Seller's Agent in 2025
Melinda Grimac
Alliance Sotheby's International
(865) 356-4178
72 in this area
158 Total Sales
603 W Main St Unit 203 Knoxville, TN 37902
Downtown Knoxville Neighborhood
1
Bed
1
Bath
515
Sq Ft
0.49
Acres
Highlights
- City View
- 0.49 Acre Lot
- Corner Lot
- Sequoyah Elementary School Rated A-
- Main Floor Primary Bedroom
- Elevator
About This Home
As of August 2025The 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. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring throughout, granite countertops, stainless steel appliances in the open kitchen, and plenty of natural light create a comfortable living area. Unit sizes vary from 515 square feet to 2,101 square feet. No short-term rentals are permitted. The minimum lease term will be 180 days. Owners will have the opportunity to purchase parking in the private, interior garage.
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. All units convey with a washer/dryer set and all major kitchen appliances. Parking spaces in the interior private garage
Last Agent to Sell the Property
Alliance Sotheby's International License #322821 Listed on: 02/17/2025
Home Details
Home Type
- Single Family
Year Built
- Built in 1930
Lot Details
- 0.49 Acre Lot
- Corner Lot
- Historic Home
HOA Fees
- $156 Monthly HOA Fees
Parking
- Attached Garage
Home Design
- Brick Exterior Construction
- Block Foundation
- Cement Siding
- Stone Siding
- Masonry
Interior Spaces
- 515 Sq Ft Home
- Ceiling Fan
- Insulated Windows
- Open Floorplan
- Storage
- Tile Flooring
- City Views
- Fire and Smoke Detector
Kitchen
- Eat-In Kitchen
- Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 1 Primary Bedroom on Main
- 1 Full Bathroom
Laundry
- Laundry Room
- Washer
Utilities
- Central Heating and Cooling System
- Internet Available
Listing and Financial Details
- Assessor Parcel Number 094MD004
Community Details
Overview
- Association fees include pest contract, fire protection, building exterior, association insurance, security, grounds maintenance
- The Medical Arts Building Condominium Subdivision
- Mandatory home owners association
- On-Site Maintenance
Amenities
- Elevator
- Community Storage Space
Security
- Security Service
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/15/2025 08/15/25 | Sold | $380,000 | +8.6% | $738 / Sq Ft |
| 07/25/2025 07/25/25 | Pending | -- | -- | -- |
| 07/05/2025 07/05/25 | Price Changed | $350,000 | +2.9% | $680 / Sq Ft |
| 01/01/2025 01/01/25 | For Sale | $340,000 | -- | $660 / Sq Ft |
Source: East Tennessee REALTORS® MLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Melinda Grimac
-
Kimberly Dixon-Hamilton
K
Buyer's Agent in 2025
Kimberly Dixon-Hamilton
Downtown Realty, Inc.
(865) 405-8970
74 in this area
146 Total Sales
Map
Source: East Tennessee REALTORS® MLS
MLS Number: 1285759
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Listing Information presented by local MLS brokerage: Ten-X, LLC dba Homes.com, local broker - Arlene Richardson - 888-952-6393.
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