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    1238 Thouvenot Ln O'Fallon, IL 62269

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    For Sale
    Contact for pricing

    High-traffic commercial lot, ideal for development.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This 0.69-acre commercial land parcel presents a prime development opportunity in O'Fallon, Illinois. Located at 1238 Thouvenot Lane (Frank Scott Pkwy), this B-3 Highway Business zoned property boasts exceptional visibility and accessibility. Situated approximately 200 feet from the intersection of Hartman Lane and Frank Scott Parkway, the site benefits from high traffic counts of 17,800 ADT on Frank Scott Pkwy. All utilities are available at or adjacent to the property, simplifying development plans. The location offers significant advantages, being only 1.5 miles from Interstate 64, ensuring convenient access for customers and employees. Furthermore, the property's strategic placement across from a new multi-family development featuring over 200 units (with a planned second phase of 120 villas) and other retail and office properties, creates a thriving commercial environment. The APN is 03-36.0-300-037. This property is in St. Clair County, Illinois, and has a Belleville mailing address with a 62269 zip code. This site is ready for your vision.

    Property Features for 1238 Thouvenot Ln

    General Information

    Property type
    Land
    Lot Size
    30,056 SF

    HighLights

    • 0.69‑acre commercial lot in O'Fallon, IL's heavy commercial corridor.
    • 200 feet from Frank Scott Parkway and Hartman Lane intersection.
    • Adjacent to new multi‑family and retail/office developments.
    • All utilities available on‑site or adjacent.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    O'Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.9466014
    Latitude
    38.5706571

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    FAQs

    What type of property is this?
    Land - High-traffic commercial lot, ideal for development.
    Where is this land located?
    The property is located at 1238 Thouvenot Ln O'Fallon, IL.
    What are key features of this property?
    This property features: 0.69-acre commercial lot in O'Fallon, IL's heavy commercial corridor.; 200 feet from Frank Scott Parkway and Hartman Lane intersection.; Adjacent to new multi-family and retail/office developments.
    (502) 767-4199
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    1238 Thouvenot Ln 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
    1238 Thouvenot Ln O'Fallon, IL 62269
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