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    311 Main St O'Fallon, MO 63366

    Sponsored
    For Sale
    $1,250,000

    8,053 SF Office, High Visibility, 89 Parking Spaces

    Property size:
    8,053 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 8,053-square-foot office building, situated on a 1.89-acre lot in O'Fallon, Missouri, presents a unique investment opportunity. The property, located at 311 S. Main St, boasts a prime location with high-traffic exposure on South Main Street and convenient access to I-70. The single-story, Class B building, constructed in 1960, features a main level of 8,053 square feet and a lower level of 3,005 square feet. Ample parking is provided with 89 spaces. The building's former use as a bank is evident in the presence of a secure vault. The property is zoned C-2 and is located within the Downtown Overlay District. Prominent building and monument signage opportunities exist, enhancing visibility. This versatile property is ideal for owner-users or investors seeking a finish-to-suit opportunity for a qualified tenant. The asking price is $1,250,000, with a full-service lease rate of $21.00 per square foot. Its proximity to City Hall adds to its appeal. This is a rare chance to acquire a substantial, well-located commercial property in a thriving Missouri community.

    Property Features for 311 Main St

    General Information

    Property type
    Office space
    Square Feet
    8,053 SF
    Class
    B
    Lot Size
    82,328 SF

    Building Details

    Year Built
    1960
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm Saint Louis Counseling Counselor Nathan Larson, MSW ... Mental Health Service Bank of America (with ... Bank 311 Wine House ... Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    O'Fallon
    County
    St Charles
    State
    Missouri
    Longitude
    -90.6298922
    Latitude
    38.7874699

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    FAQs

    What type of property is this?
    Office space - 8,053 SF Office, High Visibility, 89 Parking Spaces
    Where is this office space located?
    The property is located at 311 Main St O'Fallon, MO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    Request Owner's contact information
    311 Main St O'Fallon, MO 63366
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    O'Fallon, MO 63366
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    311 Main St O'Fallon, MO 63366
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