Historic Office
For Sale
$850,000
424 N 2nd Street, Saint Charles, MO 63301
Two levels of adaptable office space are complemented by basement storage and dedicated parking.
Property Size2,624 SF
Price / SF$323.93
Days on Market44
Property Features for 424 N 2nd Street
General Information
Standard status
Active
Size
2,624 SF
Total Parking Spaces
10
Property subtype
Commercial
Additional Details
Property Use
Office
Taxes and HOA fees
Annual Taxes
$6,555
Building Details
Building Size
2,624 SF
Year Built
1890
Buildings
1
Stories
2
Listing Agency:
Berkshire Hathaway HomeServices Select Properties
(636) 720-1100
Listed By:
Katie Urbanowicz
(314) 766-9876
Source:
Flowershomerealty
Added: Sep 11
Changed: Oct 23
Last Checked: Oct 23 at 1:27PM
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 Berkshire Hathaway HomeServices Select Properties
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Investment Insights
Based on property information with market context.
At 424 N 2nd Street, this designated historic office property dates to 1890 and contains 2,624 square feet. The main level has four office or work areas, a kitchen, and a half bath. Upstairs are three more spaces, a kitchenette, and a second half bath; a walk-out basement adds storage or flexible-use space. Multiple entrances support separate work areas or shared-use arrangements.
The property is next to the County Courthouse in St. Charles’ Business District, between Historic Main Street and Frenchtown. The new City Centre Complex (C3) is a short walk away. Private parking includes an eight-car lot and two additional spaces near the side entrance.
The property is next to the County Courthouse in St. Charles’ Business District, between Historic Main Street and Frenchtown. The new City Centre Complex (C3) is a short walk away. Private parking includes an eight-car lot and two additional spaces near the side entrance.
Key Highlights
- 2,624‑square‑foot designated historic building, constructed in 1890
- Main floor includes four work areas, a kitchen, and a half bath
- Upper floor has three spaces, a kitchenette, and a half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,538
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,760
$650.8K
Cap Rate 7%
$464,829
$464.8K
Cap Rate 9%
$361,533
$361.5K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$59.5K $22.68/SF
− Vacancy
−$16.1K −$6.15/SF
EGI
$43.4K $16.53/SF
− OpEx
−$10.8K −$4.13/SF
NOI
$32.5K $12.40/SF
Area
St. Charles County, MO
Vacancy
27.10%
Lease Rate
$22.68 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$650,760
Cap Rate 7%
$464,829
Cap Rate 9%
$361,533
Alternative Uses
Best Use
Office B
$464.8K
$406.7K – $542.3K
NOI $32,538 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$694.5K
$607.7K – $810.2K
NOI $48,613 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,553
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 Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two levels of adaptable office space are complemented by basement storage and dedicated parking.
Where is this office building located?
The property is located at 424 N 2nd Street Saint Charles, MO.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: 2,624‑square‑foot designated historic building, constructed in 1890; Main floor includes four work areas, a kitchen, and a half bath; Upper floor has three spaces, a kitchenette, and a half bath
