Historic Main Street Mixed-Use
138 N Main Street, Saint Charles, MO 63301
For Sale
$725,000
Commercial Sale, St Charles, MO
Property Size5,077 SF
Lot Size0.16 Acres
Price / SF$142.80
Days on Market81
Property Features for 138 N Main Street
General Information
Property type
Property subtype
Subdivision
Directions
Standard status
APN
Lot size
Taxes and HOA fees
Tax Year
Tax Annual Amount
Building Details
Year built
Floors in Building
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License MO #2006018085
3146476611x11
Added: Aug 24
Changed: Oct 21
Last Checked: Nov 12 at 6:06AM
MLS# 26048597
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This circa-1890 brick mixed-use property occupies a 0.16-acre parcel at 138 N Main Street in St. Charles. The ground floor is leased to La Tia and Pancho's Cantina Grill, which has operated at the property for 10 years. The second and third floors are identified for renovation into apartment units, creating a combination of commercial and potential residential space. The property carries Central Business District (AA4) zoning, supporting commercial and residential uses.
The building has 28 feet of frontage along Main Street in the Historic Main Street District. The setting includes nearby access to the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site. The surrounding district includes brick-paved streets, boutique shopping, dining, and seasonal festivals. A nearby traffic count is reported at 77,283 vehicles per day, and the property has a Walk Score of 79/100.
The building has 28 feet of frontage along Main Street in the Historic Main Street District. The setting includes nearby access to the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site. The surrounding district includes brick-paved streets, boutique shopping, dining, and seasonal festivals. A nearby traffic count is reported at 77,283 vehicles per day, and the property has a Walk Score of 79/100.
Key Highlights
- Circa‑1890 brick mixed‑use building on a 0.16‑acre parcel
- 28 feet of Main Street frontage in St. Charles' Historic Main Street District
- Ground‑floor restaurant tenant has operated at the property for 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,611
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,220
$1.3M
Cap Rate 7%
$894,443
$894.4K
Cap Rate 9%
$695,678
$695.7K
Market Conditions
NOI Build-Up for 5,077 SF
Gross rent
$115.1K $22.68/SF
− Vacancy
−$15.0K −$2.95/SF
EGI
$100.2K $19.73/SF
− OpEx
−$37.6K −$7.40/SF
NOI
$62.6K $12.33/SF
Area
St. Charles County, MO
Vacancy
13.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,220
Cap Rate 7%
$894,443
Cap Rate 9%
$695,678
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,510 @ 7.0% cap · market cap 12.76%
Second Best
Retail
$1.00M
$876.6K – $1.17M
NOI $70,124 @ 7.0% cap · market cap 9.67%
Theoretical Best
Warehouse
$1.34M
$1.18M – $1.57M
NOI $94,057 @ 7.0% cap · market cap 12.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
77,283 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
1,657
Businesses Nearby
Explore this area
Business Placement
Demographics for 63301, MO
50,890
Population
22,687
Households
2.2
Avg Household Size
39
Median Age
39%
College-Educated
94%
High-School Grad
84.3 sq mi
ZIP Area
604
Density / Sq Mi
$83,551
Median Household Income
$46,433
Median Earnings
$1,093
Median Rent
$249,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Brick commercial building with an operating restaurant and upper floors identified for residential conversion.
Where is this mixed-use property located?
The property is located at 138 N Main Street Saint Charles, MO.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Circa‑1890 brick mixed‑use building on a 0.16‑acre parcel; 28 feet of Main Street frontage in St. Charles' Historic Main Street District; Ground‑floor restaurant tenant has operated at the property for 10 years
