1505 Tower Dr Okawville, IL 62271
This exceptional 6.05-acre commercial property in Okawville, Illinois, presents a unique investment opportunity. Located at 1505 N. Tower Dr., the site boasts 280 feet of high-visibility frontage on I-64, enjoying a daily traffic count of 31,000 vehicles. The property includes a 1,400 square foot office building featuring a reception area, three offices, a break room, and a restroom, along with a spacious 4,800 square foot pole barn equipped with three sliding drive-in doors and a concrete floor. The pole barn dimensions are 80' x 60', with three 15' x 14'21" doors and one 7'10" x 6'10" garage door. Utilities are readily available, including water service from the Village of Okawville and internet access through Charter Spectrum. The property is zoned HB1 (Highway Business) within a Tax Increment Financing (TIF) district, offering significant development potential. Its proximity to the Roland Barkau Golf Course adds further appeal. The asking price is $595,000, and the property is offered fee simple. Parcel number is 12-06-16-427-004. This is a rare opportunity to acquire a well-situated commercial property with significant development potential in a high-traffic location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miProperty description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.