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    1073 Hartman Ln O'Fallon, IL 62269

    • Commercial real estate
    • 2.96 lot acres
    For Sale
    View listing
    $695,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-5871532
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1073 Hartman Ln

    Lot size
    2.96 lot acres
    Property type
    Commercial real estate
    APN
    03-35.0-400-014

    Description

    This exceptional 2.96-acre commercial land parcel in O'Fallon, Illinois, presents a remarkable investment opportunity. Located at 1073 Hartman Ln, this property boasts 194 feet of frontage and is zoned for Commercial Business use. Its strategic location near the intersection of Thouvenot Lane (Frank Scott Parkway) and Hartman Lane places it within a high-visibility, high-traffic area experiencing over 33,000 cars per day. The site is adjacent to a recently completed car wash development and a thriving multi-family community (Thirteen01 Hartman Lakes) with over 200 units and a planned expansion of 120 villas, ensuring consistent growth and high visibility. All utilities are available, and convenient ingress/egress is ensured. The asking price is $695,000, translating to approximately $234,797 per acre. This prime location offers significant potential for various commercial ventures, capitalizing on the area's robust development and high traffic volume. The property's APN is 03-35.0-400-014. Additional acreage is available for purchase in the immediate vicinity. This is an exceptional opportunity to acquire a highly desirable commercial property in a rapidly growing area.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    O'Fallon
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.94865
    Latitude
    38.572184

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    O'Fallon, IL 62269
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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