Downtown St. Louis Commercial
For Sale
Contact for pricing
918-920 Olive St, Saint Louis, MO 63101
7,078 SF commercial condo in the heart of downtown.
Property Size7,078 SF
Lot Size0.32 Acres
Price / SF$105.96
Days on Market1155
Property Features for 918-920 Olive St
General Information
Standard status
Active
Size
7,078 SF
Lot size
0.32 Acres
Property subtype
RETAIL
Lease Type
NNN
Properties For Sale
at 918-920 Olive St
Downtown STL Restaurant/Bar/Event Condo
AVAILABLE, Now
Floor
1
Size
7,078 SF
Type
RETAIL
Lease Type
NNN
Sublease
No
Commercial First Floor Condo in the Bell Lofts Building now available for sale.
The 7,078 S.F. condo is ideally configured for a restaurant, bar and/or event space with an interior mezzanine level (accessible also from elevator) for additional seating. The space can accommodate 180 patrons and has an open kitchen area and full basement throughout for additional food storage, coolers and utilities. All furniture, fixtures and equipment are to be included as part of the space. The Bell Lofts features 24 residential condos and is on the National Registry of Historic Places.
Ideally located at the intersection of Olive and 10th Street in the heart of Downtown St. Louis' Central Business District.
Contact us
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Benjamin R Cherry · License #2006018085
(314) 518-5010
Source:
Moodyscre
Added: Sep 5, 2023
Changed: Oct 25
Last Checked: Nov 1 at 8:07AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Manor Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A 7,078 square foot commercial first-floor condo is available for sale in the Bell Lofts Building. The condo is configured for a restaurant, bar, or event space, and can accommodate 180 patrons. It features an interior mezzanine level, accessible by elevator, for additional seating, as well as an open kitchen area. A full basement provides space for food storage, coolers, and utilities. All furniture, fixtures, and equipment are included. The Bell Lofts, which features 24 residential condos, is located at the intersection of Olive and 10th Street in the heart of Downtown St. Louis' Central Business District and is on the National Registry of Historic Places.
Key Highlights
- 7,078 SF commercial condo ideal for restaurant, bar, or event space
- Includes all furniture, fixtures, and equipment
- Can accommodate 180 patrons with an open kitchen area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,418
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,360
$608.4K
Cap Rate 7%
$434,543
$434.5K
Cap Rate 9%
$337,978
$338.0K
Market Conditions
NOI Build-Up for 7,078 SF
Gross rent
$42.5K $6.00/SF
− Vacancy
−$1.9K −$0.27/SF
EGI
$40.6K $5.73/SF
− OpEx
−$10.1K −$1.43/SF
NOI
$30.4K $4.30/SF
Area
St. Louis County, MO
Vacancy
4.50%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,360
Cap Rate 7%
$434,543
Cap Rate 9%
$337,978
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,215 @ 7.0% cap · market cap 12.70%
Second Best
Specialty Retail
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,334 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,302
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 38%
Dining 32%
Groceries 16%
Shops & Services 13%
McDonald's
Dining
22,069 visits/mo
0.5 miles
Marriott St. Louis Grand
Hotels & Casinos
13,023 visits/mo
0.1 miles
Schnucks
Groceries
12,829 visits/mo
0.0 miles
Holiday Inn St. Louis - Downtown Conv Ctr
Hotels & Casinos
7,878 visits/mo
0.2 miles
Hampton Inn St. Louis-Downtown at the Gateway Arch
Hotels & Casinos
6,458 visits/mo
0.4 miles
Demographics for 63101, MO
4,171
Population
2,457
Households
1.7
Avg Household Size
35
Median Age
61%
College-Educated
98%
High-School Grad
0.4 sq mi
ZIP Area
10,428
Density / Sq Mi
$92,708
Median Household Income
$68,079
Median Earnings
$1,295
Median Rent
$228,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- St. Louis Sportservice by Delaware North — 405 s broadway, st. louis, mo 63102
- Red Zucchini PCS & Catering — 1610 Olive St, St. Louis, MO 63103
- Nirvana Catering — 1610 Olive St, St. Louis, MO 63103
- Centenary Commissary Kitchen — 1610 Olive St, St. Louis, MO 63103
- The Croquetterie — 1610 Olive St, St. Louis, MO 63108
Frequently Asked Questions
What type of property is this?
Restaurant - 7,078 SF commercial condo in the heart of downtown.
Where is this restaurant located?
The property is located at 918-920 Olive St Saint Louis, MO.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,078 SF commercial condo ideal for restaurant, bar, or event space; Includes all furniture, fixtures, and equipment; Can accommodate 180 patrons with an open kitchen area
