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    1202 Frank Scott Pkwy O'Fallon, IL 62269

    For Sale
    $495,000

    Prime 2.77-acre development site in O'Fallon, IL.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.77-acre commercial development site, located at 1202 Frank Scott Parkway in O'Fallon, Illinois (zip code 62269), presents a compelling investment opportunity. The property, identified by APN 03-36.0-300-006, is zoned B-1 (P) and offers significant potential for a variety of commercial uses. Priced at $495,000, this translates to approximately $190,975 per acre, reflecting the land's high value in this desirable location. The site boasts over 600 feet of frontage on the heavily trafficked Frank Scott Parkway (Thouvenot Lane), experiencing an average daily traffic count of 17,800 vehicles. This high visibility ensures excellent exposure for any development. The property benefits from readily available utilities, simplifying the development process. Its strategic location is surrounded by a thriving mix of retail, office buildings, retail centers, banks, convenience stores, and both single-family and multi-family residential developments. The proximity to St. Elizabeth's and Memorial Hospitals further enhances its appeal for medical-related businesses. This site is ideally suited for medical, retail, or office developments, offering a unique chance to capitalize on the strong commercial activity and growth in O'Fallon, Illinois. The property is situated in St. Clair County.

    Property Features for 1202 Frank Scott Pkwy

    General Information

    Property type
    Land
    Lot Size
    120,661 SF

    HighLights

    • $495,000 asking price for 2.77 acres of commercial land.
    • Located at 1202 Frank Scott Parkway, O'Fallon, IL 62269 (APN 03‑36.0‑300‑006).
    • B‑1(P) zoning.
    • $190,975 per acre land value.
    • High traffic area with over 600 feet of frontage on Frank Scott Parkway (17,800 ADT).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Gym & Fitness Pharmacy

    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
    -89.941825
    Latitude
    38.570897

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    FAQs

    What type of property is this?
    Land - Prime 2.77-acre development site in O'Fallon, IL.
    Where is this land located?
    The property is located at 1202 Frank Scott Pkwy O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for 2.77 acres of commercial land.; Located at 1202 Frank Scott Parkway, O'Fallon, IL 62269 (APN 03-36.0-300-006).; B-1(P) zoning.
    (618) 973-5507
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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
    1202 Frank Scott Pkwy O'Fallon, IL 62269
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