For Sale
$8,500,000

915 Olive St StSt. Louis, MO 63101

70-unit apartment building, prime downtown location.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property, located at 915 Olive Street in St. Louis, Missouri, presents a unique investment opportunity. The Syndicate, a historically significant building added to the National Registry of Historic Places in 2002, offers 70 apartment units spanning floors 4-8, totaling 46,200 net rentable square feet. Originally constructed in 1907 and extensively renovated in 2006, the building boasts condo-quality finishes and spacious units averaging 1,476 square feet. The property also includes 19,152 square feet of ground-level retail space, with a portion currently occupied by established tenants, American Dental Partners of Missouri and Clarkson Eyecare, and significant vacant space offering value-add potential through lease-up. Situated on a 0.69-acre lot in the vibrant Mercantile Exchange district, this prime location offers unparalleled walkability to major attractions including the Gateway Arch National Park, Busch Stadium, and the St. Louis Convention Center. The building's central location and proximity to amenities, including a nearby Schnucks grocery store, contribute to its strong historical occupancy. The asking price is $8,500,000. Potential buyers may qualify for Historic Tax Credits. This is a rare chance to acquire a landmark property in a thriving downtown area, offering both immediate income and significant long-term growth potential.

Highlights

  • 70 multifamily units (46,200 net rentable sq ft) on floors 4-8, plus 19,152 sq ft of ground-level retail space in St. Louis, MO.
  • Sub 7% vacancy over the past 3 years.
  • Spacious units averaging 1,476 sq ft with condo-quality finishes.
  • Built in 1907, converted to multifamily in 2006; third-party managed since 2005.
  • High barrier to entry market; acquisition opportunity below replacement cost.
  • National Register of Historic Places listing; potential for Historic Tax Credits.

Property Details for 915 Olive St St

Property type
Retail properties, Mixed-use properties
Year Built/Renovated
1907/2006
Buildings
1
Lot Size (sq. ft)
30,056 SF
Units
70

Location Insight

City
St. Louis
County
State
Missouri
Latitude
38.629406860119
Longitude
-90.19447349108
915 Olive St St, St. Louis, Missouri

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
915 Olive St St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message