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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 single-tenant office building, located at 1317 West Hwy 50 in O'Fallon, Illinois, presents a fantastic investment opportunity. Built in 1953 and extensively renovated in 2017, the property boasts new windows, flooring, and paint. The layout includes a reception area, five individual offices, and a break room. The building sits on a 0.32-acre lot, offering ample parking with seven spaces. High visibility and traffic on Hwy 50, across from Sam's Club, ensure excellent exposure. The 8-foot ceilings and B-1 zoning provide flexibility. The property's current configuration features cubicles, but these are removable, allowing for a return to full, individual offices if desired. The property includes 1,625 square feet of vacant space. Taxes are $3,384 per square foot. The APN is 03-26.0-404-005, located in St. Clair County, Illinois, zip code 62269. This is a one-story building.

    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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