Inner Harbor

Downtown Baltimore's Maryland Life Building sells for $901,000

Downtown Baltimore's Maryland Life Building sells for $901,000

The Maryland Life Building on South Street in downtown Baltimore has sold for $901,000 to Acumen Capital LLC, a local investment group.

The sale was announced Friday by Brexton Commercial, a Baltimore real estate services firm that represented the buyer. The seller was RREF II SB-MD BTB LCC, which is based in Miami and was represented by AGM Commercial Real Estate Advisors.

The Maryland Life Building at 10 South St. was built in 1905 for a one-time insurance company and retains architectural details such as high ceilings, crown molding and custom millwork. The mid-rise structure spans about 19,000 square feet.

“Acumen Capital is very pleased with this below-market...

34°