O'Fallon, IL Commercial Real Estate for Lease and Sale

Explore 67 listings of O'Fallon commercial real estate for lease and for sale to find the best space for your business.

Blade Building

1405 North Green Mount Road, O'Fallon, O'fallon, IL
Property

Office

57,000 SF
Availability

1 Space

12,000 SF
Year Built

2016
For Lease

$28.00/SF/YR
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720-724 W. Hwy 50

720-724 W. Hwy 50, O'Fallon, O'fallon, IL
Property

Land

3.37 Acre
For Sale

$1,525,750
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50 West Office Building

821 West Highway 50, O'Fallon, O'fallon, IL
Property

Office

36,525 SF
Availability

1 Space

3,380 SF
Year Built

2021
For Lease

$29.00/SF/YR
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Green Mount Corporate Center

475 Regency Park, O'Fallon, O'fallon, IL
Property

Office

52,370 SF
Availability

1 Space

1,894 SF
Year Built

2008
For Lease

$17.00/SF/YR
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Cross St & Frank Scott Pkwy

Cross St & Frank Scott Pkwy, O'Fallon, Shiloh, IL
Property

VacantLand

3.03 Acre
For Sale Contact for pricing
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1716 Corporate Crossing

1716 Corporate Crossing, O'Fallon, O'fallon, IL
Property

Office

12,363 SF
Availability

1 Space

6,000 SF
For Lease

$15.00/SF/YR
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Cross St & Frank Scott Pkwy

Cross St & Frank Scott Pkwy, O'Fallon, Shiloh, IL
Property

VacantLand

6.53 Acre
For Sale Contact for pricing
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650 Hartman Ln

650 Hartman Ln, O'Fallon, O'fallon, IL
Property

Industrial
Year Built

1990
For Sale

$1,960,200
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1690 New Car Dr

1690 New Car Dr, O'Fallon, O Fallon, IL
Property

Retail

17,661 SF
Year Built

2004
For Sale

$2,000,000
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176 Auto CT

176 Auto CT, O'Fallon, O Fallon, IL
Property

Retail

31,414 SF
Availability

1 Space

31,414 SF
Year Built

1997
For Lease Contact for pricing
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W Highway 50

W Highway 50, O'Fallon, O'fallon, IL
Property

Industrial
For Sale

$150,000
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117 Auto CT

117 Auto CT, O'Fallon, O Fallon, IL
Property

Retail

10,427 SF
Availability

1 Space

10,427 SF
Year Built

1989
For Lease Contact for pricing
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721 West Highway 50

721 West Highway 50, O'Fallon, O'fallon, IL
Property

VacantLand

0.17 Acre
For Sale

$55,000
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1730 East Hwy 50

1730 East Hwy 50, O'Fallon, O'fallon, IL
Property

VacantLand

5.37 Acre
For Sale

$935,669
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801 W State St

801 W State St, O'Fallon, O Fallon, IL
Property

Office

6,472 SF
Availability

1 Space

6,472 SF
Year Built

1995
For Lease

$15.00/SF/YR
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Cross St & Frank Scott Pkwy

Cross St & Frank Scott Pkwy, O'Fallon, Shiloh, IL
Property

VacantLand

2.72 Acre
For Sale Contact for pricing
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Southview Plaza

300 Southview Plaza, O'Fallon, O'fallon, IL
Property

Retail

15,120 SF
Availability

1 Space

15,120 SF
For Lease Contact for pricing
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120-142 St. Ellen Mine Rd

120-142 St. Ellen Mine Rd, O'Fallon, O'fallon, IL
Property

VacantLand

5 Acre
For Sale

$150,000/Acre
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Sunrise Center II

1334 Central Park Dr, O'Fallon, O'fallon, IL
Property

Retail

16,060 SF
Availability

1 Space

3,500 SF
For Lease

$15.00/SF/YR
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230 Obernuefemann Rd

230 Obernuefemann Rd, O'Fallon, O'fallon, IL
Property

Industrial

11,827 SF
Availability

1 Space

11,827 SF
Year Built

1969
For Lease

$12.00/SF/YR
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1708 New Car Dr

