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    400 Highway 50 O'Fallon, IL 62269

    • Banks
    • 3,030 SF
    • 0.67 lot acres
    For Sale
    View listing
    $2,890,000
    Value Estimation
    Location Intelligence
    Property ID
    US28-1062348
    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

    • Western Union / Money Transfer Service
    • ATM (Regions Bank) / Atm
    • Regions Bank / Atm / Financial Institution
    • Regions Mortgage / Mortgage Lender

    Property Details for 400 Highway 50

    Year built
    1967
    Construction
    STEEL FRAME
    Lot size
    0.67 lot acres
    Property size
    3,030 SF
    Property type
    Banks
    APN
    04-32-0-103-001
    APU
    4320103001

    Description

    This exceptional mixed-use property, located in O'Fallon, Illinois, presents a unique investment opportunity. The former ice cream manufacturing plant encompasses approximately 36,940 square feet, distributed across a 34,431 square foot warehouse/manufacturing plant and a 2,509 square foot office space. The property sits on eight parcels totaling approximately 2.75 acres and features five dock-high doors, two drive-in doors (measuring 20' x 14' and 14' x 14'), and approximately 50 paved parking spaces. Two of the plant parcels are zoned B-1 by the City of O'Fallon. The property benefits from three-phase electric service and enjoys a highly visible location on Highway 50, with approximately 15,400 vehicles passing daily. Its strategic location is approximately 1.5 miles from I-64 (Exit 16) and 5.4 miles from Scott Air Force Base, providing convenient access to major transportation routes and a significant workforce. The area boasts a thriving economy, with nearby hospitals, restaurants, and other hospitality businesses. Utilities are provided by the City of O'Fallon (water and sewer) and Ameren Illinois (electric and gas). The property's proximity to Scott Air Force Base, which contributes $3 billion annually to the regional economy, and its location within 30 minutes of St. Louis International Airport and 10 minutes from MidAmerica Airport, further enhance its investment appeal. This property is ideal for redevelopment and offers significant potential for a variety of uses. The asking price is $2,890,000. APN numbers are: 04-30.0-413-010, 04-30.0-413-011, 04-30.0-413-022, 04-30.0-413-023, 04-30.0-413-024, 04-30.0-413-018, 04-30.0-423-004, and 04-30.0-423-002.

    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
    -89.9055
    Latitude
    38.5844
    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
    $10,143
    $35,358
    $98,514
    $133,872
    -
    $106,074
    $295,542
    $401,616

    Comparable in this City

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      1501 Hwy 50

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      Lincoln St

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      1770 Frank Scott E Pkwy

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      2,704 SF

      104 Regency Park

      FINANCIAL BUILDING • 2,704 SF
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      View Details

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    400 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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