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    Highway 50 O'Fallon, IL 62269

    For Sale
    Contact for pricing

    Prime 59.5-acre site near I-64

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional 59.5-acre development site presents a compelling investment opportunity in O'Fallon, Illinois. Strategically located off Highway 50, this property boasts convenient access to Highway 158 and Interstate 64, ensuring seamless connectivity to major transportation arteries. The land is priced at $25,000 per acre, totaling $25,000 for the entire parcel. Its advantageous position is further enhanced by its proximity to both a proposed and an existing industrial park, promising significant future growth and development potential. The site itself is characterized by mostly level or gently sloping terrain, simplifying development planning and minimizing potential site preparation costs. Situated in St. Clair County, with a 62269 zip code, this property benefits from the strong demographics and growth trajectory of the O'Fallon area. This makes it an ideal location for a variety of industrial or commercial projects, capitalizing on the region's expanding economic landscape. The property's size and location make it a rare find for developers seeking a substantial land parcel in a thriving industrial corridor. Don't miss this chance to secure a prime piece of real estate in a rapidly developing area.

    Property Features for 0 Highway 50

    General Information

    Property type
    Land
    Lot Size
    2,591,820 SF

    HighLights

    • 59.5 acres of prime O'Fallon, IL development land near Hwy 50.
    • Adjacent to a proposed industrial park and near an existing one.
    • Excellent access to Hwy 158 and I‑64.
    • Located in a high‑growth area with strong demographics.
    • Mostly level to gently sloping terrain.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    O'Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9066314
    Latitude
    38.5900004

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    FAQs

    What type of property is this?
    Land - Prime 59.5-acre site near I-64
    Where is this land located?
    The property is located at Highway 50 O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $25,000.
    What are key features of this property?
    This property features: 59.5 acres of prime O'Fallon, IL development land near Hwy 50.; Adjacent to a proposed industrial park and near an existing one.; Excellent access to Hwy 158 and I-64.
    Request Owner's contact information
    Highway 50 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
    Highway 50 O'Fallon, IL 62269
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