406 W. Highway 50, O'Fallon, IL 62269

Former Gators Frozen Custard at 406 W. Highway 50, O’Fallon, IL 62269 presents a rare opportunity to acquire a highly visible retail property along one of O’Fallon’s main commercial corridors. This 1,120 SF freestanding building sits on 0.26 acres and is ideally suited for retail, restaurant, dessert, drive-thru, or service-oriented users. Positioned on busy Highway 50 with traffic counts of approximately 16,200 vehicles per day, the property offers outstanding exposure, convenient access, and strong surrounding demand. Features include a drive-up window, outdoor seating area, one overhead garage door, pole and building signage, 16 parking spaces, and 3-phase electric. The building was remodeled in 2022, with a new roof, gutters, and siding completed in 2025. Zoned B-1(P) Planned Community Business District, the site is just 1.9 miles from I-64 Exit 16 and approximately 7 miles from Scott Air Force Base, with close proximity to major retailers, restaurants, hotels, hospitals, parks, and schools. Seller will provide engineered plans for potential expansion, adding future upside to this well-located asset. Offered for sale at $259,900. Located along I-64 in Southern Illinois, O'Fallon is a key part of the St. Louis Metro East. Home to national retailers and local businesses alike. It's among the fastest-growing cities in the region-and ranked as one of the best places to live by several national publications. Key Industries and employers in the region include Healthcare (BJC, Memorial East Hospital, St. Elizabeth's Hospital), Scott Air Force Base, Major Retailers, Tourism and Recreation.

Due to its proximity to Scott Air Force Base (SAFB) the population receives a boost from military and federal civilian personnel, defense contractors and military retirees. SAFB contributes $3 Billion annually to regional economy. Property is located 30 Minutes from St. Louis international Airport & 10 Minutes from MidAmerica Airport (commercial & cargo).