1,721 SF Retail / Office Building for Sale | 10,500 ADT on W State St | O'Fallon, IL (St. Louis MSA - Metro East)

330 W State St O'Fallon, IL 62269

330 W State St, O'Fallon, IL, 62269
330 W State St, O'Fallon, IL, 62269
Property Type:
Free Standing Building
Last Verified:
Mar 19, 2019

1,700+ SF recently updated retail building with detached 2 car garage. 1st floor has ADA ramp access and ADA compliant restroom. 2nd floor has two large private offices with ample closet space for storage. New roof in 2018. All electric and windows replaced in 2015. HVAC installed in 2009 (Energy Star); Water Heater installed in 2007. Washer and dryer stay with property. Garage roof new in 2009.

Sale Price: $155,000

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Map of 330 W State St, O'Fallon, IL, 62269

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.