1202 Frank Scott Pkwy O'Fallon, IL 62269
- Land
- 2.77 lot acres
Current Use by Public Records
- Land
Property Details for 1202 Frank Scott Pkwy
- Lot size
- 2.77 lot acres
- Property type
- Land
Description
This exceptional 2.77-acre commercial development site, located at 1202 Frank Scott Parkway in O'Fallon, Illinois (zip code 62269), presents a compelling investment opportunity. The property, identified by APN 03-36.0-300-006, is zoned B-1 (P) and offers significant potential for a variety of commercial uses. Priced at $495,000, this translates to approximately $190,975 per acre, reflecting the land's high value in this desirable location. The site boasts over 600 feet of frontage on the heavily trafficked Frank Scott Parkway (Thouvenot Lane), experiencing an average daily traffic count of 17,800 vehicles. This high visibility ensures excellent exposure for any development. The property benefits from readily available utilities, simplifying the development process. Its strategic location is surrounded by a thriving mix of retail, office buildings, retail centers, banks, convenience stores, and both single-family and multi-family residential developments. The proximity to St. Elizabeth's and Memorial Hospitals further enhances its appeal for medical-related businesses. This site is ideally suited for medical, retail, or office developments, offering a unique chance to capitalize on the strong commercial activity and growth in O'Fallon, Illinois. The property is situated in St. Clair County.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- O'Fallon
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9418
- Latitude
- 38.5709
