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1245 Central Park Dr
O'Fallon, IL 62269
Land For Sale
·
8.83 AC
Investment Highlights
- 8.83 acres available for sale, lease, or build-to-suit within a mixed-use development.
- Parcels eligible for 10 years of 50% real estate tax abatement (TIF) to maximize economic savings.
- Located in the O’Fallon Business Loop near major employers, retail anchors, hotels, and hospitals.
- Optimal visibility from I-64 with access to traffic counts exceeding 55,000 VPD by 2025.
- Flexible site plan suitable for restaurants, entertainment, hospitality, or retail operations.
- Surrounded by national brands including Target, Meijer, Menards, Ross, and Dierbergs.
Executive Summary
Central Park Plaza offers a unique opportunity for investors and developers to acquire 8.83 acres within one of O’Fallon’s most prominent mixed-use destinations. Located along Central Park Drive with direct interstate visibility from I-64, this site is strategically anchored by thriving national retailers and a strong consumer base. The area benefits from significant traffic counts and sustained growth, supported by nearby employers such as Scott Air Force Base, St. Elizabeth’s Hospital, and Memorial Hospital.
Investors will appreciate the long-term value with remaining tax incentives—10 years of 50% real estate tax abatement—which enhances project feasibility and returns. The property’s flexible layout allows for subdivision or large-format retail development, making it versatile for a range of uses including entertainment, hospitality, restaurants, or specialty retail concepts. Positioned in a market experiencing population and income growth, this tract promises enduring demand and optimal visibility for any high-impact development strategy.
Investors will appreciate the long-term value with remaining tax incentives—10 years of 50% real estate tax abatement—which enhances project feasibility and returns. The property’s flexible layout allows for subdivision or large-format retail development, making it versatile for a range of uses including entertainment, hospitality, restaurants, or specialty retail concepts. Positioned in a market experiencing population and income growth, this tract promises enduring demand and optimal visibility for any high-impact development strategy.
Property Facts
1 Lot Available
Lot
| Lot Size | 8.83 AC |
| Lot Size | 8.83 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $25,261 | Total Assessment | $25,261 |
Property Taxes
Parcel Numbers
Land Assessment
$25,261
Improvements Assessment
$0
Total Assessment
$25,261
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