Downtown Retail Storefront with
1305 N Main O Fallon, MO 63366
New
1305 N Main, O Fallon, MO, 63366
$1,000,000
For Sale
$1,000,000
Retail storefront property with about 256 feet of North Main Street frontage and an adjoining car lot for parking or expansion.
Property Size2,400 SF
Price / SF$416.67
Days on Market2
Property Features for 1305 N Main
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1970
Listing agency
Southern Oaks Realty, LLC
(217) 641-2995
Listed by
Nora Kitchen () · License #1999026695
Source
Farlowrealestateexperts
Added: Jul 20 Updated: Jul 21 at 2:26PM Checked: Jul 21 at 2:26PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Southern Oaks Realty, LLC
Investment Insights
Based on property information with market context.
This downtown retail storefront offers approximately 2,400 square feet of commercial space and includes an adjoining large lot currently used as a car lot. The property is occupied by Sturgis 66 and Golden Cars, and both tenants are set to vacate prior to closing, creating the option for immediate owner occupancy or new leasing.
The site features about 256 feet of frontage along North Main Street, providing exposure for a variety of commercial uses. Reported improvements include a new roof installed in 2024, along with updated electrical and plumbing systems completed in 2015.
An additional adjacent vacant 1.21-acre parcel may be available for purchase separately, which could support further parking, expansion, or future development depending on the buyer’s plans.
The site features about 256 feet of frontage along North Main Street, providing exposure for a variety of commercial uses. Reported improvements include a new roof installed in 2024, along with updated electrical and plumbing systems completed in 2015.
An additional adjacent vacant 1.21-acre parcel may be available for purchase separately, which could support further parking, expansion, or future development depending on the buyer’s plans.
Key Highlights
- Approximately 256 ft of highly visible frontage along North Main Street in Downtown O'Fallon.
- Over 2,400 SF commercial building with current tenants Sturgis 66 and Golden Cars scheduled to vacate prior to closing.
- Adjoining large lot currently used as a car lot, adding parking, expansion possibilities, or future development options.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $54.4k | $22.68 |
| − Vacancy | −$7.1k | −$2.95 |
| EGI | $47.4k | $19.73 |
| − OpEx | −$14.2k | −$5.92 |
| NOI | $33.1k | $13.81 |
2,400 SF · lease $22.68/SF/yr · vacancy 13.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$473.6K
$414.4K – $552.5K
NOI $33,149 @ 7.0% cap · market cap 3.31%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$635.2K
$555.8K – $741.1K
NOI $44,463 @ 7.0% cap · market cap 4.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Sturgis 66
Motorcycle Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - Retail storefront property with about 256 feet of North Main Street frontage and an adjoining car lot for parking or expansion.
Where is this storefront property located?
The property is located at 1305 N Main O Fallon, MO.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Approximately 256 ft of highly visible frontage along North Main Street in Downtown O'Fallon.; Over 2,400 SF commercial building with current tenants Sturgis 66 and Golden Cars scheduled to vacate prior to closing.; Adjoining large lot currently used as a car lot, adding parking, expansion possibilities, or future development options.
