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10425 Old Olive Street Rd
Creve Coeur, MO 63141
Office Property For Sale


INVESTMENT HIGHLIGHTS
- Dense trade area nearby includes Schnuck's Supermarket, Dierberg's, Aldi, Costco, Walgreens, Trader Joe's, Starbuck's, Panera Bread, and much more
- Significant upside in rental rates since recent building renovations
- Central location: 20 minutes or less from Downtown St. Louis, Chesterfield, St. Charles & Lambert International Airport
- Over $500,000 in Capital Improvements completed since 2018
- Affluent St. Louis suburb: average household income of $113,994 in 2023
EXECUTIVE SUMMARY
Located at 10425 Old Olive Street Rd, Creve Coeur, MO 63141, this 21,793-square-foot free-standing investment property presents a prime opportunity for owner-users and investors alike. Situated on a 1.01-acre lot, the building, originally constructed in 1963 and extensively renovated in 2021, is currently approximately 86% occupied. The property is elevator-served and has benefited from over $500,000 in capital improvements since 2018, offering significant potential for increased rental rates post-renovation.
Strategically positioned in an affluent St. Louis suburb with an average household income of $113,994 as of 2023, the property is surrounded by a dense trade area featuring major retailers such as Schnuck's Supermarket, Dierberg's, Aldi, Costco, Walgreens, CVS, Trader Joe's, Starbucks, Panera Bread, Freddy's, and Panda Express. Its central location ensures convenient access, being within a 20-minute drive from Downtown St. Louis, Chesterfield, St. Charles, and Lambert-St. Louis International Airport.
Creve Coeur is recognized as a key hub for technology, life sciences, and health services in the St. Louis region, hosting prominent organizations like the Donald Danforth Plant Science Center and Bayer Corporation. The city offers a high quality of life with excellent educational institutions, ample parkland, and a variety of cultural amenities. Notable nearby landmarks include Creve Coeur Lake Memorial Park, the largest in the St. Louis County Parks system, offering extensive recreational facilities.
This property not only provides a solid investment in a thriving economic environment but also places tenants and visitors in proximity to a vibrant community rich in amenities and opportunities.
Strategically positioned in an affluent St. Louis suburb with an average household income of $113,994 as of 2023, the property is surrounded by a dense trade area featuring major retailers such as Schnuck's Supermarket, Dierberg's, Aldi, Costco, Walgreens, CVS, Trader Joe's, Starbucks, Panera Bread, Freddy's, and Panda Express. Its central location ensures convenient access, being within a 20-minute drive from Downtown St. Louis, Chesterfield, St. Charles, and Lambert-St. Louis International Airport.
Creve Coeur is recognized as a key hub for technology, life sciences, and health services in the St. Louis region, hosting prominent organizations like the Donald Danforth Plant Science Center and Bayer Corporation. The city offers a high quality of life with excellent educational institutions, ample parkland, and a variety of cultural amenities. Notable nearby landmarks include Creve Coeur Lake Memorial Park, the largest in the St. Louis County Parks system, offering extensive recreational facilities.
This property not only provides a solid investment in a thriving economic environment but also places tenants and visitors in proximity to a vibrant community rich in amenities and opportunities.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
21,793 SF
Building Class
B
Year Built/Renovated
1963/2021
Price
$1,895,000
Price Per SF
$86.95
Percent Leased
88%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
10,897 SF
Building FAR
0.50
Lot Size
1.01 AC
Zoning
F
Parking
86 Spaces (3.95 Spaces per 1,000 SF Leased)
AMENITIES
- Courtyard
- Property Manager on Site
- Signage
PROPERTY TAXES
| Parcel Number | 17M-43-0311 | Improvements Assessment | $419,070 |
| Land Assessment | $168,930 | Total Assessment | $588,000 |
PROPERTY TAXES
Parcel Number
17M-43-0311
Land Assessment
$168,930
Improvements Assessment
$419,070
Total Assessment
$588,000
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