O'Fallon Mixed-Use Income
For Sale
Contact for pricing
635 S Lincoln Ave, O Fallon, IL 62269
High-traffic corner lot with multiple income streams in O'Fallon.
Property Size3,036 SF
Price / SF$90.58
Days on Market1190
Property Features for 635 S Lincoln Ave
General Information
Standard status
Active
Size
3,036 SF
Property subtype
Office
Lease Type
Gross
Building Details
Year Built
1897
Year Renovated
1985
Buildings
2
Units
4
Tenancy
Multi
Listing Agency:
Kunkel Commercial Group Group Inc
(618) 202-4500
Listed By:
Kevin Beck · License #IL 475199000
Source:
Crexi
Added: May 31, 2023
Changed: Aug 28
Last Checked: Aug 26 at 8:22AM
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 Kunkel Commercial Group Group Inc
Investment Insights
Based on property information with market context.
Located on a prime corner lot on South Lincoln in O'Fallon, Illinois, this mixed-use property offers high-traffic exposure. It comprises two buildings presenting multiple income-generating opportunities. The main building, addressed as 633-635 S Lincoln Ave, features two ground-floor commercial spaces. One space is occupied by a seamstress business, generating $700 per month. The other, larger space is leased to a mental health professional for $1,000 per month, plus $200 for utilities, with a graduated increase of $100 per month for each of the next two years. The second floor of the main building, accessible via a separate entrance at 102 W. 7th, was formerly a residential apartment and offers additional value-add potential if renovated and brought up to code. Across the paved parking lot, the second building, addressed as 625 S Lincoln Ave, houses a hair salon generating $585 per month. The property size is 3036 square feet.
Key Highlights
- High‑traffic corner lot location on South Lincoln in O'Fallon, IL.
- Multiple income‑generating opportunities from two buildings.
- Existing tenants in place providing immediate income: alterations/seamstress ($700/month), mental health professional ($1,000/month + $200 utilities), and hair salon ($585/month).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 62269, IL
36,068
Population
14,616
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
97%
High-School Grad
29.8 sq mi
ZIP Area
1,210
Density / Sq Mi
$100,167
Median Household Income
$58,724
Median Earnings
$1,258
Median Rent
$274,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - High-traffic corner lot with multiple income streams in O'Fallon.
Where is this mixed-use property located?
The property is located at 635 S Lincoln Ave O Fallon, IL.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: High‑traffic corner lot location on South Lincoln in O'Fallon, IL.; Multiple income‑generating opportunities from two buildings.; Existing tenants in place providing immediate income: alterations/seamstress ($700/month), mental health professional ($1,000/month + $200 utilities), and hair salon ($585/month).
