603 W Main St 103, Knoxville, TN 37902

$989,000
Property Type: Single Family Bedrooms: 1 Square Footage: 2,101 Lot Size (sq. ft.): 21,344 Status: Active
Current Price: $989,000 List Date: 11/19/2025 Last Modified: 12/16/2025

Description

''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.

More Information MLS# 1289346

Contract Info

Auction Y/N: No Occupancy: Either Listing Price: 989000 Current Price: $989,000 Status: Active Listing Date: 2025-02-07

Location, Tax & Legal Info

Unit #: 103 Area: Knox County - 1 Property Sub-Type: Condominium City/County Code: City Limits Total Tax: 0

General Property Description

Type: High Rise # Bedrooms: 1 Acres: 0.49 Acre Source: Tax Records # of Rooms: 1 Restrictions: Yes Site Built: Yes Fireplace: No HOA Fee: 637.59 HOA Freq: Monthly HOA Contact: URE 865-673-6600 ext 103 Property Status: N/A SqFt - Main Lvl: 2101 SqFt - Down Lvl: 0 SqFt - 2nd Flr Lvl: 0 SqFt - 3rd Flr Lvl: 0 # Fireplace: 0 HOA: Mandatory Position of Unit: Main level E facing Basement: No Bonus Room: No Extra Storage: Yes SqFt - Total (Aprox): 2101 Baths - Full: 1 Baths - 1/2: 1 Year Built: 1930

Remarks & Misc

Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available. Public Remarks: ''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.

Atchd/Dtchd Type

Attached: 1

Style

Historic: 1 Other: 1

Construction

Block: 1 Brick: 1 Masonry: 1

Siding

Brick: 1 Cement: 1 Stone: 1

Fireplace

None: 1

Cooling

Ceiling Fan(s): 1 Central Cooling: 1

Floors

Marble: 1 Other: 1

Garage/Parking

Designated Parking: 1 Garage Door Opener: 1 Main Level: 1 Other: 1

Basement

Other: 1

Lot Description

Corner Lot: 1

Fuel

Electric: 1

View

City: 1 Other: 1

Heat

Central: 1

Community Amenities

Architect Restricted: 1 Elevator: 1 Extra Storage: 1 Security: 1

Dining Area

Eat-in Kitchen: 1 Formal Dining Area: 1 Kitchen/Dining Rm Co: 1 Living Rm/Dining Rm: 1 Other: 1

Appliances

Dishwasher: 1 Disposal: 1 Dryer: 1 Microwave: 1 Range: 1 Refrigerator: 1 Self Cleaning Oven: 1 Washer: 1

Other Rooms

Bedroom Main Level: 1 Extra Storage: 1 Great Room: 1 Laundry/Utility: 1 Mstr Bdrm Main Level: 1

Exterior Features

Windows - Insulated: 1

Misc Features

Handicap Accessible: 1 Kitchen Island: 1 Pantry: 1 Walk-in Shower: 1 Washer/Dryer Connect: 1

Sewer

Public Sewer: 1

Water

Public: 1

Association Fee Incl

Association Ins: 1 Building Exterior: 1 Fire Protection: 1 Grounds Maintenance: 1 Pest Contract: 1 Security: 1 Sewer: 1 Some Amenities: 1 Trash: 1

New Financing

Cash: 1 Conventional: 1

Showing

See Agent Instructns: 1

Location Tax Legal Info

House #: 603 St Dir: W Street Name: Main St Suffix: St State/Province: TN Zip Code: 37902 PIN #: 094MD004 Subdivision: Medical Arts Building Condominium Geo Lat: 35.960879 Geo Lon: -83.919756

Status Change Info

Status Change Date: 2025-11-19

Property Features

Style: Historic; Other Construction: Block; Brick; Masonry Siding: Brick; Cement; Stone Basement: Other Lot Description: Corner Lot View: Other Fireplace: None Floors: Marble; Other Fuel: Electric Heat: Central Cooling: Ceiling Fan(s); Central Cooling Appliances: Dishwasher; Disposal; Dryer; Microwave; Range; Refrigerator; Self Cleaning Oven; Washer Sewer: Public Sewer Water: Public Other Rooms: Bedroom Main Level; Extra Storage; Great Room; Laundry/Utility; Mstr Bdrm Main Level Misc Features: Handicap Accessible; Kitchen Island; Pantry; Walk-in Shower; Washer/Dryer Connect Exterior Features: Windows - Insulated Dining Area: Eat-in Kitchen; Formal Dining Area; Kitchen/Dining Rm Co; Living Rm/Dining Rm; Other Community Amenities: Architect Restricted; Elevator; Extra Storage; Security Association Fee Incl: Association Ins; Building Exterior; Fire Protection; Grounds Maintenance; Pest Contract; Security; Sewer; Some Amenities; Trash Showing: See Agent Instructns New Financing: Cash; Conventional
Listing Office: Alliance Sotheby's International
IDX
Office Phone: 865-357-3232
Last Updated: December - 16 - 2025
The data relating to real estate for sale on this Web Site comes from the IDX Program of the Knoxville Area Association of REALTORS® Multiple Listing Service. © Copyright 2020 All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. This information is updated weekly, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.