Ground Floor Flex/Office
703 N 13th St Saint Louis, MO 63103
703 N 13th St, Saint Louis, MO, 63103
$698,500
For Sale
$698,500
Ground floor commercial condo features a large open area, 15-foot ceilings, and offices plus restrooms and conference space.
Property Size15,980 SF
Price / SF$43.71
Days on Market445
Property Features for 703 N 13th St
General Information
- Standard status
- Active
- Size
- 15,980 SF
Listing agency
Cardinal Realty Group
(314) 607-2928
Listed by
Hal Hanstein
(314) 607-2928
Source
Exprealty
Added: May 4, 2025 Updated: Jul 21 at 1:03PM Checked: Jul 21 at 1:03PM
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 Cardinal Realty Group
Investment Insights
Based on property information with market context.
This ground floor commercial condo offers a large open area with 15-foot ceilings and wood column spacing, complemented by attractive wood ceilings. The space is brightly lit with oversized windows on all four sides and includes concrete floors throughout. Sprinkler coverage is in place, and the property is equipped with heavy three-phase electric service.
Support space totals includes offices, a conference room, a kitchen/break area, and restrooms. Loading docks are located on the south side of the building, supporting a variety of operational needs.
Historically, the building is known as Elder Shirt Lofts, and it has also been used for promotional products manufacturing and later as a social club. The unit is available for sale.
Support space totals includes offices, a conference room, a kitchen/break area, and restrooms. Loading docks are located on the south side of the building, supporting a variety of operational needs.
Historically, the building is known as Elder Shirt Lofts, and it has also been used for promotional products manufacturing and later as a social club. The unit is available for sale.
Key Highlights
- Ground floor commercial condo with 15,989 SF total, including an approx. 12,480 SF open area
- Open area has 15‑foot ceilings and 16' x 16' wood column spacing with wood ceilings and oversized windows on all four sides
- Includes 3,500 SF support space with offices, a conference room, kitchen/break area, and restrooms
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.8k | $5.93 |
| − Vacancy | −$4.3k | −$0.27 |
| EGI | $90.5k | $5.66 |
| − OpEx | −$27.1k | −$1.70 |
| NOI | $63.3k | $3.96 |
15,980 SF · lease $5.93/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$2.79M
$2.44M – $3.25M
NOI $195,011 @ 7.0% cap · market cap 27.92%
Second Best
Industrial
$905.0K
$791.9K – $1.06M
NOI $63,348 @ 7.0% cap · market cap 9.07%
Theoretical Best
Office A
$3.43M
$3.00M – $4.00M
NOI $240,071 @ 7.0% cap · market cap 34.37%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hotel Jefferson
Hotel & Motel
Elder Shirt Lofts
Condominium Complex
MEDINA PORTRAITS
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- St. Louis Sportservice by Delaware North — 405 s broadway, st. louis, mo 63102
- The Croquetterie — 1610 Olive St, St. Louis, MO 63108
- 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
FAQs
What type of property is this?
Flex space - Ground floor commercial condo features a large open area, 15-foot ceilings, and offices plus restrooms and conference space.
Where is this flex space located?
The property is located at 703 N 13th St Saint Louis, MO.
What is the asking price?
The asking price for this property is $698,500.
What are key features of this property?
This property features: Ground floor commercial condo with 15,989 SF total, including an approx. 12,480 SF open area; Open area has 15‑foot ceilings and 16' x 16' wood column spacing with wood ceilings and oversized windows on all four sides; Includes 3,500 SF support space with offices, a conference room, kitchen/break area, and restrooms
