Historic Brick Mixed-Use
For Sale
$800,000
138 N Main Street, Saint Charles, MO 63301
The upper two floors offer renovation potential for apartment use alongside an established ground-floor restaurant.
Property Size5,077 SF
Lot Size0.16 Acres
Price / SF$157.57
Days on Market88
Property Features for 138 N Main Street
General Information
Standard status
Active
Size
5,077 SF
Lot size
0.16 Acres
Property subtype
Commercial
Zoning
AA4
Net Operating Income
$45,000
Financials
Asking Price
$800,000
Cap Rate
5.6%
Site & Location
Frontage
28 ft
Traffic Count
77,283 vehicles/day
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$7,717
Building Details
Building Size
5,077 SF
Year Built
1890
Buildings
1
Stories
2
Construction
brick
Listing Agency:
Manor Real Estate
Listed By:
Ben Cherry · License #2006018085
(314) 647-6611
Source:
Flowershomerealty
Added: Jul 29
Changed: Oct 23
Last Checked: Oct 23 at 1:26PM
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 Manor Real Estate
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 5,077-square-foot brick property dates to 1890 and occupies a 0.16-acre parcel in Saint Charles’ Historic Main Street District. The ground level is occupied by La Tia and Pancho's Cantina Grill, a restaurant that has operated at this address for a decade. The second and third floors are identified for renovation into apartments, creating a potential residential component above the existing commercial use.
The building has 28 feet of frontage on North Main Street and is zoned AA4 in the Central Business District. The property is near the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site. A reported nearby traffic count is 77,283 vehicles per day.
The building has 28 feet of frontage on North Main Street and is zoned AA4 in the Central Business District. The property is near the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site. A reported nearby traffic count is 77,283 vehicles per day.
Key Highlights
- 5,077‑square‑foot brick building constructed in 1890
- 0.16‑acre parcel with 28 feet of Main Street frontage
- Ground‑floor restaurant tenant has operated at this address for 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,611
Cap Rate
7.83%
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 11.56%
Second Best
Mixed Use
$894.4K
$782.6K – $1.04M
NOI $62,611 @ 7.0% cap · market cap 7.83%
Theoretical Best
Warehouse
$1.34M
$1.18M – $1.57M
NOI $94,057 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Contact the owner directly
Get the owner's phone numbers and email
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 - The upper two floors offer renovation potential for apartment use alongside an established ground-floor restaurant.
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 $800,000.
What are key features of this property?
This property features: 5,077‑square‑foot brick building constructed in 1890; 0.16‑acre parcel with 28 feet of Main Street frontage; Ground‑floor restaurant tenant has operated at this address for 10 years
