Downtown Retail Building with Adjoining
1305 N Main O Fallon, MO 63366
1305 N Main, O Fallon, MO, 63366
$1,000,000
For Sale
$1,000,000
COMMERCIAL - O'Fallon, MO
Property Size2,400 SF
Lot Size0.68 Acres
Price / SF$416.67
Days on Market12
Property Features for 1305 N Main
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Standard status
- Active
- APN
- 2-042D-S017-00-0003.3100000
- Lot size
- 0.68 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 10926
Utilities
- Utilities
- Cable Available
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 1970
- Floors in Building
- 1
- Building materials
- Brick, Concrete, Block
Listing agency
Southern Oaks Realty, LLC
(636) 577-0312
Listed by
Nora Kitchen · License #1999026695
(636) 577-0312
Added: Jul 11 Updated: Jul 22 at 12:34PM Checked: Jul 22 at 4:06PM
MLS# 26041352
Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This downtown retail building offers approximately 2,400 square feet of commercial space and is paired with an adjoining large lot currently used as a car lot. The property features a new roof installed in 2024 and updated electrical and plumbing completed in 2015. The building is currently occupied by Sturgis 66 and Golden Cars, with both tenants scheduled to vacate prior to closing, supporting owner occupancy or new leasing.
The site has approximately 256 feet of highly visible frontage along North Main Street, providing direct exposure in central O’Fallon. The adjoining lot can support additional parking, expansion, or future development uses.
An additional adjacent vacant 1.21-acre parcel may also be available for purchase separately, which could allow for further parking, expansion, or future development. Lease may also be considered; call the listing broker for details.
The site has approximately 256 feet of highly visible frontage along North Main Street, providing direct exposure in central O’Fallon. The adjoining lot can support additional parking, expansion, or future development uses.
An additional adjacent vacant 1.21-acre parcel may also be available for purchase separately, which could allow for further parking, expansion, or future development. Lease may also be considered; call the listing broker for details.
Key Highlights
- Approximately 256 ft of frontage along N Main St in Downtown O'Fallon for high street exposure
- Over 2,400 SF of commercial space built in 1970 with brick, concrete, and block construction
- New roof installed in 2024; electrical and plumbing updates completed in 2015
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
Property Profile
Location Intelligence
Current Use by Public Records
Sturgis 66
Motorcycle Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Showroom - Retail building with updated roof, plus adjoining lot currently used as a car lot for parking and expansion.
Where is this showroom 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 frontage along N Main St in Downtown O'Fallon for high street exposure; Over 2,400 SF of commercial space built in 1970 with brick, concrete, and block construction; New roof installed in 2024; electrical and plumbing updates completed in 2015
