635 Lincoln AveO'Fallon, IL 62269

Property Details for 635 Lincoln Ave

Year built

1897

Property size (Sq ft)

3,036 SF

Property type

Office properties

Property subtype

Office space

Description

This exceptional commercial property in O'Fallon, Illinois, presents a compelling investment opportunity. Located at 635 S Lincoln Ave, this property boasts two buildings totaling 3,036 square feet on a 9,148 square foot corner lot. The buildings, constructed in 1897 and renovated in 1985, currently house four units with multiple tenants under gross lease agreements. The property includes three leased businesses: counseling offices and alterations (1,600 sq ft), a hair braiding business (612 sq ft), and a vacant 824 sq ft, two-bedroom apartment offering significant value-add potential. Current monthly rent totals $2,375, with the landlord responsible for utilities (excluding electricity at one unit). This prime location on South Lincoln Avenue benefits from high visibility and traffic. Furthermore, this property is situated to benefit from the upcoming FORWARD 50 project, which will enhance the streetscape and surrounding area, promising increased property value. The asking price is $275,000, translating to $90.58 per square foot. This is a rare opportunity to acquire a well-maintained, multi-tenant property in a thriving Illinois community.

Location Insight

City

O'Fallon

County

St Clair

State

Illinois

Latitude

38.5868

Longitude

-89.9111

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].