Contacts
Manor Real Estate
Manor Real Estate
Property Details
- Property Type Retail
- Property Size 5,435 SF
- Lot Size 8,312 SF
- Cap Rate % 7.1
- Zoning H
- # of Floors 1
- Property Tenancy Multi-Tenant
- Year Built 1894
- Year Renovated 2016
- Date Updated Sep 16, 2025
3131–3137 Olive Street presents a stabilized restaurant investment with clear upside in St. Louis’ Midtown corridor. The property totals ±5,372 SF and is 75% leased to Salsa Rosada through 2027, providing reliable income with annual rent escalations. The ±1,350 SF eastern bay is currently vacant, offering investors additional NOI potential when leased at market rates. Originally built in 1894 and fully renovated in 2016, the building combines historic character with modern systems and ADA compliance. Located along Olive Street near Saint Louis University, and The City Foundry this property is positioned within one of the city’s most active growth areas.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Prime Midtown STL corridor near SLU, City Foundry, and Armory STL
- Historic 1894 building, fully renovated in 2016 with modern systems
- Attractive cap rate profile with upside – 7% current, 9–10% stabilized
- 1,350 SF Eastern Bay vacancy offering $24K/year upside potential
- 75% leased to Reputable Restaurant through 2027 with annual rent escalations
Attachments
Getting around
-
83/100
Walk Score ®
-
52/100
Transit Score ®
-
64/100
Bike Score ®
Location
- City St. Louis, MO
- Neighborhood Midtown Saint Louis
- Zip Code 63103
- Market St Louis
Points of Interest
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Union Station - Elevator Access
1.13 miles
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Union Station
1.15 miles
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Union Station - Stair Access
1.18 miles
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St. Louis - Gateway Station
1.39 miles
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8th & Pine
1.82 miles
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Missouri History Museum/Forest Park
3.34 miles
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Forest Park - DeBaliviere Metrolink
3.38 miles
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The Wild Station
3.46 miles
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Discovery Corner Station
3.58 miles
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Delmar Loop Metrolink
3.98 miles
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ChargePoint
0.43 miles
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BP
0.68 miles
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Crown
1.10 miles
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Zephyr Xpress
1.17 miles
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QuikTrip
1.28 miles
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Phillips 66
1.44 miles
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Shell
1.52 miles
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EV Connect
1.65 miles
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Tesla Supercharger
2.21 miles
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EVgo Charging Station
2.55 miles
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Olive Compton Parking Garage
0.11 miles
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Lot 8
0.41 miles
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Lot 7
0.41 miles
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Lot 6
0.42 miles
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Lot 5
0.43 miles
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Market Street Parking Garage
0.49 miles
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Fox theater parking garage
0.49 miles
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Lot 3
0.50 miles
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Scottish Rite Garage
0.50 miles
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Lot 22
0.55 miles
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Pappy's BBQ
0.06 miles
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Pappy's Smokehouse
0.06 miles
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The Fountain on Locust
0.10 miles
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Triumph Grill
0.23 miles
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Sunrise
0.32 miles
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Jazz At The Bistro
0.39 miles
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The Best Steak House
0.42 miles
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Kota Wood Fire Grill
0.42 miles
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Commonwealth
0.42 miles
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Stage Left Grille
0.44 miles
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Fresh Thyme
0.75 miles
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Save-A-Lot
0.79 miles
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Target
0.84 miles
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St. Louis Union Station
1.04 miles
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Fields Foods
1.14 miles
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Schnucks
1.28 miles
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Copia Wine Mart and Bodega
1.61 miles
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N & M Food Market
1.70 miles
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ALDI
1.77 miles
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Burlington
4.42 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
