Midtown Stabilized Investment Opportunity

For Sale

3131-3137 Olive Street St. Louis, St. Louis, MO 63103

This St. Louis property for sale is located at 3131-3137 Olive Street St. Louis. The current listed sale price for Midtown Stabilized Investment Opportunity is $999,000. Midtown Stabilized Investment Opportunity is situated on a lot that is 8,312 square feet in size.

Contacts

Caleb Anthonis

Manor Real Estate

Ben Cherry

Manor Real Estate

Property Details

  • Property Type Retail
  • Property Size 5,435 SF
  • Lot Size 8,312 SF
  • Cap Rate % 11.21
  • Zoning H
  • # of Floors 1
  • Property Tenancy Multi-Tenant
  • Year Built 1894
  • Year Renovated 2016
  • Date Updated May 12, 2026

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 100% leased to Salsa Rosada through 2027, providing reliable income with annual rent escalations. 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.

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Highlights

  • Prime Midtown STL corridor near SLU, City Foundry, and Armory STL
  • Historic 1894 building, fully renovated in 2016 with modern systems
  • 100% Occupied with Salsa Rosada Restaurant (term thru 11/2027) and Latte Lounge (term thru 2031) – both have renewal options
  • Attractive cap rate profile 10.16% with Updside via renewals and decreasing operating expenses

Attachments

Getting around

  • 83/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 64/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City St. Louis, MO
  • Neighborhood Midtown Saint Louis
  • Zip Code 63103
  • Market St Louis

Points of Interest

  • Union Station - Elevator Access

    1.13 miles

  • Union Station

    1.15 miles

  • Union Station - Stair Access

    1.18 miles

  • St. Louis - Gateway Station

    1.39 miles

  • 8th & Pine

    1.82 miles

  • Missouri History Museum/Forest Park

    3.34 miles

  • Forest Park - DeBaliviere Metrolink

    3.38 miles

  • The Wild Station

    3.46 miles

  • Discovery Corner Station

    3.58 miles

  • Delmar Loop Metrolink

    3.98 miles

  • ChargePoint

    0.43 miles

  • BP

    0.68 miles

  • Crown

    1.10 miles

  • Zephyr Xpress

    1.17 miles

  • QuikTrip

    1.28 miles

  • Phillips 66

    1.44 miles

  • Shell

    1.52 miles

  • EV Connect

    1.65 miles

  • Tesla Supercharger

    2.21 miles

  • EVgo Charging Station

    2.55 miles

  • Olive Compton Parking Garage

    0.11 miles

  • Lot 8

    0.41 miles

  • Lot 7

    0.41 miles

  • Lot 6

    0.42 miles

  • Lot 5

    0.43 miles

  • Market Street Parking Garage

    0.49 miles

  • Fox theater parking garage

    0.49 miles

  • Lot 3

    0.50 miles

  • Scottish Rite Garage

    0.50 miles

  • Lot 22

    0.55 miles

  • Pappy's BBQ

    0.06 miles

  • Pappy's Smokehouse

    0.06 miles

  • The Fountain on Locust

    0.10 miles

  • Triumph Grill

    0.23 miles

  • Sunrise

    0.32 miles

  • Jazz At The Bistro

    0.39 miles

  • The Best Steak House

    0.42 miles

  • Kota Wood Fire Grill

    0.42 miles

  • Commonwealth

    0.42 miles

  • Stage Left Grille

    0.44 miles

  • Fresh Thyme

    0.75 miles

  • Save-A-Lot

    0.79 miles

  • Target

    0.84 miles

  • St. Louis Union Station

    1.04 miles

  • Fields Foods

    1.14 miles

  • Schnucks

    1.28 miles

  • Copia Wine Mart and Bodega

    1.61 miles

  • N & M Food Market

    1.70 miles

  • ALDI

    1.77 miles

  • Burlington

    4.42 miles

Contact Midtown Stabilized Investment Opportunity
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