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Mixed-Use Property with Second-Floor Loft
For Sale
$750,000

3355-59 S Jefferson Avenue, Saint Louis, MO 63118

Five units across two parcels include restaurant, music venue, studio, retail, and office space.

Property Size6,750 SF
Price / SF$111.11
Days on Market215

Property Features for 3355-59 S Jefferson Avenue

General Information

Standard status Active
Size 6,750 SF
Property subtype Commercial

Site & Location

Corner Location Yes
Mixed-Use Components retail, restaurant, office

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Annual Taxes $5,510

Building Details

Building Size 6,750 SF
Year Built 1908
Buildings 2
Tenancy Multi
Listing Agency: Intersection Real Estate
Listed By: Alex Adank · License #2017007680
Source: Flowershomerealty
Added: Mar 24 Changed: Oct 23 Last Checked: Oct 23 at 1:26PM

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 Intersection Real Estate

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Investment Insights

Based on property information with market context.

This 6,750-square-foot mixed-use property comprises five units on two parcels at 3355–3359 S. Jefferson Avenue. The corner building includes a restaurant, a music venue, and a second-floor studio/loft. The adjoining building is configured with a ground-floor retail space and a second-floor office, which can operate separately. It was completely renovated in 2025, including new lower-level floor joists, plumbing, electrical, HVAC, and windows, along with interior cosmetic work. The corner building underwent major renovations about 15 years ago and has received additional updates since. The property was built in 1908. Both parcels are being offered together; the parking area north of the buildings is excluded.

Key Highlights

  • Five units across two parcels, totaling 6,750 square feet
  • Corner building includes a restaurant, music venue, and second‑floor studio/loft
  • Adjacent building has separate retail and office spaces

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$29,008
Cap Rate
3.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$580,160 $580.2K
Cap Rate 7%
$414,400 $414.4K
Cap Rate 9%
$322,311 $322.3K
Market Conditions
NOI Build-Up for 6,750 SF
Gross rent
$40.5K $6.00/SF
− Vacancy
−$1.8K −$0.27/SF
EGI
$38.7K $5.73/SF
− OpEx
−$9.7K −$1.43/SF
NOI
$29.0K $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%
$580,160
Cap Rate 7%
$414,400
Cap Rate 9%
$322,311

Alternative Uses

Best Use
Retail
$1.30M
$1.14M – $1.51M (±1% cap)
NOI $90,803 @ 7.0% cap · market cap 12.11%
Second Best
Mixed Use
$1.19M
$1.04M – $1.38M (±1% cap)
NOI $83,022 @ 7.0% cap · market cap 11.07%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M (±1% cap)
NOI $101,407 @ 7.0% cap · market cap 13.52%
Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Dental Office Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store Home Appliance Store Locksmith

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

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,353
Businesses Nearby
16k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 62% Shops & Services 29% Dining 9%
Save-A-Lot Groceries
10,046 visits/mo 0.1 miles
BP Shops & Services
4,610 visits/mo 0.2 miles
Imo's Pizza Dining
1,495 visits/mo 0.1 miles

Demographics for 63118, MO

25,194
Population
14,770
Households
1.7
Avg Household Size
34
Median Age
38%
College-Educated
87%
High-School Grad
3.4 sq mi
ZIP Area
7,410
Density / Sq Mi
$57,268
Median Household Income
$44,717
Median Earnings
$952
Median Rent
$210,900
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

Frequently Asked Questions

What type of property is this?
Mixed-use property - Five units across two parcels include restaurant, music venue, studio, retail, and office space.
Where is this mixed-use property located?
The property is located at 3355-59 S Jefferson Avenue 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: Five units across two parcels, totaling 6,750 square feet; Corner building includes a restaurant, music venue, and second‑floor studio/loft; Adjacent building has separate retail and office spaces
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