Downtown St. Louis Commercial
For Sale
Contact for pricing
920 Olive St, Saint Louis, MO 63101
7,078 SF commercial condo in the heart of downtown.
Property Size7,078 SF
Price / SF$105.96
Days on Market759
Property Features for 920 Olive St
General Information
Standard status
Active
Size
7,078 SF
Property subtype
Retail
Zoning
I - Central Business District
Lease Type
NNN
Building Details
Year Built
1920
Year Renovated
2005
Buildings
1
Stories
2
Units
1
Listing Agency:
Manor Real Estate
Listed By:
Ben Cherry, CCIM · License #MO 2006018085
(314) 647-6611
Source:
Crexi
Added: Sep 8, 2024
Changed: Oct 4
Last Checked: Oct 5 at 6:45PM
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 condo is available for sale in the Bell Lofts Building. Ideally located at the intersection of Olive and 10th Street in the heart of Downtown St. Louis' Central Business District, the condo is configured for a restaurant, bar, and/or event space. It can accommodate 180 patrons. An interior mezzanine level, accessible by elevator, provides additional seating. The property features an open kitchen area and a full basement for food storage, coolers, and utilities. All furniture, fixtures, and equipment are included. The Bell Lofts building features 24 residential condos and is on the National Registry of Historic Places.
Key Highlights
- 7,078 S.F. commercial condo configured for a restaurant, bar, and/or event space.
- Includes all furniture, fixtures, and equipment.
- Interior mezzanine level (accessible by elevator) for additional seating.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,418
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,360
$608.4K
Cap Rate 7%
$434,543
$434.5K
Cap Rate 9%
$337,978
$338.0K
Market Conditions
NOI Build-Up for 7,078 SF
Gross rent
$42.5K $6.00/SF
− Vacancy
−$1.9K −$0.27/SF
EGI
$40.6K $5.73/SF
− OpEx
−$10.1K −$1.43/SF
NOI
$30.4K $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%
$608,360
Cap Rate 7%
$434,543
Cap Rate 9%
$337,978
Alternative Uses
Best Use
Specialty Retail
$434.5K
$380.2K – $507.0K
NOI $30,418 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
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
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,302
Businesses Nearby
78k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Hotels & Casinos 38%
Dining 32%
Groceries 16%
Shops & Services 13%
McDonald's
Dining
22,069 visits/mo
0.5 miles
Marriott St. Louis Grand
Hotels & Casinos
13,023 visits/mo
0.1 miles
Schnucks
Groceries
12,829 visits/mo
0.0 miles
Holiday Inn St. Louis - Downtown Conv Ctr
Hotels & Casinos
7,878 visits/mo
0.2 miles
Hampton Inn St. Louis-Downtown at the Gateway Arch
Hotels & Casinos
6,458 visits/mo
0.4 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- St. Louis Sportservice by Delaware North — 405 s broadway, st. louis, mo 63102
- 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
- The Croquetterie — 1610 Olive St, St. Louis, MO 63108
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 920 Olive 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 S.F. commercial condo configured for a restaurant, bar, and/or event space.; Includes all furniture, fixtures, and equipment.; Interior mezzanine level (accessible by elevator) for additional seating.
