A rare stabilized retail investment opportunity is now available in the heart of St. Louis’s thriving Midtown corridor, where 3131–3137 Olive Street offers investors reliable income, long-term tenancy, and meaningful upside potential in one of the city’s most actively developing submarkets. Totaling approximately 5,372 square feet and 100% leased to two established tenants, this fully occupied mixed-use retail building delivers the kind of immediate cash flow and lease security that discerning investors seek in today’s market.

The property is currently home to two operating tenants providing complementary and community-serving concepts. Salsa Rosada is leased through 2027 and Latte Lounge through 2031, offering an investor a staggered lease maturity profile that reduces rollover risk while providing natural opportunities to mark rents to market at renewal. Both leases include annual rent escalations, ensuring that income grows steadily over time and that the investment keeps pace with inflation and rising market rents in this rapidly appreciating corridor.

Originally constructed in 1894 and comprehensively renovated in 2016, the building strikes the ideal balance between historic architectural character and modern operational functionality. The renovation brought the property into full ADA compliance and updated its core building systems, delivering a well-maintained asset that requires minimal near-term capital investment and is positioned to attract and retain quality tenants for years to come. The building’s historic charm and street presence along Olive Street contribute to its appeal as a neighborhood retail destination.

The property’s location along Olive Street places it at the center of Midtown St. Louis’s remarkable transformation. Immediate proximity to Saint Louis University’s growing campus and City Foundry STL, the acclaimed adaptive reuse food and retail destination, positions this investment within one of the city’s strongest and most dynamic growth corridors. Continued residential development, institutional investment, and consumer activity in the surrounding neighborhood support strong long-term demand for retail space at this address.

For investors seeking a fully leased, historically significant, and well-located retail asset with embedded rent growth and a compelling Midtown St. Louis story, 3131–3137 Olive Street is an opportunity worthy of serious consideration.