729 W Hwy 50 | O'Fallon, IL 62269
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- LoopNet Team
729 W Hwy 50
O'Fallon, IL 62269
Principal Plaza · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Neighborhood Strip Center With Diverse Mom and Pop Tenants
- Existing “Bread and Butter” Diverse Tenant Mix With a Wide Range of Replacement Uses in Convenient Small Shop Divisions
- Potential to Increase Rents to Market Value ($14 PSF +/-) on Renewal
- Third Party Management in Place Provides Hands Off Investment
- Potential to Acquire Adjacent End-Cap and Convert Drive Thru Use in Separate Transaction
- Located on W US Hwy 50 Which Sees Nearly 60,785 VPD
PROPERTY FACTS
Property Type
Building Size
10,383 SF
Building Class
B
Year Built
1999
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.23
Lot Size
1.03 AC
Zoning
C-1
Frontage
176’ on W Hwy 50
PROPERTY TAXES
| Parcel Number | 04-30.0-324-004 | Improvements Assessment | $347,677 |
| Land Assessment | $102,892 | Total Assessment | $450,569 |
PROPERTY TAXES
Parcel Number
04-30.0-324-004
Land Assessment
$102,892
Improvements Assessment
$347,677
Total Assessment
$450,569
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