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    702 Highway 50 O'Fallon, IL 62269

    Sponsored
    For Sale
    $347,303

    1.34-acre development site, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.34-acre commercial land parcel presents a prime development opportunity in O'Fallon, Illinois. Located at 702 West Hwy 50, this high-visibility site boasts 151 feet of frontage on a major thoroughfare, experiencing a high average daily traffic count of 14,900 vehicles. The property is zoned for Office District 1 and SR-2, offering flexibility for a variety of commercial developments. Its strategic location near a high-growth intersection ensures excellent accessibility and exposure. All utilities are conveniently located on-site, simplifying the development process. The land is priced competitively at $347,303, translating to $5.95 per square foot. This represents a significant value proposition for developers seeking a well-situated parcel in a thriving market. The property's APN is 04-30.0-300-015

    Property Features for 702 Highway 50

    General Information

    Property type
    Land
    Lot Size
    58,370 SF

    HighLights

    • 1.34‑acre development site for sale, 151' of frontage on West Hwy 50.
    • High‑visibility location near a high‑growth intersection with 14,900 ADT.
    • Office District 1 and SR‑2 zoning; all utilities available.
    • Reduced price: $347,303 ($5.95/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Gifts For Individuals Gift Shop Podiatry 1st Association Or Organization

    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
    -89.9241015
    Latitude
    38.5889602

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    FAQs

    What type of property is this?
    Land - 1.34-acre development site, high visibility.
    Where is this land located?
    The property is located at 702 Highway 50 O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $347,303.
    What are key features of this property?
    This property features: 1.34-acre development site for sale, 151' of frontage on West Hwy 50.; High-visibility location near a high-growth intersection with 14,900 ADT.; Office District 1 and SR-2 zoning; all utilities available.
    (502) 767-4199
    Request Owner's contact information
    702 Highway 50 O'Fallon, IL 62269
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    O'Fallon, IL 62269
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    702 Highway 50 O'Fallon, IL 62269
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