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Renovated Restaurant Building
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3131-3137 Olive St, Saint Louis, MO 63103

Historic restaurant property with modern systems, ADA compliance, and an existing lease extending through 2027.

Property Size5,435 SF
Price / SF$183.81
Days on Market355

Property Features for 3131-3137 Olive St

General Information

Standard status Active
Size 5,435 SF
Property subtype RETAIL
Occupancy 100%

Building Details

Year Built 1894
Year Renovated 2016
Listing Agency: Manor Real Estate
Listed By: Caleb B Anthonis · License #2021000758
Source: Moodyscre
Added: Sep 11, 2025 Changed: Aug 29 Last Checked: Aug 30 at 3:21PM

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

Investment Insights

Based on property information with market context.

This restaurant property at 3131–3137 Olive Street was originally constructed in 1894 and underwent a full renovation in 2016. The improvements retain historic character while incorporating modern systems and ADA compliance. The building is fully leased to Salsa Rosada through 2027, with annual rent escalations included in the lease terms.

The property is situated on Olive Street in St. Louis’ Midtown corridor, near Saint Louis University and The City Foundry. Its restaurant configuration, renovated condition, and established tenancy provide a defined operating profile for a commercial buyer.

Key Highlights

  • 100% leased to Salsa Rosada through 2027
  • Full renovation completed in 2016
  • Originally built in 1894

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency HVAC Service Storage Facility Computer & Electronic Repair Home Appliance Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,665
Businesses Nearby
25k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Dining 67% Shops & Services 33%
Starbucks Dining
13,643 visits/mo 0.5 miles
BP Shops & Services
6,587 visits/mo 0.1 miles
Hamburger Mary's Dining
2,964 visits/mo 0.0 miles
Caliber Collision Shops & Services
839 visits/mo 0.4 miles
Avis Budget Car Rental Shops & Services
818 visits/mo 0.1 miles

Demographics for 63103, MO

9,411
Population
5,990
Households
1.6
Avg Household Size
31
Median Age
51%
College-Educated
91%
High-School Grad
2.2 sq mi
ZIP Area
4,278
Density / Sq Mi
$37,500
Median Household Income
$36,091
Median Earnings
$978
Median Rent
$205,400
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Historic restaurant property with modern systems, ADA compliance, and an existing lease extending through 2027.
Where is this conventional 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 $999,000.
What are key features of this property?
This property features: 100% leased to Salsa Rosada through 2027; Full renovation completed in 2016; Originally built in 1894
(636) 578-7627 Call to check price and availability
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