1708 New Car Dr, O'Fallon, O Fallon, IL
Property

Retail

16,991 SF
Year Built

1997
For Sale

$2,150,000
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791 Wall St

791 Wall St, O'Fallon, O'fallon, IL
Property

Office

4,000 SF
For Sale

$900,000
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105 Auto CT

105 Auto CT, O'Fallon, O Fallon, IL
Property

Retail

14,909 SF
Availability

1 Space

14,909 SF
Year Built

1989
For Lease Contact for pricing
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800 E Highway 50

800 E Highway 50, O'Fallon, O Fallon, IL
Property

Office

24,000 SF
Availability

2 Spaces

24,000 SF
For Lease

$10.00/SF/YR
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702 West Hwy 50

702 West Hwy 50, O'Fallon, O'fallon, IL
Property

VacantLand

1.34 Acre
For Sale

$347,303
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Lakepointe Center

715 Lakepointe Centre Dr, O'Fallon, O Fallon, IL
Property

Retail

15,600 SF
Availability

1 Space

1,381 SF
For Lease

$13.00/SF/YR
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Frequently Asked Questions

Commercial real estate is a broad category that includes a high variety of space types designed to meet the needs of various industries of the local economy and their specialized subsectors, as presented in our real estate 101 guide to types of commercial real estate. However, there are three main categories that you are most likely to come across: office, retail, and industrial space.

Modern office space is typically organized over large floor plates bound by high ceilings and large windows for an abundance of natural light and is located in transit-oriented developments with good access to multiple modes of transportation, so as to facilitate employee commute. The O'Fallon commercial real estate market incorporates 239,853 square feet of office space across 16 buildings.

Office buildings can also accommodate coworking spaces, which are shared office options that typically cater to the needs of small, startup businesses that require flexible workspaces, a concentration of amenities, and services that can be accessed on an occasional or short-term basis.
Retail space includes shopping malls, department stores, street retail, or specialty stores dedicated to a narrow range of products. Such properties are typically located in high foot-traffic and/or car traffic areas, to facilitate customer access. The O'Fallon commercial real estate market includes 623,601 square feet of retail space in a variety of settings.
Industrial property most often serves businesses operating in manufacturing or logistics and generally consists of large open spaces located within good access to roads, railways, freight airports or regional water ports. Industrial space listings can include warehouses, manufacturing plants, distribution centers, flexible industrial space, or even data center facilities. Across the O'Fallon market, there is a total of 23,163 square feet of industrial property.

The listing inventory in O'Fallon incorporates commercial real estate for lease and for sale of almost all property types and subtypes. However, you’ll find some categories offer more rental or investment opportunities than others.

The largest share of commercial real estate space for lease in O'Fallon is represented by Retail space, which accounts for 158,347 square feet of available listings. Office space available in O'Fallon adds up to 83,256 square feet.

Meanwhile, most of the listings of commercial property for sale in O'Fallon are in the Retail category.

The price of renting or buying commercial real estate is influenced by a variety of factors, including: the property type (for example, office space is priced higher than other property types in most locations); the condition and asset class rating (property rated class A or above will typically command a higher price than lower grade classifications); the quality or the development potential of the property location; whether or not there is high demand for the type of commercial asset in question; and what the state of supply is relative to demand.

The average rent for commercial real estate space listed for lease in O'Fallon is $17.91 per square foot. However, this value does not offer enough perspective on its own, as you will find significant variation in prices across property types, property classes, and location, as well as other impacting factors. For instance, rent per square foot of office space in O'Fallon can vary greatly depending on the rating of the property from Class A to Class C, as well as across the city depending on the location of the asset.

Whether you are looking for commercial real estate for lease or commercial property for sale, the best choice of location depends on the factors that are most relevant to your business strategy. A good thing to look for at the start, however, is the areas of the city that have the highest concentration of your preferred type of property, as these areas are generally well connected to the amenities and points of interest that are most relevant to each property type.

As such, there are several areas that you could consider to be the best location for commercial real estate in O'Fallon, depending on the property type you are interested in.

Select your preferred property type from the search filters menu at the top of the search page and then navigate the interactive map for a better view of commercial real estate availability in the locations most suited to your needs.

