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    3131-3137 Olive St Saint Louis, MO 63103

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    For Sale
    $1,300,000

    Stabilized restaurant property in St. Louis' Midtown corridor for sale.

    Property size:
    5,435 SF
    Lot size:
    0.18 Acres

    Property Features for 3131-3137 Olive St

    General Information

    Size
    5,435 SF
    Lot size
    0.18 Acres

    Source: Manor Real Estate Agent Caleb B Anthonis

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Restaurant Investment Opportunity

    The property at 3131–3137 Olive Street is a restaurant investment opportunity located in St. Louis’ Midtown corridor. The building, totaling approximately 5,372 square feet, is fully leased to Salsa Rosada through 2027, offering a consistent income stream with annual rent increases. Originally constructed in 1894 and fully renovated in 2016, the property blends historical architecture with updated systems and ADA accessibility. Situated on Olive Street, near Saint Louis University and The City Foundry, the location is in a growing area of the city.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    The Croquetterie, Red Zucchini PCS & Catering, Tom Jon's Catering Ltd, Nirvana Catering, Centenary Commissary Kitchen

    Location Insight

    • Map
    • Local Demand
    City
    Saint Louis
    County
    St. Louis
    State
    Missouri
    Longitude
    -90.224819
    Latitude
    38.635821

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    FAQs

    What type of property is this?
    Restaurant - Stabilized restaurant property in St. Louis' Midtown corridor for sale.
    Where is this restaurant located?
    The property is located at 3131-3137 Olive St Saint Louis, MO.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - 100% leased to Salsa Rosada through 2027, providing reliable income.; - Annual rent escalations offer potential for increased returns.; - Located in St. Louis’ Midtown corridor, near Saint Louis University and The City Foundry, in an active growth area.
    (636) 578-7627
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    3131-3137 Olive St Saint Louis, MO 63103
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    Saint Louis, MO 63103
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3131-3137 Olive St Saint Louis, MO 63103
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