2558 Sommers Rd, Lake Saint Louis, MO 63367
This exceptional 1.59-acre commercial lot presents a remarkable investment opportunity in the thriving O'Fallon, MO market. Strategically located at the signalized corner of Sommers Road and Highway DD, this property boasts unparalleled visibility and convenient access to major thoroughfares, including I-64/40 and Highway N. The C-2 General Business zoning allows for a wide range of commercial uses, making it ideal for developers and businesses seeking a prime location. Situated across from the new Sommerlin residential development and proximate to Wentzville School District schools, this site benefits from a strong residential base and high traffic counts. Infrastructure is already in place, including public water and sewer, and a common detention basin. A significant advantage is the planned completion of a curb cut and cross-access road from Sommers Road in 2024, further enhancing accessibility and visibility. The property's current agricultural use results in low 2023 real estate taxes of $16.55, representing a significant cost savings for future development. This is a rare opportunity to acquire a well-positioned, ready-to-develop commercial lot in a rapidly expanding area. The asking price is $850,000, with a land value of $12.27 per square foot. Don't miss this chance to secure your place in O'Fallon's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.