Corner Lot Retail and
1902 W Highway 50 O Fallon, IL 62269
For Sale
$400,000
B-1 zoned property with two two-bedroom rental units on a corner lot with highway frontage for signage visibility.
Property Size1,500 SF
Price / SF$266.67
Days on Market36
Property Features for 1902 W Highway 50
General Information
Standard status
Active
Size
1,500 SF
Listing Agency:
Re/Max Alliance
(618) 604-1984
Listed By:
Jo Woodward · License #475116390
(618) 604-1984
Source:
Exprealty
Added: Jun 24
Changed: Jul 26
Last Checked: Jul 29 at 3:32PM
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 Re/Max Alliance
Investment Insights
Based on property information with market context.
This property offers 1,500+ square feet and has been previously used as a multi-family investment with two (2) two-bedroom rental units. The site sits on a prominent corner lot with 75 feet of frontage on Highway 50 and 208 feet on Brookside, supporting signage opportunities.
The property is positioned in a high-traffic commercial corridor surrounded by retail and big-box stores. Public remarks also cite approximately 19,500 vehicles per day on Highway 50, with convenient access to the interstate.
Zoned B-1, the building presents flexibility for continued residential income use or conversion to a retail storefront or office setting, depending on the buyer’s intended plan.
The property is positioned in a high-traffic commercial corridor surrounded by retail and big-box stores. Public remarks also cite approximately 19,500 vehicles per day on Highway 50, with convenient access to the interstate.
Zoned B-1, the building presents flexibility for continued residential income use or conversion to a retail storefront or office setting, depending on the buyer’s intended plan.
Key Highlights
- B‑1 zoned commercial property with 1,500+ SF and two 2‑bedroom rental units previously used as a multi‑family investment.
- Corner lot with 75 ft frontage on Highway 50 and 208 ft on Brookside.
- 19,500 daily traffic count on Highway 50—suited for signage.
Financial Insights For Retail
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 | $23.4k | $15.60 |
| − Vacancy | −$2.0k | −$1.33 |
| EGI | $21.4k | $14.27 |
| − OpEx | −$6.4k | −$4.28 |
| NOI | $15.0k | $9.99 |
1,500 SF · lease $15.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$214.1K
$187.4K – $249.8K
NOI $14,988 @ 7.0% cap · market cap 3.75%
Second Best
Multifamily LT 5
$176.7K
$154.6K – $206.2K
NOI $12,370 @ 7.0% cap · market cap 3.09%
Theoretical Best
Office A
$355.1K
$310.7K – $414.3K
NOI $24,857 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - B-1 zoned property with two two-bedroom rental units on a corner lot with highway frontage for signage visibility.
Where is this duplex located?
The property is located at 1902 W Highway 50 O Fallon, IL.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: B‑1 zoned commercial property with 1,500+ SF and two 2‑bedroom rental units previously used as a multi‑family investment.; Corner lot with 75 ft frontage on Highway 50 and 208 ft on Brookside.; 19,500 daily traffic count on Highway 50—suited for signage.
