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21 photos
Additional details
$546,250
Est. payment /mo
1.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26013280
Year Built 1945
Annual Tax Amount $6,683
Lot Size 1.420 Acres
Acres 1.42
Property Sub-Type Mixed Use
Property Description
Prime Highway 50 Development Opportunity – 1.42 Acres
Excellent redevelopment opportunity in one of O'Fallon's fastest-growing corridors. This offering includes two adjoining parcels totaling approximately 1.42 acres, with about 200 feet of frontage and 350 feet of depth along highly traveled West Highway 50, with an estimated daily traffic count of approximately 13,000 vehicles.
Ideally located just 600 feet from the signalized intersection at N. Green Mount Road and approximately one mile from Interstate 64, the site offers excellent visibility and convenient access.
The property currently features two leased residential homes, providing immediate rental income while plans for redevelopment are put in place.
A strong opportunity for investors or developers looking for a high-exposure site in a thriving commercial area with built-in income.
Excellent redevelopment opportunity in one of O'Fallon's fastest-growing corridors. This offering includes two adjoining parcels totaling approximately 1.42 acres, with about 200 feet of frontage and 350 feet of depth along highly traveled West Highway 50, with an estimated daily traffic count of approximately 13,000 vehicles.
Ideally located just 600 feet from the signalized intersection at N. Green Mount Road and approximately one mile from Interstate 64, the site offers excellent visibility and convenient access.
The property currently features two leased residential homes, providing immediate rental income while plans for redevelopment are put in place.
A strong opportunity for investors or developers looking for a high-exposure site in a thriving commercial area with built-in income.
Location
State IL
County St. Clair
Interior
Heating Forced Air
Cooling Central Air, Electric
Fireplace N
Exterior
Utilities Available Electricity Available, Natural Gas Available, Water Available
View Y/N No
Building
Water Public
Structure Type Brick
Others
Ownership Private
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Package
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Listed by Kevin Beck • Kunkel Wittenauer Group, Inc
Nearby School & Business
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Joe LoPiccolo
Broker Associate | License ID: 2005026477
Broker Associate License ID: 2005026477
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