648 W Hwy 50 - Commercial LAND FOR SALE


O'Fallon, IL 62269 142,006 SF
$500,000 USD
618-304-3917
648 W Hwy 50, O'Fallon, IL for Sale
$500,000 USD
Commercial LAND - FOR SALE
1/15
142,006 SF

648 W Hwy 50
O'Fallon, IL 62269


HIGHLIGHTS

  • City-approved multifamily/townhome development site
  • Excellent access to Hwy 50 and I-64 (Exit 14)
  • Strong surrounding demographics with high median incomes
  • Full utility access along Lawn Avenue
  • Flat, undeveloped land with no environmental constraints

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/ACRE

$153,374/AC

PRICE/SF

$4 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Multi-Family Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family

LAND ACRES

3.26 AC

LAND SF

142,006 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets

ZONING

MR-1(p)

APN/PARCEL ID

04-30-0-300-036

ASK ABOUT THIS PROPERTY

Carter MarteenyBarberMurphy GroupMore Info
618-304-3917

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Carter MarteenyBarberMurphy GroupMore Info
618-304-3917

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.