Regardless of whether buying or leasing commercial space is a new experience for you, there are significant benefits to working with a commercial real estate broker. In addition to saving you time and money, an experienced broker will contribute specialist knowledge of the local market, the property type you need representation for, and will handle negotiations on your behalf in your best interest.

To start, it is important for you to have a good understanding of what kind of broker you need. For instance, there are differences between a tenant broker and a listing broker. Also important at the start is to have a clear idea of what kind of space (or tenant) you are looking for and what (if any) particular needs and requirements you might have. And, while it is good to get a referral, you should interview several brokers to better gauge who you feel would best represent your interests.

CommercialCafe hosts listings from some of the most trusted commercial real estate brokerages in the country. Use the contact form available on each listing page or the contact details for the property representatives to reach out and start your search!

The profitability of a commercial real estate investment depends on a multitude of factors working together. These factors include the quality of the asset itself — which itself includes aspects such as location, property class, amenities, and the quality of the property management — to the local market conditions, the state of the local economy, the demand for that particular type of commercial property, and of course the costs of owning and maintaining it relative to what leasing rate or sale price you get from the property. Asking rents in the city went as high as $29.65 per square foot. In particular, the property type commanding the highest lease rates in O'Fallon was Office space.

The average size of a commercial property in O'Fallon depends greatly on the property type and the location — geographical possibilities and zoning allowances have significant influence on how big developers can build. While there are outliers that break height or volume records in the city, we can look at some average sizes by property use:

In O'Fallon, the average size of an office property is 15,991 square feet.
Retail properties here incorporate an average of 23,097 square feet.
Industrial space in O'Fallon is in buildings that are, on average 11,582 square feet in size.

O'Fallon, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial real estate listings for rent in O'Fallon currently add up to 264,666 square feet. The market offers 14 active office listing(s), which amount to 83,256 square feet and account for 42% of commercial spaces on the market. Local retail availability includes 158,347 square feet across 17 retail space(s). Industrial space for rent opportunities in O'Fallon amount to 23,063 square feet across a total of 2 warehouse and other industrial listing(s).

Property Type	Count of Listings	Total SF
Office	14	83,256
Retail	17	158,347
Industrial	2	23,063

Commercial Space for Sale Breakdown

What’s more, if you are interested in making an investment in the local market, you can also find commercial real estate for sale in O'Fallon, IL. Currently, there is 313,153 square feet of commercial property for sale here , which includes 2 office building(s) for sale , 12 retail investment opportunity listing(s) .

Property Type	Count of Listings	Total SF
Office	2	12,000
Retail	12	166,824
Other	25	134,329

O'Fallon, IL Commercial Real Estate for Lease and Sale

Blade Building

720-724 W. Hwy 50

50 West Office Building

Green Mount Corporate Center

Cross St & Frank Scott Pkwy

1716 Corporate Crossing

Cross St & Frank Scott Pkwy

650 Hartman Ln

1690 New Car Dr

176 Auto CT

W Highway 50

117 Auto CT

721 West Highway 50

1730 East Hwy 50

801 W State St

Cross St & Frank Scott Pkwy

Southview Plaza

120-142 St. Ellen Mine Rd

Sunrise Center II

230 Obernuefemann Rd

1708 New Car Dr

791 Wall St

105 Auto CT

800 E Highway 50

702 West Hwy 50

Lakepointe Center

Frequently Asked Questions

O'Fallon, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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O'Fallon, IL Commercial Real Estate for Lease and Sale

Frequently Asked Questions

What are the different types of commercial real estate?

What types of commercial real estate are available in O'Fallon, IL?

What factors affect the price of commercial real estate in O'Fallon, IL?

What is the average rent for commercial space in O'Fallon, IL?

What are the best areas for commercial real estate in O'Fallon, IL?

How do I find a good commercial real estate broker?

What is the most profitable commercial real estate?

What is the average size of a commercial property in O'Fallon, IL?

O'Fallon, IL Currently Available Listings

Commercial Space for Lease Breakdown

Commercial Space for Sale Breakdown

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Popular Retail Searches

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About us