645 W Highway 50 | O'Fallon, IL 62269
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- LoopNet Team
645 W Highway 50
O'Fallon, IL 62269
O'Fallon Centre · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Fully Occupied Mixed-Use Building
- Well Below Market Rents
- Strong Mix of Recession and Internet Proof Tenants
- Modified Gross Leases; 70% of Tenants Pay Their Own Utilities; Landlord Pays the Rest of Expenses
- Below Replacement Cost
- High Median Annual Household Income at $87,226 in a 3-Mile Radius
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
18,565 SF
Building Class
B
Year Built
1988
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.45
Lot Size
0.95 AC
Zoning
Commercial - Retail and office users permitted.
Parking
85 Spaces (4.58 Spaces per 1,000 SF Leased)
Frontage
180’ on W US Highway 450
AMENITIES
- Signage
- Monument Signage
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 04-30.0-303-091 | Improvements Assessment | $445,157 |
| Land Assessment | $19,024 | Total Assessment | $464,181 |
PROPERTY TAXES
Parcel Number
04-30.0-303-091
Land Assessment
$19,024
Improvements Assessment
$445,157
Total Assessment
$464,181
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