Historic Mixed-Use Brick
For Sale
$1,550,000
213 N Main Street, Saint Charles, MO 63301
Commercial Sale, St Charles, MO
Property Size4,524 SF
Lot Size0.09 Acres
Price / SF$342.62
Days on Market28
Property Features for 213 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
City/St Charles
Directions
GPS
Standard status
Active
APN
6-009D-B033-00-0009.0000000
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8837
Building Details
Year built
1890
Floors in Building
2
Building materials
Brick
Listing Agency:
Manor Real Estate
(314) 647-6611
Listed By:
Ben Cherry · License #2006018085
(314) 647-6611
Added: Jul 29
Changed: Aug 24
Last Checked: Aug 25 at 9:06AM
MLS# 26048604
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.
Built in 1890, this brick mixed-use property contains 4,524 square feet across a ground-floor retail area and upper-level residential accommodations. The retail space is occupied by Reset, a clothing and shoe resale business, while the upper units function as apartment and Airbnb rentals. This configuration provides both commercial and residential income components within one building.
The property is located at 213 N Main Street in Saint Charles’ Historic Main Street District, near 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. Nearby traffic is reported at 77,283 vehicles per day, and the property has a Walk Score of 79/100.
The parcel encompasses 0.0861 acres in St. Charles County, Missouri. Its historic construction, mixed-use layout, and Main Street setting define the asset’s physical and operating profile.
The property is located at 213 N Main Street in Saint Charles’ Historic Main Street District, near 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. Nearby traffic is reported at 77,283 vehicles per day, and the property has a Walk Score of 79/100.
The parcel encompasses 0.0861 acres in St. Charles County, Missouri. Its historic construction, mixed-use layout, and Main Street setting define the asset’s physical and operating profile.
Key Highlights
- 4,524 SF mixed‑use building with retail and residential components
- 1890 construction with brick exterior
- Ground‑floor occupant is Reset, a clothing and shoe resale retailer
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$62,486
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
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.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
Current Use
Lease Details
77,283 VPD
Traffic count
Single-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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines ground-floor retail with upper-level apartment and Airbnb rentals.
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 SF mixed‑use building with retail and residential components; 1890 construction with brick exterior; Ground‑floor occupant is Reset, a clothing and shoe resale retailer
