Retail Business for Sale in St. Louis, MO

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: St. Louis, MO 63117

Description

Available sqft: 6309 Property Info: High profile former restaurant site available for sublease 6,309 SF Freestanding Building on 1.09 Acres The property is located at the doorstep of Clayton and the 1 million sq. ft. of retail and 7.5 million sq. feet of office space. The city of Clayton is home to the St. Louis metropolitan area's second largest commercial district. Located a block from the 1.2 M SF Galleria Mall anchored by Nordstrom's, Macy's and Dillard's Clayton lies in the center of the St. Louis metropolitan area and features immediate access to several major thoroughfares, including I-64 and I-170 and nearby access to I-44 and I-70.

Market Context

This retail in St. Louis, MO is listed for sale. It has been on the market for 148 days. Compare it against other retail listings for sale in St. Louis, MO — <a href="/search/sale/retail/missouri/st-louis">view the full market</a>.

As of Q4 2023, the St. Louis retail market showed a 6.2% vacancy rate, average asking rents near $14.31/SF/yr, and cap rates around 5.0%. Source: Consensus Q4 2023 market report.

Retail market FAQ

What is the typical cap rate for retail in St. Louis?
About 5.0% as of Q4 2023, per Consensus.
Is the St. Louis retail market tightening or softening?
Vacancy is around 6.2% (Q4 2023).

Unified Estimate

Low Confidence

$134.30/SF – $181.70/SF

Mid: $158.00/SF

Rate estimator only; cost-of-business estimate unavailable.

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