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    702 Highway 50 O'Fallon, IL 62269

    • Commercial real estate
    • 5,080 SF
    • 0.79 lot acres
    For Sale
    View listing
    $347,303
    Value Estimation
    Location Intelligence
    Property ID
    US28-0616906
    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

    • Gifts For Individuals / Sign Shop / Trophy Shop
    • Podiatry 1st / Association Or Organization

    Property Details for 702 Highway 50

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.79 lot acres
    Property size
    5,080 SF
    Property type
    Commercial real estate
    APN
    04-32-0-201-024
    APU
    4320201024

    Description

    This exceptional 1.34-acre commercial land parcel presents a prime development opportunity in O'Fallon, Illinois. Located at 702 West Hwy 50, this high-visibility site boasts 151 feet of frontage on a major thoroughfare, experiencing a high average daily traffic count of 14,900 vehicles. The property is zoned for Office District 1 and SR-2, offering flexibility for a variety of commercial developments. Its strategic location near a high-growth intersection ensures excellent accessibility and exposure. All utilities are conveniently located on-site, simplifying the development process. The land is priced competitively at $347,303, translating to $5.95 per square foot. This represents a significant value proposition for developers seeking a well-situated parcel in a thriving market. The property's APN is 04-30.0-300-015

    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
    -89.8995
    Latitude
    38.5829
    CBSA code
    41180
    CBSA name
    ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $17,961
    $27,881
    $209,178
    $237,059
    -
    $83,643
    $627,534
    $711,177

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    702 Highway 50
    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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