- For Sale $999,000
- 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
Description
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.
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
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Contacts
Caleb Anthonis
Manor Real Estate
Ben Cherry
Manor Real Estate
Location
Located at 3131-3137 Olive Street St. Louis, St. Louis, MO 63103, this property is part of the Midtown Saint Louis neighborhood and St Louis market.
Contact Midtown Stabilized Investment Opportunity
