1317 Hwy, O'Fallon, IL 62269
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.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.