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    1318 Thouvenot Ln O'Fallon, IL 62269

    Sponsored
    For Sale
    $799,000

    Prime 2.93-acre site, high traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2.93+/- acre development site presents a unique investment opportunity in O'Fallon, Illinois. Strategically located at 1318 Thouvenot Lane (Frank Scott Parkway), this property boasts 304 feet of frontage, ensuring high visibility and accessibility. The site benefits from its proximity to the intersection of Thouvenot Lane and Hartman Lane, experiencing combined daily traffic exceeding 33,000 vehicles. Currently zoned agricultural, this parcel offers significant potential for various commercial developments. All utilities are readily available at or near the site. The property is directly adjacent to the Thirteen01 Hartman Lakes multi-family development, featuring over 200 units with plans for an additional 120 villas and more apartments, creating a thriving and expanding neighborhood. This prime location, coupled with the high traffic count and existing infrastructure, makes this an ideal site for a variety of commercial ventures. The property's APN is 03-35.0-400-019. The asking price is $799,000, translating to approximately $272,696 per acre. Additional acreage is also available for purchase.

    Property Features for 1318 Thouvenot Ln

    General Information

    Property type
    Farms
    Lot Size
    127,631 SF

    HighLights

    • Prime commercial development site in O'Fallon, IL.
    • 2.93+/- acre site with all utilities available.
    • 304 feet of frontage on Thouvenot Lane (Frank Scott Parkway).
    • Currently zoned agricultural, offering high development potential.
    • High‑traffic location near the intersection of Thouvenot Lane and Hartman Lane, exceeding 33,000 vehicles per day.
    • Adjacent to a large multi‑family development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    O'Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.94915
    Latitude
    38.571335

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    FAQs

    What type of property is this?
    Farm - Prime 2.93-acre site, high traffic area.
    Where is this farm located?
    The property is located at 1318 Thouvenot Ln O'Fallon, IL.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Prime commercial development site in O'Fallon, IL.; 2.93+/- acre site with all utilities available.; 304 feet of frontage on Thouvenot Lane (Frank Scott Parkway).
    Request Owner's contact information
    1318 Thouvenot Ln 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
    1318 Thouvenot Ln O'Fallon, IL 62269
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