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    I-64 At Exits 19-21 O'Fallon, IL 62269

    For Sale
    Contact for pricing

    I-64 Development Sites, St. Louis Metro East

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional opportunity presents six prime development sites within the rapidly growing St. Louis Metro East region. Strategically located off I-64 at Exits 19-21 in O'Fallon, Illinois (zip code 62269), these parcels offer unparalleled visibility and accessibility. The sites range from 3.3 to 70 acres, with prices per acre varying from $45,000 to $80,000, depending on the specific parcel and its features. All sites are zoned Agricultural, providing flexibility for various development projects. Several parcels benefit from Enterprise Zone designation. Key features include significant I-64 frontage (ranging from 451 to 935 feet), proximity to Scott Air Force Base and Mid-America St. Louis Airport, making them ideal for industrial, commercial, or other suitable developments. Detailed parcel information includes: Parcel 1 (70 acres, $45,000/acre, 935 ft frontage), Parcel 2 (32 acres, $55,000/acre, 451 ft frontage), Parcel 3 (3.3 acres, $80,000/acre, 852 ft frontage), Parcel 4 (8.8 acres, $65,000/acre, 780 ft frontage), Parcel 5 (12.44 acres, $65,000/acre, 790 ft frontage), and Parcel 6 (17.8 acres, $55,000/acre, 604 ft frontage). This is a rare chance to acquire land in a high-demand location with exceptional potential for significant return on investment.

    Property Features for I-64 At Exits 19-21

    General Information

    Property type
    Commercial land
    Lot Size
    130,680 SF

    HighLights

    • 70‑acre parcel, $45,000/acre, Enterprise Zone designation, 935' frontage.
    • 32‑acre parcel, $55,000/acre, Enterprise Zone designation, 451' frontage.
    • 3.3‑acre parcel, $80,000/acre, 852' frontage.
    • 8.8‑acre parcel, $65,000/acre, 780' frontage.
    • 12.44‑acre parcel, $65,000/acre, 790' frontage.
    • 17.8‑acre parcel, $55,000/acre, 604' frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    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?
    Commercial land - I-64 Development Sites, St. Louis Metro East
    Where is this commercial land located?
    The property is located at I-64 At Exits 19-21 O'Fallon, IL.
    What are key features of this property?
    This property features: 70-acre parcel, $45,000/acre, Enterprise Zone designation, 935' frontage.; 32-acre parcel, $55,000/acre, Enterprise Zone designation, 451' frontage.; 3.3-acre parcel, $80,000/acre, 852' frontage.
    (618) 977-8367
    Request Owner's contact information
    I-64 At Exits 19-21 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
    I-64 At Exits 19-21 O'Fallon, IL 62269
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