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    1038 Hartman Ln O'Fallon, IL 62269

    Sponsored
    For Sale
    $685,000

    3.11 Acres, High Traffic Area, $685,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.11-acre parcel presents a unique investment opportunity in a rapidly developing area of O'Fallon, Illinois. Located at 1038 Hartman Lane, Belleville, this property boasts 150 feet of frontage on Hartman Lane, offering excellent visibility and accessibility. The site benefits from its strategic location at the corner of Hartman Lane and Three Rivers Drive, just one block north of the heavily trafficked intersection of Frank Scott Parkway and Hartman Lane. This high-traffic area boasts an impressive 33,000 average daily traffic count, ensuring significant exposure for any commercial venture. Utilities are available on or adjacent to the site, simplifying development plans. The property is surrounded by new commercial and residential developments, indicating a thriving and expanding community. Furthermore, its proximity to Interstate 64 (Exit 16), just 1.6 miles away, provides easy access to major transportation routes. The property is zoned for agricultural use, offering flexibility for various commercial development possibilities. The asking price is $685,000, translating to approximately $220,257 per acre. The APN is 03-36.0-300-010. This prime location and its potential for significant return on investment make this an exceptional opportunity for discerning buyers.

    Property Features for 1038 Hartman Ln

    General Information

    Property type
    Farms
    Lot Size
    135,472 SF

    HighLights

    • $685,000 asking price.
    • 3.11‑acre land parcel.
    • Agricultural and commercial zoning permitted.
    • $220,257 per acre land value.
    • Located at 1038 Hartman Ln, Belleville, IL 62269 (APN: 03‑36.0‑300‑010).
    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
    -89.9464853
    Latitude
    38.5719176

    Nearby Comparable

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      O'Fallon Commercial Land - $495K

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      14.74 Acres Partially Wooded Land

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      Prime York County Retail Space

      New 2,922 SF freestanding retail building.
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    FAQs

    What type of property is this?
    Farm - 3.11 Acres, High Traffic Area, $685,000
    Where is this farm located?
    The property is located at 1038 Hartman Ln O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $685,000.
    What are key features of this property?
    This property features: $685,000 asking price.; 3.11-acre land parcel.; Agricultural and commercial zoning permitted.
    Request Owner's contact information
    1038 Hartman Ln 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
    1038 Hartman Ln O'Fallon, IL 62269
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