For Sale
$8,500,000

915 Olive St St St. Louis, MO 63101

70-unit apartment building, prime downtown location.

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Retail property - 70-unit apartment building, prime downtown location.
Where is the retail property located?
The property is located at 915 Olive St St St. Louis, MO.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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915 Olive St St
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