702 Highway 50O'Fallon, IL 62269

Property Details for 702 Highway 50

Year built

1990

Construction

FRAME

Lot size

0.79 AC

Property size (Sq ft)

5,080 SF

Property type

Commercial real estate

APN

04-32-0-201-024

APU

4320201024

Description

This exceptional 1.34-acre commercial land parcel presents a prime development opportunity in O'Fallon, Illinois. Located at 702 West Hwy 50, this high-visibility site boasts 151 feet of frontage on a major thoroughfare, experiencing a high average daily traffic count of 14,900 vehicles. The property is zoned for Office District 1 and SR-2, offering flexibility for a variety of commercial developments. Its strategic location near a high-growth intersection ensures excellent accessibility and exposure. All utilities are conveniently located on-site, simplifying the development process. The land is priced competitively at $347,303, translating to $5.95 per square foot. This represents a significant value proposition for developers seeking a well-situated parcel in a thriving market. The property's APN is 04-30.0-300-015

• Alternative Use

  Use

  Valuation

  Residential

  $1,374,598

  Hospitality

  $1,259,125

  Educational

  $1,047,577

  Medical

  $1,083,605

  Retail

  $1,629,564

Location Insight

City

O Fallon

County

St. Clair

State

Illinois

Latitude

38.5829

Longitude

-89.8995

CBSA code

41180

CBSA name

ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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