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648 W Hwy 50
O'Fallon, IL 62269
Multi-Family Development Site · Terrain À vendre
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3,26 AC
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FAITS SAILLANTS DE L'INVESTISSEMENT
- 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
RÉSUMÉ DE L'ANNONCE
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.
FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Sous-type de propriété | Terrain commercial |
| Nombre de lots | 1 | Utilisation proposée | Multi-résidentiel |
| Type de propriété | Terrain | Taille totale du lot | 3,26 AC |
| Zonage | MR-1(p) | ||
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Multi-résidentiel |
| Taille totale du lot | 3,26 AC |
| Zonage | MR-1(p) |
1 LOT DISPONIBLE
Lot
| Prix | 697 960 $ CAD | Taille du lot | 3,26 AC |
| Prix par AC | 214 098,17 $ CAD |
| Prix | 697 960 $ CAD |
| Prix par AC | 214 098,17 $ CAD |
| Taille du lot | 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.
Impôts fonciers
| Numéro de lot | 04-30-0-300-036 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 181 994 $ CAD | Évaluation totale | 181 994 $ CAD |
Impôts fonciers
Numéro de lot
04-30-0-300-036
Évaluation du terrain
181 994 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
181 994 $ CAD
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