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    121 Main St O'Fallon, IL 62269

    Sponsored
    For Sale
    $650,000

    One-acre lot, 32 parking spaces, high visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional one-acre commercial lot, located at 121 S Main St in O'Fallon, Illinois (zip code 62269), presents a unique investment opportunity. The property, encompassing two parcels (APN 09-05.0-403-018/021), is zoned for Highway Business use by the Village of O'Fallon and features ample parking with 32 spaces. The land value is calculated at $28.81 per square foot, with an asking price of $650,000. This prime location boasts high visibility on Main Street, offering excellent access and exposure. The property is situated minutes away from significant landmarks including Scott Air Force Base (SAFB), Memorial East Hospital, Siteman Cancer Center, and the Savannah Luxury Apartment Community, ensuring high traffic and potential customer base. Approved plans for a strip center are already in place, streamlining the development process for prospective buyers. The property offers flexibility, with options for a "white box" finish or a build-to-suit arrangement to meet specific tenant requirements. This is an ideal opportunity for developers seeking a high-traffic location with existing infrastructure and development approvals.

    Property Features for 121 Main St

    General Information

    Property type
    Land
    Lot Size
    43,560 SF

    HighLights

    • 1‑Acre lot
    • White box interior or build‑to‑suit available
    • Prime Main Street, Shiloh location; minutes from SAFB, Memorial East Hospital, Siteman Cancer Center, and Savannah Luxury Apartments
    Property Profile Location Intelligence

    Current Use by Public Records

    The Cornerstone Bistro Cafe

    Suggested Use

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

    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
    -89.89813
    Latitude
    38.560885

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    FAQs

    What type of property is this?
    Land - One-acre lot, 32 parking spaces, high visibility.
    Where is this land located?
    The property is located at 121 Main St O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: 1-Acre lot; White box interior or build-to-suit available; Prime Main Street, Shiloh location; minutes from SAFB, Memorial East Hospital, Siteman Cancer Center, and Savannah Luxury Apartments
    (618) 407-4240
    Request Owner's contact information
    121 Main St 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
    121 Main St O'Fallon, IL 62269
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