O'Fallon Mixed-Use Income
635 S Lincoln Ave, O Fallon, IL 62269
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High-traffic corner lot with multiple income streams in O'Fallon.
Type:Office
Property size:
3,036 SFPrice / SF:
$90/SF- Added:
- May 31, 2023
- Days on Market:
- 1099
- Last Refresh:
- May 12 at 10:47 pm
Property Features for 635 S Lincoln Ave
General Information
- Standard status
- Active
- Size
- 3,036 SF
- Property subtype
- Office
Building Details
- Year Built
- 1897
Listing agent Kevin Beck License #IL 475199000
Listing office Kunkel Commercial Group Group Inc (618) 202-4500
Listing date May 31, 2023
Source Crexi
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
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).
- Larger office/retail space lease includes utility payments and rent escalation.
- Second‑floor space (102 W. 7th) offers value‑add potential through renovation.
- Paved parking lot included.
Overview
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.
Location Intelligence
Current Use by Public Records
Christianne M. Judy, ...
Counselor
Trend Land Trust
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- O Fallon
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9112958
- Latitude
- 38.5867473
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FAQs
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).
