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    FOR SALE
    Lifestyle centers

    1708 New Car Dr, O Fallon, IL 62269

    16,991 SF 1.66 ac lot Built 2000
    Property ID
    US28-1592383
    Property summary
    AI-generated overview

    This exceptional 16,991 square foot shopping center, located at 1708 New Car Dr in O'Fallon, Illinois, presents a lucrative investment opportunity. Built in 2000 and situated on a 1.66-acre lot, the property boasts a desirable B-2 Commercial zoning designation, allowing for a wide range of commercial uses. The center's prime location in the thriving O'Fallon market ensures high visibility and accessibility for businesses. The asking price is $2,150,000. This well-maintained property offers significant potential for immediate income generation and long-term appreciation. Its substantial size and strategic location within St. Clair County, Illinois, make it an ideal investment for both seasoned and emerging investors seeking a strong return on investment in a stable and growing market. The property's 2000 construction date suggests a relatively modern building with potential for minimal immediate capital expenditure. The zip code is 62269. The property's coordinates are latitude 38.5963569 and longitude -89.9572079. This retail shopping center represents a rare opportunity to acquire a well-positioned asset in a highly sought-after location. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Lifestyle centers
    Year built 2000
    Total area 16,991 SF
    Lot 1.66 ac (72,310 SF)
    UPID US28-1592383
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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