Prime location, high traffic area, great potential.
Property size:
36,940 SF
Description
Added:
Dec 11, 2024
Days on Market:
392
This exceptional mixed-use property, located in O'Fallon, Illinois, presents a unique investment opportunity. The former ice cream manufacturing plant encompasses approximately 36,940 square feet, distributed across a 34,431 square foot warehouse/manufacturing plant and a 2,509 square foot office space. The property sits on eight parcels totaling approximately 2.75 acres and features five dock-high doors, two drive-in doors (measuring 20' x 14' and 14' x 14'), and approximately 50 paved parking spaces. Two of the plant parcels are zoned B-1 by the City of O'Fallon. The property benefits from three-phase electric service and enjoys a highly visible location on Highway 50, with approximately 15,400 vehicles passing daily. Its strategic location is approximately 1.5 miles from I-64 (Exit 16) and 5.4 miles from Scott Air Force Base, providing convenient access to major transportation routes and a significant workforce. The area boasts a thriving economy, with nearby hospitals, restaurants, and other hospitality businesses. Utilities are provided by the City of O'Fallon (water and sewer) and Ameren Illinois (electric and gas). The property's proximity to Scott Air Force Base, which contributes $3 billion annually to the regional economy, and its location within 30 minutes of St. Louis International Airport and 10 minutes from MidAmerica Airport, further enhance its investment appeal. This property is ideal for redevelopment and offers significant potential for a variety of uses. The asking price is $2,890,000. APN numbers are: 04-30.0-413-010, 04-30.0-413-011, 04-30.0-413-022, 04-30.0-413-023, 04-30.0-413-024, 04-30.0-413-018, 04-30.0-423-004, and 04-30.0-423-002.
Property Features for 400 Highway 50
General Information
Property type
Restaurants
Square Feet
36,940 SF
Lot Size
4,356 SF
HighLights
36,940 SF mixed‑use building (34,431 SF warehouse/manufacturing, 2,509 SF office).
2.75‑acre site comprised of eight parcels.
Five dock‑high doors and two drive‑in doors (20' x 14' and 14' x 14').
Restaurant - Prime location, high traffic area, great potential.
Where is this restaurant located?
The property is located at 400 Highway 50 O'Fallon, IL.
What is the asking price?
The asking price for this property is $2,890,000.
What are key features of this property?
This property features: 36,940 SF mixed-use building (34,431 SF warehouse/manufacturing, 2,509 SF office).; 2.75-acre site comprised of eight parcels.; Five dock-high doors and two drive-in doors (20' x 14' and 14' x 14').
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400 Highway 50 O'Fallon, IL 62269
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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
400 Highway 50 O'Fallon, IL 62269
More about this listing
400 Highway 50, O'Fallon, IL
Linda Miller
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400 Highway 50, O'Fallon, IL
Linda Miller
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400 Highway 50, O'Fallon, IL
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400 Highway 50, O'Fallon, IL
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400 Highway 50, O'Fallon, IL
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400 Highway 50, O'Fallon, IL
Linda Miller
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