<ARTICLE>           5
<LEGEND>
This schedule contains summary financial information extracted from the
Financial Statements for Nooney Realty Trust, Inc. and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1997
<PERIOD-START>                             JAN-01-1998
<PERIOD-END>                               MAR-31-1998
<CASH>                                         656,471
<SECURITIES>                                         0
<RECEIVABLES>                                  227,069
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                               985,937
<PP&E>                                      20,297,632
<DEPRECIATION>                               6,684,724
<TOTAL-ASSETS>                              14,793,454
<CURRENT-LIABILITIES>                          326,079
<BONDS>                                      4,717,341
<COMMON>                                       866,624
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                          0
<OTHER-SE>                                   9,709,029
<TOTAL-LIABILITY-AND-EQUITY>                14,793,454
<SALES>                                        767,824
<TOTAL-REVENUES>                               769,268
<CGS>                                                0
<TOTAL-COSTS>                                        0
<OTHER-EXPENSES>                               698,623
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                              99,394
<INCOME-PRETAX>                                (28,749)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                                  0
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                   (28,749)
<EPS-PRIMARY>                                     (.03)
<EPS-DILUTED>                                        0