Mixed-Use Building with
213 N Main Street, Saint Charles, MO 63301
For Sale
$1,550,000
Street-level retail is paired with apartment and short-term rental units on the upper floors.
Property Size4,524 SF
Price / SF$342.62
Days on Market108
Property Features for 213 N Main Street
General Information
Standard status
Size
Property subtype
Net Operating Income
Financials
Asking Price
Cap Rate
Tenancy & Operations
Currently Operating
Tenant in Place
Additional Details
Mixed-Use Components
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Stories
Construction
Tenancy
Listing Agency:
Manor Real Estate
Listed By:
Ben Cherry · License MO #2006018085
(314) 647-6611
Source:
Finehomesbydawn
Added: Jul 29
Changed: Nov 12
Last Checked: Nov 13 at 3:51AM
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
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Investment Insights
Based on property information with market context.
At 213 N Main Street, this 4,524-square-foot brick building dates to 1890 and combines ground-floor retail with residential use above. The retail space is occupied by Reset, a clothing and shoe resale business. Upper-level units are operated as apartments and Airbnb rentals, providing a mix of commercial and residential income. The reported cap rate is 5.35%.
The property is in Saint Charles’ Historic Main Street District. Nearby destinations include the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site. The surrounding district features shopping, dining, and seasonal festivals. Reported nearby traffic is 77,283 vehicles per day, and the property has a Walk Score of 79/100.
The property is in Saint Charles’ Historic Main Street District. Nearby destinations include the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site. The surrounding district features shopping, dining, and seasonal festivals. Reported nearby traffic is 77,283 vehicles per day, and the property has a Walk Score of 79/100.
Key Highlights
- 4,524‑square‑foot brick building constructed in 1890
- Ground‑floor retail occupied by Reset, a clothing and shoe resale business
- Upper floors include apartment and Airbnb rental units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,486
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,720
$1.2M
Cap Rate 7%
$892,657
$892.7K
Cap Rate 9%
$694,289
$694.3K
Market Conditions
NOI Build-Up for 4,524 SF
Gross rent
$102.6K $22.68/SF
− Vacancy
−$13.3K −$2.95/SF
EGI
$89.3K $19.73/SF
− OpEx
−$26.8K −$5.92/SF
NOI
$62.5K $13.81/SF
Area
St. Charles County, MO
Vacancy
13.00%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,249,720
Cap Rate 7%
$892,657
Cap Rate 9%
$694,289
Alternative Uses
Best Use
Retail
$892.7K
$781.1K – $1.04M
NOI $62,486 @ 7.0% cap · market cap 4.03%
Second Best
Mixed Use
$797.0K
$697.4K – $929.9K
NOI $55,791 @ 7.0% cap · market cap 3.60%
Theoretical Best
Warehouse
$1.20M
$1.05M – $1.40M
NOI $83,812 @ 7.0% cap · market cap 5.41%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Street-level retail is paired with apartment and short-term rental units on the upper floors.
Where is this mixed-use property located?
The property is located at 213 N Main Street Saint Charles, MO.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: 4,524‑square‑foot brick building constructed in 1890; Ground‑floor retail occupied by Reset, a clothing and shoe resale business; Upper floors include apartment and Airbnb rental units
