Rock Island Realty

138 N Main Street

St Charles, MO 63301

MLS#: 25080769

$750,000

Status: Active
Listing number: 25080769
Listing provided by: Thomas Realty Group LLC
Listing agent phone: None
Last update: 2 months ago
On site: 7 months ago
Browse Properties
St. Charles - Commercial Sale

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1890

Sq.Footage

N/A

New Roof-2025 Located in the Heart of Main St. between Tony’s on Main & the New Little Nashville Citycentrecomplex.com Virtual Walkthrough available upon request 1st floor Restaurant space occupied by La Tia and Ponchos Cantina Grill Floors 2 & 3 - Retail, Office & Residential Uses Professional Pictures coming soon Location: Downtown, High Traffic

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air, Electric

  • Heating YN

    YES

  • Heating

    Forced Air

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Brick

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Retail

Price

  • Sales Price

    $750,000

  • Tax Amount

    $7,549

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Water Source

    Public

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Location

County

St. Charles

Elementary School

Middle School

High School

Listing Courtesy of Corey Webb , Thomas Realty Group LLC

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Agent Frank Svoboda

Agent / Realtor®

Frank Svoboda

Call Frank today to schedule a private showing.

(573) 216-0986

frank@homeatthelake.com


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New Roof-2025 Located in the Heart of Main St. between Tony’s on Main & the New Little Nashville Citycentrecomplex.com Virtual Walkthrough available upon request 1st floor Restaurant space occupied by La Tia and Ponchos Cantina Grill Floors 2 & 3 - Retail, Office & Residential Uses Professional Pictures coming soon Location: Downtown, High Traffic

138 N Main Street

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Related Properties

New on site today
Positioned in the heart of Saint Charles’ Historic Main Street District, 138 N Main Street offers investors a rare combination of stable in-place income and significant value-add upside. This circa-1890 brick building totals 5,077 square feet on a 0.16-acre parcel with 28 feet of Main Street frontage and Central Business District (AA4) zoning that supports a wide range of commercial and residential uses. The ground floor is anchored by La Tia and Pancho’s Cantina Grill, a beloved local restaurant that has operated at this location for a full decade. The tenant generates $45,000 in annual net operating income, providing dependable day-one cash flow at an attractive 5.6% cap rate on the $800,000 asking price. The real story, however, is the untapped potential upstairs. The second and third floors are primed for renovation into apartment units, allowing an investor to capitalize on strong demand for downtown living along one of the region’s most walkable corridors (79/100 Walk Score). Converting the upper floors to residential would meaningfully increase income while diversifying the rent roll across commercial and multifamily uses, an increasingly rare opportunity in a district where historic buildings seldom trade hands. Historic Main Street draws visitors year-round for its brick-paved streetscape, boutique shopping, dining, and signature festivals, including the nationally recognized Christmas Traditions celebration. The property sits steps from the Missouri Riverfront, Frontier Park, and the First Missouri State Capitol Historic Site, with a traffic count of 77,283 vehicles per day nearby. Ongoing public and private investment throughout downtown Saint Charles continues to strengthen values, with the surrounding neighborhood appreciating 10% over the last two years. Whether held as a stabilized income asset with a proven restaurant tenant or repositioned as a fully realized mixed-use retail-and-residential property, 138 N Main Street represents a compelling investment opportunity in an irreplaceable, high-visibility location on one of Missouri’s most celebrated commercial corridors.
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138 N Main Street

None Beds

None Baths

5,077 Sq.Ft.

$800,000

MLS#: 26048597

Discover an exceptional investment opportunity! This portfolio includes four properties— which all of them are currently generating rental income. Two homes have recently been updated. Each ranch-style home features three bedrooms, one bathroom, a kitchen, and a welcoming living room, complemented by a full basement that provides additional storage space. Don’t miss out on this promising opportunity! -
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None Beds

None Baths

N/A

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