Restaurant Condo with
For Sale
$750,000
920 Olive Street #101, Saint Louis, MO 63101
An open-kitchen plan, elevator-accessible upper seating, and a full basement accommodate dining and event uses.
Property Size12,528 SF
Price / SF$59.87
Days on Market1121
Property Features for 920 Olive Street #101
General Information
Standard status
Active
Size
12,528 SF
Property subtype
Commercial
Space & Availability
Floor
1 + Mezzanine + Basement
Furnished
Yes
Restaurant
Seating Capacity
180
Equipment Included
Yes
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$13,829
Building Details
Building Size
12,528 SF
Year Built
1920
Buildings
1
Stories
2
Listing Agency:
Flowers Home Realty
(636) 348-0222
Listed By:
Marletta Flowers · License #2006018112
(314) 614-8707
Source:
Flowershomerealty
Added: Oct 2, 2023
Changed: Oct 25
Last Checked: Oct 26 at 3:51AM
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 Flowers Home Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This first-floor restaurant condominium in Bell Lofts includes an open kitchen, an interior mezzanine reached by elevator, and a basement extending beneath the space. The layout can serve up to 180 patrons, with basement areas suited to food storage, coolers, and utilities. Furniture, fixtures, and equipment are included in the sale.
The 1920 Bell Lofts building contains 24 residential condominiums and is listed on the National Register of Historic Places. The property sits at Olive and 10th Street in downtown St. Louis’ Central Business District.
The 1920 Bell Lofts building contains 24 residential condominiums and is listed on the National Register of Historic Places. The property sits at Olive and 10th Street in downtown St. Louis’ Central Business District.
Key Highlights
- Seating capacity for up to 180 patrons
- Elevator‑accessible interior mezzanine for additional seating
- Full basement with areas for food storage, coolers, and utilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,839
Cap Rate
7.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,076,780
$1.1M
Cap Rate 7%
$769,129
$769.1K
Cap Rate 9%
$598,211
$598.2K
Market Conditions
NOI Build-Up for 12,528 SF
Gross rent
$75.2K $6.00/SF
− Vacancy
−$3.4K −$0.27/SF
EGI
$71.8K $5.73/SF
− OpEx
−$17.9K −$1.43/SF
NOI
$53.8K $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%
$1,076,780
Cap Rate 7%
$769,129
Cap Rate 9%
$598,211
Alternative Uses
Best Use
Specialty Retail
$769.1K
$673.0K – $897.3K
NOI $53,839 @ 7.0% cap · market cap 7.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,211 @ 7.0% cap · market cap 25.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,163
Businesses Nearby
93k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 32%
Dining 27%
Shops & Services 27%
Groceries 14%
McDonald's
Dining
22,069 visits/mo
0.3 miles
BP
Shops & Services
16,588 visits/mo
0.5 miles
Marriott St. Louis Grand
Hotels & Casinos
13,023 visits/mo
0.2 miles
Schnucks
Groceries
12,829 visits/mo
0.2 miles
Holiday Inn St. Louis - Downtown Conv Ctr
Hotels & Casinos
7,878 visits/mo
0.1 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
Frequently Asked Questions
What type of property is this?
Conventional restaurant - An open-kitchen plan, elevator-accessible upper seating, and a full basement accommodate dining and event uses.
Where is this conventional restaurant located?
The property is located at 920 Olive Street #101 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: Seating capacity for up to 180 patrons; Elevator‑accessible interior mezzanine for additional seating; Full basement with areas for food storage, coolers, and utilities
