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    1073 Hartman Ln O'Fallon, IL 62269

    For Sale
    $695,000

    Prime 2.96-acre commercial lot, high traffic.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2.96-acre commercial land parcel in O'Fallon, Illinois, presents a remarkable investment opportunity. Located at 1073 Hartman Ln, this property boasts 194 feet of frontage and is zoned for Commercial Business use. Its strategic location near the intersection of Thouvenot Lane (Frank Scott Parkway) and Hartman Lane places it within a high-visibility, high-traffic area experiencing over 33,000 cars per day. The site is adjacent to a recently completed car wash development and a thriving multi-family community (Thirteen01 Hartman Lakes) with over 200 units and a planned expansion of 120 villas, ensuring consistent growth and high visibility. All utilities are available, and convenient ingress/egress is ensured. The asking price is $695,000, translating to approximately $234,797 per acre. This prime location offers significant potential for various commercial ventures, capitalizing on the area's robust development and high traffic volume. The property's APN is 03-35.0-400-014. Additional acreage is available for purchase in the immediate vicinity. This is an exceptional opportunity to acquire a highly desirable commercial property in a rapidly growing area.

    Property Features for 1073 Hartman Ln

    General Information

    Property type
    Land
    Lot Size
    128,938 SF

    HighLights

    • Prime commercial development site in O'Fallon, IL.
    • 2.96‑acre parcel with all utilities available.
    • 194 feet of frontage on Hartman Ln.
    • Zoned for Commercial Business use.
    • High‑visibility location near Thouvenot Ln (Frank Scott Parkway) & Hartman Ln, experiencing over 33,000 cars per day.
    Property Profile Insight Report 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
    -89.94865
    Latitude
    38.572184

    Nearby Comparable

    • $695,000

      Commercial Land Near Frank Scott

      2.96 acres of commercial land with high traffic volume.
      1073 Hartman Ln, O Fallon, IL 62269
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    • $799,000
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      O'Fallon, IL Development Land

      Prime 2.93-acre site, high traffic area.
      1318 Thouvenot Ln, O'Fallon, IL 62269
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      Commercial Development Site Near Highway

      0.88+/- acre commercial site near Hartman Lane and Frank Scott Pkwy.
      1084 Hartman Ln, O Fallon, IL 62269
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    • $685,000
      3.11 Acres

      Prime O'Fallon, IL Commercial Land

      3.11 Acres, High Traffic Area, $685,000
      1038 Hartman Ln, O'Fallon, IL 62269
      View Details
    • Contact for pricing
      0.69 Acres

      O'Fallon, IL Commercial Land

      High-traffic commercial lot, ideal for development.
      1238 Thouvenot Ln, O'Fallon, IL 62269
      View Details
    • $685,000

      3.11 Acre Commercial Land Site

      Commercial land for sale in high-traffic area, O'Fallon, IL.
      1038 Hartman Ln, O Fallon, IL 62269
      View Details

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    FAQs

    What type of property is this?
    Land - Prime 2.96-acre commercial lot, high traffic.
    Where is this land located?
    The property is located at 1073 Hartman Ln O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Prime commercial development site in O'Fallon, IL.; 2.96-acre parcel with all utilities available.; 194 feet of frontage on Hartman Ln.
    (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
    1073 Hartman Ln O'Fallon, IL 62269
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