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    OFF-MARKET
    Retail properties & Spaces

    1317 Hwy, O'Fallon, IL 62269

    1,625 SF 0.32 ac lot Built 1953
    Property ID
    Property summary
    AI-generated overview

    This 1,625-square-foot office and retail building is situated on 0.32 acres of land at 1317 West Hwy 50 in O'Fallon, Illinois, zip code 62269. The property, built in 1953 and extensively renovated in 2017, features a single-story building with seven parking spaces. The interior boasts a reception area, five offices, and a break room. The layout currently includes cubicles, but these are removable, allowing for a return to full, individual offices if desired. Recent updates include new windows, flooring, and paint. The building is zoned B-1 and offers high visibility and traffic due to its location across from Sam's Club on Hwy 50. The asking price is $265,000, with a price per square foot of $163.08. The lease type is gross, and the tenancy is single. The property's APN is 03-26.0-404-005. This presents a fantastic opportunity for a business seeking a well-maintained, high-traffic location in a thriving area.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1953
    Total area 1,625 SF
    Lot 0.32 ac (13,939 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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