For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

635 Lincoln Ave O'Fallon, IL 62269

Sponsored
For Sale
$275,000

Multi-tenant office building, high-traffic location.

Property size:
3,036 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional commercial property in O'Fallon, Illinois, presents a compelling investment opportunity. Located at 635 S Lincoln Ave, this property boasts two buildings totaling 3,036 square feet on a 9,148 square foot corner lot. The buildings, constructed in 1897 and renovated in 1985, currently house four units with multiple tenants under gross lease agreements. The property includes three leased businesses: counseling offices and alterations (1,600 sq ft), a hair braiding business (612 sq ft), and a vacant 824 sq ft, two-bedroom apartment offering significant value-add potential. Current monthly rent totals $2,375, with the landlord responsible for utilities (excluding electricity at one unit). This prime location on South Lincoln Avenue benefits from high visibility and traffic. Furthermore, this property is situated to benefit from the upcoming FORWARD 50 project, which will enhance the streetscape and surrounding area, promising increased property value. The asking price is $275,000, translating to $90.58 per square foot. This is a rare opportunity to acquire a well-maintained, multi-tenant property in a thriving Illinois community.

Property Features for 635 Lincoln Ave

General Information

Property type
Office space
Square Feet
3,036 SF

Building Details

Year Built/Renovated
1897/1985
Buildings
2
Units
4

HighLights

  • Two buildings totaling 3,036 square feet on a 9,148 square foot corner lot in O'Fallon, IL.
  • 633/635 First Floor: 1,600 SF (Leased as counseling offices and alterations); 635 Second Floor: 824 SF (Vacant 2‑bedroom apartment); 625: 612 SF (Leased as hair braiding business).
  • Gross leases; monthly rent: $2,375 ($550, $625, $1,200 respectively); Landlord pays utilities except electricity at 625.
  • Asking price: $275,000 ($90.58/SF).
  • High visibility corner lot on S. Lincoln Ave; benefits from the FORWARD 50 streetscape project.
Property Profile Location Intelligence

Current Use by Public Records

Christianne M. Judy, ... Counselor Trend Land Trust Apartment Rental Agency

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
O'Fallon
County
St Clair
State
Illinois
Longitude
-89.911054098113
Latitude
38.586808295841

FAQs

What type of property is this?
Office space - Multi-tenant office building, high-traffic location.
Where is this office space located?
The property is located at 635 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: Two buildings totaling 3,036 square feet on a 9,148 square foot corner lot in O'Fallon, IL.; 633/635 First Floor: 1,600 SF (Leased as counseling offices and alterations); 635 Second Floor: 824 SF (Vacant 2-bedroom apartment); 625: 612 SF (Leased as hair braiding business).; Gross leases; monthly rent: $2,375 ($550, $625, $1,200 respectively); Landlord pays utilities except electricity at 625.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message