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    1084 Hartman Ln O'Fallon, IL 62269

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    For Sale
    Contact for pricing

    0.88-acre lot, B-3 zoning, high traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 0.88-acre commercial lot presents a remarkable development opportunity in O'Fallon, Illinois. Strategically located at 1084 Hartman Lane, near the intersection of Hartman Lane and Frank Scott Parkway, this property boasts a highly desirable B-3 Highway Business zoning designation. The site benefits from excellent visibility and accessibility, with all utilities readily available. Its proximity to Interstate 64 (only 1.5 miles away) ensures convenient access to major transportation routes. High traffic counts are a significant advantage, with 11,300 average daily traffic (ADT) on Hartman Lane and 17,800 ADT on Frank Scott Parkway (Thouvenot Lane). The property's location across the street from the new Thirteen01 Hartman Lakes multi-family development, featuring over 200 units and a planned second phase of 120 villas, further enhances its appeal and potential for significant return on investment. The property's APN is 03-36.0-300-035, and its location in St. Clair County, Illinois, zip code 62269, offers a strong foundation for a variety of commercial ventures. This is a rare opportunity to acquire a well-positioned commercial lot in a thriving area with excellent growth prospects.

    Property Features for 1084 Hartman Ln

    General Information

    Property type
    Land
    Lot Size
    38,333 SF

    HighLights

    • 0.88‑acre commercial lot in O'Fallon, IL.
    • B‑3 Highway Business zoning.
    • Located near Hartman Ln and Frank Scott Pkwy, 1.5 miles from I‑64.
    • All utilities available.
    • High traffic counts on adjacent roads.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -89.9475967
    Latitude
    38.5758196

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    FAQs

    What type of property is this?
    Land - 0.88-acre lot, B-3 zoning, high traffic
    Where is this land located?
    The property is located at 1084 Hartman Ln O'Fallon, IL.
    What are key features of this property?
    This property features: 0.88-acre commercial lot in O'Fallon, IL.; B-3 Highway Business zoning.; Located near Hartman Ln and Frank Scott Pkwy, 1.5 miles from I-64.
    (502) 767-4199
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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
    1084 Hartman Ln O'Fallon, IL 62269
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