521 Madison St Saint Charles, MO 63301-2747

Property Details for 521 Madison St

Year built

1948

Lot size

0.23 lot acres

Property size

5,471 SF

Zone code

AA4

Property type

Office buildings

APN

6-009D-B146-00-0003.0000000

APU

6009DB1460000030000000

Description

This exceptional 5,400-square-foot industrial property, located at 521 Madison Street in St. Charles, Missouri, presents a unique investment opportunity. Priced at $425,000 ($77.68/SF), this Class C building boasts a 5.74% cap rate and a current NOI of $24,400. The property, situated on a 9,850-square-foot lot, features one building with a single story and 12 parking spaces. Built in 1948, the structure offers a blend of retail, flex, and warehouse space, currently leased month-to-month to a financially stable franchisee escape room operator with a five-year history at the location. The lease commences October 1, 2024, and expires October 31, 2024, providing flexibility for the new owner. Key features include one loading dock, one dock-high door, and a 10-foot ceiling height. The interior comprises 15 rooms and a sizable workshop area with a 10-foot tall garage door. Three of the four HVAC systems are less than five years old. The all-brick exterior is well-maintained. The property is zoned C and is conveniently located just three blocks from historic Main Street in downtown St. Charles. This owner-user opportunity allows for immediate occupancy or the continuation of the existing lease with the potential to negotiate a new lease term. The property's strong location, existing tenant, and flexible lease terms make it an attractive investment.