Property profile

1700-1706 Olive St St St. Louis, MO 63103

OFF-MARKET
Office Spaces
38,640 SF Built 1918
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Property summary

AI-generated overview

This exceptional 38,640 square foot creative office building at 1706 Olive Street in St. Louis, Missouri, presents a unique investment opportunity. Built in 1918, this concrete structure boasts a full basement, 80' x 69' footprint, and 5,520 square foot floor plates. The building features ample natural light with windows on all four sides, along with one freight elevator and one passenger elevator, and a convenient corner stairwell. Its prime location offers unparalleled access to key city amenities. It sits directly across Olive Street from the $130 million redevelopment of the Butler Brothers Building, just two blocks east of both the St. Louis Police Headquarters and the new Major League Soccer stadium, and three blocks northeast of the renovated Union Station. This historic building is eligible for federal and state historic tax credits, presenting significant potential for investors. The property's substantial size and desirable location make it ideal for adaptive reuse and redevelopment, catering to a variety of creative office tenants. The building's solid concrete construction, including floors and roof, ensures durability and longevity. This is a rare chance to acquire a landmark property in a rapidly developing area of St. Louis. The asking price is $995,000. The zip code is 63103.

Property profile

Verified
Property type Office Spaces
Year built 1918
Total area 38,640 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1700-1706 Olive St St St. Louis, MO 63103
St. Louis metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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