Property profile

1317 Hwy O'Fallon, IL 62269

OFF-MARKET
Retail properties & Spaces
1,625 SF 0.32 ac lot Built 1953
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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

Location

1317 Hwy O'Fallon, IL 62269
O'Fallon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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