603 W Main St 205, Knoxville, TN 37902

$325,000

Property Type: Single Family Bedrooms: 1 Square Footage: 575 Lot Size (sq. ft.): 15,374 Status: Pending

Current Price: $325,000 List Date: 1/27/2026 Last Modified: 6/16/2026

Overview

Description

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. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops, stainless steel appliances in the open kitchens, 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. The MAB, 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 att ... (Read more) 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. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops, stainless steel appliances in the open kitchens, 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. The MAB, 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. Owners will have the opportunity to purchase parking in the private, interior 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 MAB 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!

Listing Details MLS# 1307258

Contract Info

Auction Y/N: No
Occupancy: Permanent Residence

Location, Tax & Legal Info

Unit #: 205
Area: Knox County - 1
Property Sub-Type: Condominium
City/County Code: City Limits
Total Tax: 0

General Property Description

Type: High Rise
# Bedrooms: Yes
Lot Dimensions: 74.33 x 206.83 x IRR
Lot Size SqFt: 15373.67
Acres: 0.49
Acre Source: Other
# of Rooms: 3
Restrictions: Yes
Site Built: Yes
Fireplace: No
HOA Fee: 182.57
HOA Freq: Monthly
HOA Contact: URE 865-673-6600 ext 103
Property Status: N/A
SqFt - Main Lvl: 575
SqFt - Down Lvl: 0
SqFt - 2nd Flr Lvl: 0
SqFt - 3rd Flr Lvl: 0
# Fireplace: 0
HOA: Mandatory
Basement: Yes
Bonus Room: No
Extra Storage: Yes

Remarks & Misc

Directions: Property is on the corner of Main St and Locust St downtown Knoxville. Street parking is available.
Public Remarks: 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. All units are conveyed with a washer/dryer set and all major kitchen appliances. Tile flooring, remodeled bathrooms, granite countertops, stainless steel appliances in the open kitchens, 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. The MAB, 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. Owners will have the opportunity to purchase parking in the private, interior 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 MAB 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!

Atchd/Dtchd Type

Attached: Yes

Style

Historic: Yes
Other: Yes

More Information

Construction

Block: Yes
Other: Yes

Siding

Brick: Yes
Stone: Yes

Fireplace

None: Yes

Cooling

Ceiling Fan(s): Yes
Central Cooling: Yes

Floors

Tile: Yes

Garage/Parking

Attached: Yes
Other: Yes

Basement

Other: Yes

Lot Description

Corner Lot: Yes

Fuel

Electric: Yes

View

City: Yes
Other: Yes

Heat

Central: Yes

Community Amenities

Elevator: Yes
Extra Storage: Yes
Security: Yes

Dining Area

Kitchen/Dining Rm Co: Yes
Living Rm/Dining Rm: Yes

Appliances

Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Microwave: Yes
Range: Yes
Refrigerator: Yes
Smoke Detector: Yes
Washer: Yes
Other: Yes

Other Rooms

Laundry/Utility: Yes
Mstr Bdrm Main Level: Yes

Exterior Features

Windows - Insulated: Yes
Windows - Wood: Yes

Misc Features

Internet Available: 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

New Financing

Cash: Yes
Conventional: Yes

IDX

Listing Office: Alliance Sotheby's International

Last Updated: June - 16 - 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.