Downtown St. Louis Commercial
For Sale
Contact for pricing
918-920 Olive St St., Saint Louis, MO
7,078 SF commercial condo in the heart of downtown.
Property Size7,078 SF
Lot Size0.32 Acres
Price / SF$105.96
Days on Market1060
Property Features for 918-920 Olive St St.
General Information
Standard status
Active
Size
7,078 SF
Lot size
0.32 Acres
Property subtype
RETAIL
Listing Agency:
Manor Real Estate
(314) 518-5010
Listed By:
Benjamin R Cherry
(314) 518-5010
Source:
Moodyscre
Added: Sep 5, 2023
Changed: Jul 6
Last Checked: Jul 21 at 5:09AM
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.
A 7,078 square foot commercial first-floor condo is available for sale in the Bell Lofts Building. The condo is configured for a restaurant, bar, or event space, and can accommodate 180 patrons. It features an interior mezzanine level, accessible by elevator, for additional seating, as well as an open kitchen area. A full basement provides space for food storage, coolers, and utilities. All furniture, fixtures, and equipment are included. The Bell Lofts, which features 24 residential condos, is located at the intersection of Olive and 10th Street in the heart of Downtown St. Louis' Central Business District and is on the National Registry of Historic Places.
Key Highlights
- 7,078 SF commercial condo ideal for restaurant, bar, or event space
- Includes all furniture, fixtures, and equipment
- Can accommodate 180 patrons with an open kitchen area
Financial Insights For Specialty Retail
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 | $42.5k | $6.00 |
| − Vacancy | −$1.9k | −$0.27 |
| EGI | $40.6k | $5.73 |
| − OpEx | −$10.1k | −$1.43 |
| NOI | $30.4k | $4.30 |
7,078 SF · lease $6.00/SF/yr · vacancy 4.50% · expense 25.00%
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.59M
NOI $95,215 @ 7.0% cap · market cap 12.70%
Second Best
Specialty Retail
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,334 @ 7.0% cap · market cap 14.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,640
Businesses Nearby
71k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 46%
Shops & Services 26%
Groceries 23%
Apparel 2%
Aldi
Groceries
16,454 visits/mo
0.4 miles
White Castle
Dining
13,576 visits/mo
0.4 miles
Mobil
Shops & Services
10,542 visits/mo
0.5 miles
Taco Bell
Dining
8,970 visits/mo
0.4 miles
Family Dollar
Shops & Services
8,356 visits/mo
0.5 miles
Market
Properties on Market for Restaurants in St. Louis County
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
Frequently Asked Questions
What type of property is this?
Restaurant - 7,078 SF commercial condo in the heart of downtown.
Where is this restaurant located?
The property is located at 918-920 Olive St St. 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: 7,078 SF commercial condo ideal for restaurant, bar, or event space; Includes all furniture, fixtures, and equipment; Can accommodate 180 patrons with an open kitchen area
