Historic Mixed-Use Building in
For Sale
Contact for pricing
900 N 2nd St, Saint Charles, MO
Mixed-use building with retail and apartments in historic Frenchtown.
Property Size8,218 SF
Lot Size0.20 Acres
Price / SF$119.25
Days on Market351
Property Features for 900 N 2nd St
General Information
Standard status
Active
Size
8,218 SF
Lot size
0.20 Acres
Property subtype
RETAIL
Listing Agency:
Shockley Commercial/Industrial
(636) 541-0950
Listed By:
Craig O'Sadnick
(636) 541-0950
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:52AM
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 Shockley Commercial/Industrial
Investment Insights
Based on property information with market context.
This 8,218 square foot, three-story mixed-use building is located in the historic Frenchtown area of St. Charles. Constructed in 1880, the property features retail space on the main level, with five apartments located on the upper two floors. The second floor contains four units, ranging in size from approximately 800 to 900 square feet, with three units finished and one unfinished. The third floor offers approximately 1,000 square feet of unfinished space. Each unit has its own utility service. Tenant parking is available at the back of the building. The property is situated next to the proposed new City Hall of St. Charles.
Key Highlights
- Prime location in booming Historic Frenchtown, St. Charles, next to the proposed new City Hall.
- 8,218 sf building with retail space on the main level and five apartments on the upper floors.
- Three‑story building with historical significance, built in 1880.
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
$82,443
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
8.41%
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%
$1,648,860
$1.6M
Cap Rate 7%
$1,177,757
$1.2M
Cap Rate 9%
$916,033
$916.0K
Market Conditions
NOI Build-Up for 8,218 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
$157.8K $19.20/SF
− Vacancy
−$7.9K −$0.96/SF
EGI
$149.9K $18.24/SF
− OpEx
−$67.5K −$8.21/SF
NOI
$82.4K $10.03/SF
Area
St. Charles County, MO
Vacancy
5.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
45.00%
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%
$1,648,860
Cap Rate 7%
$1,177,757
Cap Rate 9%
$916,033
Alternative Uses
Best Use
Retail
$1.62M
$1.42M – $1.89M
NOI $113,508 @ 7.0% cap · market cap 11.58%
Second Best
Mixed Use
$1.45M
$1.27M – $1.69M
NOI $101,346 @ 7.0% cap · market cap 10.34%
Theoretical Best
Warehouse
$2.17M
$1.90M – $2.54M
NOI $152,248 @ 7.0% cap · market cap 15.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,185
Businesses Nearby
Explore this area
Business Placement
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 - Mixed-use building with retail and apartments in historic Frenchtown.
Where is this mixed-use property located?
The property is located at 900 N 2nd St Saint Charles, MO.
What is the asking price?
The asking price for this property is $980,000.
What are key features of this property?
This property features: Prime location in booming Historic Frenchtown, St. Charles, next to the proposed new City Hall.; 8,218 sf building with retail space on the main level and five apartments on the upper floors.; Three‑story building with historical significance, built in 1880.
