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  • Listed by: Cole Jones Group with Elevate Illinois Realty • David W Cole • 618-365-0600
    Bought with: CR Holland Real Estate LLC
    $350,000

    716 W Highway 50, O'Fallon, IL 62269

    2beds
    1,028sqft
    Single Family Residence
    Built in 1951
    0.99 Acres Lot
    $350,000 Zestimate®
    $340/sqft
    $1,363 Estimated rent

    Home value

    $350,000

    $333,000 - $368,000

    $1,363/mo

    Zestimate® history
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    What's special

    Raised ranchFenced backyardStorage shed
    Rare 1.06-Acre Opportunity in O’Fallon with Commercial Potential! Discover the incredible potential of 716 W Highway 50, featuring 120 feet of high-visibility frontage in one of O’Fallon’s most rapidly growing corridors. This sprawling 1.06-acre property offers an unmatched canvas for a strategic development project or a long-term investment. Situated directly adjacent to Scott Credit Union and just minutes from a major interstate exit, the site benefits from an impressive daily traffic count of approximately 19,500 vehicles. While the property currently includes a 1,028 sq. ft., 2-bedroom, 1-bathroom raised ranch with a fenced backyard and storage shed, the true value lies in the expansive acreage and premier positioning. The location—with a new hotel coming soon and established professional neighbors—presents a prime opportunity for a buyer to pursue rezoning for commercial use. Located within top-rated O’Fallon District 90 and just minutes from Scott Air Force Base, major hospitals, the O'Fallon Sports Park, and shopping, this is a unique chance to secure a significant footprint in a high-demand area. This property is perfectly situated to capitalize on the region's continued future growth.

    Zillow last checked:

    Listing updated:

    Listed by:

    David W Cole 618-365-0600,

    Cole Jones Group with Elevate Illinois Realty

    Bought with:

    Chris R Nelson, 471021648

    CR Holland Real Estate LLC

    Source: MARIS,MLS#: 26015459MLS LogoOriginating MLS: Southwestern Illinois Board of REALTORS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 1
    • Full bathrooms: 1
    • Main level bathrooms: 1
    • Main level bedrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Features
    • Has fireplace: No
    Interior area
    • Total structure area: 1,028
    • Total interior livable area: 1,028 sqft
    • Finished area above ground: 1,028

    Property

    Parking
    • Parking features: Garage - Attached
    • Has attached garage: Yes
    Features
    • Levels: One
    Lot
    • Size: 0.99 Acres
    • Features: Back Yard
    Details
    • Parcel number: 0430.0300007
    • Special conditions: Listing As Is

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Raised Ranch
    • Property subtype: Single Family Residence
    Materials
    • See Remarks
    Condition
    • Year built: 1951

    Utilities & green energy

    • Electric: Ameren
    • Sewer: Septic Needed

    Community & HOA

    Community
    • Subdivision: Glenns Assessment
    HOA
    • Has HOA: No
    Location
    • Region: Ofallon

    Financial & listing details

    • Price per square foot: $340/sqft
    • Tax assessed value: $50,115
    • Annual tax amount: $3,959
    • Date on market: 4/1/2026
    • Cumulative days on market: 118 days
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    8/28/2026Sold$350,000-12.5%$340/sqft
    Source: MARIS #26015459 Report a problem
    8/18/2026Pending sale$400,000$389/sqft
    Source: MARIS #26015459 Report a problem
    7/29/2026Contingent$400,000$389/sqft
    Source: MARIS #26015459 Report a problem
    7/27/2026Price change$400,000-20%$389/sqft
    Source: MARIS #26015459 Report a problem
    4/1/2026Listed for sale$500,000+194.1%$486/sqft
    Source: MARIS #26015459 Report a problem
    10/2/2019Listing removed$975$1/sqft
    Source: Keller Williams Marquee #19055149 Report a problem
    9/11/2019Price change$975-11.4%$1/sqft
    Source: Keller Williams Marquee #19055149 Report a problem
    8/6/2019Listed for rent$1,100$1/sqft
    Source: Keller Williams Marquee #19055149 Report a problem
    6/12/2017Sold$170,000$165/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$3,653 +8.4%$50,115 +12.7%
    2023$3,370 +5.7%$44,479 +8.8%
    2022$3,187 +2.5%$40,893 +4.4%
    2021$3,109 +0.7%$39,158 +2.1%
    2020$3,088 +2.2%$38,357 +3.5%
    2019$3,021 +2.6%$37,067 +3%
    2018$2,944 +9.6%$35,991 +14%
    2017$2,687 $31,578 +0.8%
    2016$2,687 +109.6%$31,330 +1.2%
    2014$1,282 -20.9%$30,968 +3.6%
    2013$1,620 $29,902 -1.6%
    2012-- $30,401 +45.8%
    2011-- $20,855 -1.9%
    2010-- $21,265
    2009-- $21,265
    2008-- $21,265 +8.5%
    2006-- $19,602 +7%
    2005$1,384 +8.4%$18,315 +6.8%
    2004$1,276 $17,149 +9%
    2003-- $15,738 +6.2%
    2002-- $14,820 +2.2%
    2001-- $14,498
    2000-- $14,498
    Find assessor info on the county website

    Neighborhood: 62269

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • Elementary: Ofallon Dist 90
    • Middle: Ofallon Dist 90
    • High: Ofallon

    Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $350,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $350,000