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32956775

140 North Point Prairie Road, Wentzville, MO 63385

Luetkenhaus Properties Inc
Listed by Luetkenhaus Properties Inc
$2,100,000
10 days on market
Updated 9 days ago

Move-In Ready Commercial Building

Details
Property Type Mixed Use, Special Purpose (+1)
Sub Type Sports/Entertainment, Religious/Church
Square Footage 18,050
Class A
Year Built 1984
Buildings 1
Acreage 4.780
Zoning C1 or C2
Parking Spaces 95 spaces
Parking Per SqFt 5.26
Occupancy Date 05/06/2026
Ground Lease No

Commercial Building / Reuse Opportunity

Marketing description

Versatile, move-in-ready commercial building totaling approximately 18,050 SF (13,050 SF finished above grade plus a ±5,000 SF unfinished mezzanine) on 4.78 acres of level ground in Wentzville's I-70 growth corridor — among Missouri's fastest-growing markets. The pre-engineered steel structure features 380 feet of frontage on N Point Prairie Road, 95 striped parking spaces (including 2 ADA-accessible) at 7.3 per 1,000 SF on finished space — above standard ratios for office, retail, and medical use, 9' ceilings throughout the main level rising to 12'–18' in the greatroom assembly area, and a fully built-out interior including private offices, classrooms, a media room, kitchen, restrooms, and storage.

An on-site cell tower lease produces approximately $1,399 per month ($16,790 annually) in stable passive income, with annual escalators stepping the rent to $19,309 by lease expiration on February 28, 2029. The cell tower tenant has separately tendered a $350,000 lump-sum offer to purchase the existing land lease — providing the buyer with a clear post-closing monetization option that would effectively reduce net acquisition basis to $1,750,000. The owner originally designed the building to allow straightforward expansion of additional usable square footage.

The property was recently annexed into the City of Wentzville and offers C-1 (Neighborhood Commercial) or C-2 (General Commercial) zoning based on the buyer's intended use — a meaningful entitlement flexibility that supports adaptive reuse across a wide range of buyer profiles, including religious organizations, professional and medical offices, private schools and daycare operators, fitness and event venues, hospitality, and owner-users qualifying for SBA 7(a) financing. Located 0.72 miles from the I-70 / Wentzville Parkway interchange (33,492 AADT).

Investment highlights

  • Approximately 18,050 SF total: 13,050 SF finished above grade plus ±5,000 SF unfinished mezzanine — pre-engineered steel building on 4.78 acres, level grade, 380' road frontage
  • Recently annexed into the City of Wentzville — zoning will be designated C-1 Neighborhood Commercial or C-2 General Commercial based on buyer's intended use, providing exceptional entitlement flexibility for adaptive reuse
  • 12'–18' ceiling heights in the greatroom (sanctuary/assembly area); 9' throughout the rest of the main level — supports event venue, fitness, retail showroom, worship, or multi-level office build-out within the volume
  • ±5,000 SF unfinished mezzanine offers value-add upside for buyer (storage, mechanical, light office, or back-of-house — 6'–8' clear height limits assembly use)
  • 95 striped parking spaces (including 2 ADA-accessible) — 7.3 per 1,000 SF on 13,050 SF finished above grade (5.3 per 1,000 SF on 18,050 SF total) — above standard ratios for office, retail, and medical use
  • Substantial undeveloped area behind the building available for additional parking expansion if a higher-density use (restaurant, event venue, indoor recreation, banquet) requires more spaces
  • Public water main and public sanitary/storm sewer adjacent to property and available for hook-up; natural gas, electric, telephone, and internet/fiber on or adjacent to property — utility-ready for development under Wentzville C-1/C-2 standards
  • 0.72 miles to the I-70 / Wentzville Parkway interchange (33,492 AADT) — strong highway visibility and access
  • Existing cell tower lease — current rent $1,399.20/month ($16,790 annual passive income); annual escalators stepping to $19,309 by lease expiration on 2/28/29
  • Cell tower tenant has tendered a $350,000 lump-sum offer to purchase the existing land lease — provides buyer with attractive monetization option (~5% implied cap rate); accepting post-closing would effectively reduce net acquisition basis to $1,750,000
  • Fully built-out interior: offices, sanctuary/assembly area, classrooms, media room, kitchen, restrooms, ample storage
  • Building originally designed for easy expansion of additional usable square footage (details available from listing agent)
  • Same long-term owner since 1984 — well-maintained, low-risk profile per RPR financial scoring
  • Located in the City of Wentzville, St. Charles County — 28,696 population within a 10-minute drive (median HH income $65,830)
  • SBA 7(a) financing eligible for owner-user buyers

Listing Contacts

Luetkenhaus Properties Inc
Listed by Luetkenhaus Properties Inc

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