 24, 1984. Originally planned as a 13-story building, the plans were scaled back due to the Great Depression to what we see today as a 10-story high rise, including the attached 4-story parking garage. The decorative terra cotta and dark green spandrel panels on the exterior of the East and South facing facades show the attention to detail, which was rarely seen in the southeast at that time. The Medical Arts Building was once home to a pharmacy, a bank, a beauty shop, a florist, and several restaurants. A bowling alley and a putt-putt golf course also entertained tenants and visitors! The building experienced its share of hardships. In 1985, it was completely renovated and once again became a favorite location for many well-known doctors, dentists, attorneys, accountants, and other professionals. Thomas B. Grace, a real estate investor from Chicago, purchased the building in 2006. The plan was to leave it as a multi-tenant office building for many years, but the recession changed everything. It was agreed that the highest and best use for the building was a conversion to residential. The building conversion was completed in April 2014. Now, a new generation of people call the Medical Arts Building home! Fast forward to October 2024. The apartments are being converted into condominiums and will be sold individually. New owners will continue to enjoy the fantastic location in between the downtown core and The University of Tennessee.

Listing Agent

Melinda Grimac

Alliance Sotheby's International License #322821 Listed on: 11/19/2025

Alliance Sotheby's International

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1930

Lot Details

  • 0.49 Acre Lot
  • Corner Lot
  • Historic Home

HOA Fees

  • $638 Monthly HOA Fees

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Cement Siding
  • Stone Siding
  • Masonry

Interior Spaces

  • 2,101 Sq Ft Home
  • Ceiling Fan
  • Great Room
  • Formal Dining Room
  • Open Floorplan
  • Storage
  • Marble Flooring
  • City Views

Kitchen

  • Eat-In Kitchen
  • Self-Cleaning Oven
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Primary Bedroom on Main
  • Main Floor Bedroom
  • Walk-in Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Parking Available
  • Garage Door Opener
  • Assigned Parking

Additional Features

  • Handicap Accessible
  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 094MD004

Community Details

Overview

  • Association fees include association insurance, building exterior, grounds maintenance, pest control, trash, security, some amenities, fire protection, sewer
  • Medical Arts Building Condominium Subdivision
  • Mandatory home owners association

Amenities

  • Elevator
  • Community Storage Space

Additional Features

  • Security
  • Security Service

Home Details

Home Type

Single Family

Year Built

Built in 1930

Lot Details

0

HOA Fees

$638 per month

Listing Details

  • Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1930
  • Lot Size Acres: 0.49
  • Subdivision Name: Medical Arts Building Condominium
  • Architectural Style: Other, Historic
  • Contract Info:List PriceSqFt2: 470.72
  • General Property Description:SqFt - Main Lvl: 2101.0
  • General Property Description:HOA: Mandatory
  • General Property Description:Basement: No
  • General Property Description:Bonus Room: No
  • General Property Description:Extra Storage: Yes
  • General Property Description:Position of Unit: Main level E facing
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer, Dryer
  • Basement YN: No
  • Has Basement: Other
  • Fireplace: No
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Flooring: Other, Marble
  • Interior Amenities: Eat-in Kitchen, Pantry, Kitchen Island
  • Window Features: Insulated Windows

Exterior Features

  • View: City, Other
  • Lot Features: Corner Lot
  • Construction Type: Block, Brick, Stone, Cement Siding

Garage/Parking

  • Attached Garage: No
  • Parking Features: Main Level, Other, Assigned, Garage Door Opener

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Amenities: Security, Elevator(s), Storage
  • Association Fee: 637.59
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Association Fee Includes: Association Ins, Building Exterior, Grounds Maintenance, Pest Control, Trash, Security, Some Amenities, Fire Protection, Sewer

Lot Info

  • Parcel #: 094MD004

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/19/2025 11/19/25 For Sale $989,000 0.0% $471 / Sq Ft
10/24/2025 10/24/25 Pending -- -- --
08/27/2025 08/27/25 Price Changed $989,000 -1.0% $471 / Sq Ft
02/27/2025 02/27/25 Price Changed $999,000 -4.9% $475 / Sq Ft
02/07/2025 02/07/25 For Sale $1,050,000 -- $500 / Sq Ft
Source: East Tennessee REALTORS® MLS

Source: East Tennessee REALTORS® MLS

MLS Number: 1289346

East Tennessee REALTORS® MLS