603 W Main St 103, Knoxville, TN 37902 (MLS# 1289346)

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: 3/31/2026

Overview

Description

APPROVED FOR Short Term Rental STATUS ''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 Details MLS# 1289346

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

Contract Info

Auction Y/N: No
Listing Price: 989000
Occupancy: Either

General Property Description

Type: High Rise
Acres: 0.49
Acre Source: Tax Records
Site Built: Yes
Restrictions: Yes
SqFt - Total (Aprox): 2101
SqFt - Main Lvl: 2101
# Bedrooms: Yes
Baths - Full: Yes
Baths - 1/2: Yes
# of Rooms: Yes
Fireplace: No
Property Status: N/A
HOA: Mandatory
HOA Fee: 667.09
HOA Freq: Monthly
HOA Contact: URE 865-673-6600 ext 103
Position of Unit: Main level E facing
Year Built: 1930
Bonus Room: No
Extra Storage: Yes
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
Basement: No

Status Change Info

Status Change Date: 2025-11-19

Location, Tax & Legal Info

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

Remarks & Misc

Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
Public Remarks: APPROVED FOR Short Term Rental STATUS ''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

Atchd/Dtchd Type

Attached: Yes

Style

Historic: Yes
Other: Yes

Construction

Block: Yes
Brick: Yes
Masonry: Yes

Siding

Brick: Yes
Cement: Yes
Stone: Yes

Fireplace

None: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Marble: Yes
Other: Yes

Garage/Parking

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

Basement

Other: Yes

Lot Description

Corner Lot: Yes

Fuel

Electric: Yes

View

City: Yes
Other: Yes

Heat

Central: Yes

Community Amenities

Architect Restricted: Yes
Elevator: Yes
Extra Storage: Yes
Security: Yes

Dining Area

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

Appliances

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

Other Rooms

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

Exterior Features

Windows - Insulated: Yes

Misc Features

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

Sewer

Public Sewer: Yes

Water

Public: Yes

Association Fee Incl

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

New Financing

Cash: Yes
Conventional: Yes

Showing

See Agent Instructns: Yes

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: March - 31 - 2026

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.