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    Freestanding Building on South Main Title is generated by Realmo AI

    311 S Main St, O Fallon, MO 63366

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    Freestanding building with high-traffic exposure and easy highway access.

    Type:Office
    Property size:
    8,053 SF
    Lot size:
    1.44 Acres
    Price / SF:
    $155/SF
    Added:
    Jan 13, 2023
    Days on Market:
    1270
    Last Refresh:
    Jul 3 at 5:54 am

    Property Features for 311 S Main St

    General Information

    Standard status
    Active
    Size
    8,053 SF
    Lot size
    1.44 Acres
    Property subtype
    Office

    Building Details

    Year Built
    1960

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    Danny Wapelhorst
    Danny Wapelhorst

    Listing office Cissell Mueller Company LLC

    Listing date Jan 13, 2023

    Source Crexi

    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 Cissell Mueller Company LLC

    HighLights

    • High‑traffic exposure on South Main Street
    • Freestanding building on a 1.44‑acre lot with 71 parking spaces
    • Easy access to I‑70 and close proximity to City Hall
    • Building and monument signage available
    • Zoned C‑2, located within Downtown Overlay District
    • New landscaping, sealed & striped parking lot, and new roof (installed Oct. 2025)

    Overview

    This freestanding building is situated on a 1.44-acre lot. The main level encompasses 8,053 square feet, with an additional 3,005 square feet on the lower level. Building and monument signage are available. The property benefits from high-traffic exposure on South Main Street and offers convenient access to I-70, as well as proximity to City Hall. There are 71 parking spaces. The property is zoned C-2 and is located within the Downtown Overlay District. New landscaping has been installed, along with a sealed and striped parking lot. A new roof is scheduled for installation in October 2025. Possible ground lease or GTS.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $182.6k $22.68
    − Vacancy −$49.5k −$6.15
    EGI $133.1k $16.53
    − OpEx −$33.3k −$4.13
    NOI $99.9k $12.40
    8,053 SF · lease $22.68/SF/yr · vacancy 27.10% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $1.43M
    $1.25M – $1.66M (±1% cap)
    NOI $99,860 @ 7.0% cap · market cap 7.99%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Warehouse
    $2.13M
    $1.86M – $2.49M (±1% cap)
    NOI $149,191 @ 7.0% cap · market cap 11.94%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bank of America ATM ... Atm Saint Louis Counseling Child Psychologist Nathan Larson, MSW ... Crisis Center Bank of America (with ... Bank 311 Wine House ... Restaurant

    Suggested Use

    Kitchen & Bath Showroom Parking Lot & Garage Grocery & Convenience Store Hotel & Motel Big Box & Wholesale Store Nursing Home Clothing & Fashion Store Carpet & Flooring Store (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store

    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
    -90.7002433
    Latitude
    38.8080424

    FAQs

    What type of property is this?
    Office building - Freestanding building with high-traffic exposure and easy highway access.
    Where is this office building located?
    The property is located at 311 S Main St O Fallon, MO.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: High‑traffic exposure on South Main Street; Freestanding building on a 1.44‑acre lot with **71 parking spaces**; Easy access to I‑70 and close proximity to City Hall
    (636) 970-0330 Call to check price and availability
    More about this property
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