Property for Sale: 1904 W Highway 50, O'Fallon, IL 62269 SOLD
1,946 sqft
$235,000
$235,000
1904 W Highway 50,
O'Fallon, IL 62269 SOLD
1,946 sqft
$235,000
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Selling Price: $235,000
Original List Price: $259,000
Sold at 90.7% of list price
Sold Date: 02/22/2024
Type Commercial
Square Footage 1,946 sqft
Lot Size 0.33 acres
Year Built 1961
Taxes Paid $4,989
City O'Fallon
County St Clair-IL
Subdivision Homestead, Sub
MLS 23067786
Status Closed
DOM 101 days
Meticulously maintained and flourishing barbershop and hair salon offering an unparalleled opportunity for aspiring investors, cosmetologists/barbers, and entrepreneurs. Property is located on W Hwy 50 in the heart of O’Fallon and is zoned B-1 commercial, with over 19,000 average traffic count vehicles per day on Hwy US-50. Located in a high traffic area with excellent visibility. Building is 1946 sq ft, on 0.33 acres with 11 asphalt parking spaces. Actual build year is 1961, with an effective built year of 1995. Side A of the building includes a large open room with 3 Barber stations. Side B includes 4 individual suites being operated as hair salons (financial details on the lease amount available upon request for qualified buyers), with a positive cash flow. Maintained a solid representation over the years with established clientele. Property has 2 half baths, an updated waiting room with full kitchen in the break area, hardwood/tile flooring throughout.
Room Features
Misc Description Building Sign, Kitchen Facilities, Outside Storage
Lot & Building Features
Cooling Electric, Wall Unit(s)
Heating Forced Air
Parking Description Asphalt, Parking Lot
Sewer Public Sewer
Tax Year 2022
Water Public
Price History of 1904 Highway 50, O'Fallon, IL
Date | Name | Price | Difference |
---|---|---|---|
11/17/2023 | Listing Price | $235,000 | N/A |
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed. |
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