1404-1408 Hwy O'Fallon, IL 62269
This exceptional 7.05-acre commercial land parcel presents a remarkable redevelopment opportunity in O'Fallon, Illinois. Boasting 350 feet of frontage on Highway 50, this high-visibility site benefits from an impressive 80,000 average daily traffic count on nearby I-64, ensuring significant exposure to potential customers. The property's strategic location offers unparalleled access to a substantial consumer base: 100,000 people reside within a 5-mile radius, and nearly 250,000 within a 10-mile radius. Its proximity to major transportation arteries and key regional destinations further enhances its appeal. Situated just 15 miles from St. Louis and 10 miles from Scott Air Force Base, this site is ideally positioned to capitalize on the robust economic activity and substantial population density of the surrounding area. The property is zoned B-1, offering flexibility for a wide range of commercial developments. The APN is 03-26.0-200-016|201-008. This is a truly exceptional opportunity to acquire a prime commercial land parcel in a thriving market. The asking price is $3,200,000.
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
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No recorded transactions found for this property.
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Risks
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