1727 Highway 50 O'Fallon, IL 62269
- Commercial real estate
- 2,728 SF
- 0.51 lot acres
Current Use by Public Records
- Supplies Plus / Clothing Store / Camping Store
Property Details for 1727 Highway 50
- Year built
- 1952
- Construction
- WOOD
- Lot size
- 0.51 lot acres
- Property size
- 2,728 SF
- Property type
- Commercial real estate
- APN
- 03-26-0-300-056
- APU
- 3260300056
Description
This exceptional retail opportunity, located at 1727 West Highway 50, Suite 200, in O'Fallon, Illinois 62269, offers 1,228 square feet of vacant space within a larger 2,728 square foot building. The property boasts a convenient single-story layout, perfect for a variety of retail uses. The suite features an open floor plan, ideal for customization, along with a private office, restroom, and ample storage. Benefit from prominent marquee signage for enhanced visibility and attract customers easily. The property sits on a 0.51-acre lot and includes 30 total parking spaces for customer and employee convenience. This Class C building, constructed in 1952, is zoned for O'Fallon commercial use and has the APN 03-26.0-300-056. Its prime location on Highway 50 ensures high traffic volume, and its proximity to Interstate 64 (within one mile) provides easy access for customers and employees. The surrounding area is thriving, with numerous big-box retailers, fast-food restaurants, and other office properties, creating a strong commercial environment. This is an ideal location for businesses seeking high visibility and convenient access in a bustling commercial area. The property is ready for immediate occupancy.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $205,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $235,000
- 6.5%
- $240,000
- 7%
- $225,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $220,000
- Geo Method
- $210,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $225,000
- Retail
- $215,000
- Mixed-Use
- $240,000
- Hospitality
- $240,000
- Educational
- $200,000
- Residential Income
- $195,000
- Energy
- $205,000
- Income-Based Land
- $200,000
- Food Service
- $220,000
Location Insight
- Map
- Local Demand
- City
- O Fallon
- County
- St. Clair
- State
- Illinois
- Longitude
- -89.9609
- Latitude
- 38.5922
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA