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648 W Hwy 50
O'Fallon, IL 62269
Multi-Family Development Site · Land For Sale
·
3.26 AC
INVESTMENT HIGHLIGHTS
- City-approved multifamily/townhome development site
- Strong surrounding demographics with high median incomes
- Flat, undeveloped land with no environmental constraints
- Excellent access to Hwy 50 and I-64 (Exit 14)
- Full utility access along Lawn Avenue
EXECUTIVE SUMMARY
With 300 feet of frontage and 475 feet of depth, the site features flat topography and is fully approved for residential development through the city, streamlining the path to construction. Located just off Highway 50 and in close proximity to I-64 (Exit 14), the property benefits from excellent regional connectivity and visibility.
The surrounding area is characterized by strong demographics, with over 83,000 residents within a 5-mile radius and median household incomes exceeding $73,000. The site is served by full utilities—water, sewer, gas, and electric—all located along Lawn Avenue and provided by the City of O’Fallon and Ameren. With no environmental or archaeological constraints and no survey required, the land is ready for immediate development.
This parcel is not located within a TIF, Enterprise, Opportunity, or Foreign Trade Zone, but its strategic location and city-approved plans make it a compelling investment for developers seeking to capitalize on O’Fallon’s expanding residential demand.
The surrounding area is characterized by strong demographics, with over 83,000 residents within a 5-mile radius and median household incomes exceeding $73,000. The site is served by full utilities—water, sewer, gas, and electric—all located along Lawn Avenue and provided by the City of O’Fallon and Ameren. With no environmental or archaeological constraints and no survey required, the land is ready for immediate development.
This parcel is not located within a TIF, Enterprise, Opportunity, or Foreign Trade Zone, but its strategic location and city-approved plans make it a compelling investment for developers seeking to capitalize on O’Fallon’s expanding residential demand.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Multifamily |
| Property Type | Land | Total Lot Size | 3.26 AC |
| Zoning | MR-1(p) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 3.26 AC |
| Zoning | MR-1(p) |
1 LOT AVAILABLE
Lot
| Price | $697,960 CAD | Lot Size | 3.26 AC |
| Price Per AC | $214,098.17 CAD |
| Price | $697,960 CAD |
| Price Per AC | $214,098.17 CAD |
| Lot Size | 3.26 AC |
Positioned in the heart of O’Fallon’s growth corridor, this 3.26-acre parcel offers a prime opportunity for multifamily or townhome development.
PROPERTY TAXES
| Parcel Number | 04-30-0-300-036 | Improvements Assessment | $0 CAD |
| Land Assessment | $183,845 CAD | Total Assessment | $183,845 CAD |
PROPERTY TAXES
Parcel Number
04-30-0-300-036
Land Assessment
$183,845 CAD
Improvements Assessment
$0 CAD
Total Assessment
$183,845 CAD
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