Self-Storage Facility
Discount Storage
1091 E 1st St, O'Fallon, IL 62269
Listing Price: $10,000,000
Investment Overview
Marcus and Millichap is honored to present for sale Discount Storage in O’Fallon, Illinois. This facility consists of 691 non-climate-controlled units, 401 climate 83 inside and outdoor vehicle storage and 28 contractor units for a total of 1203 units within 151,635 rentable square on approximately 10.41 acres in nearby proximity to both commercial and residential communities in O’Fallon, Illinois, one of the fastest growing regions of the state in St. Clair County and part of the St. Louis Metropolitan Area.
Discount Storage in O’Fallon, Illinois is well-positioned on the north side of O’Fallon, approximately 1 mile north of US Interstate 40/64. The storage facility amenities include metal interior walls, 24 Unify Protect cameras, perimeter chain fencing and controlled access entry Elite S 3000 gate. The gravel lot was last resurfaced August 2024. Discount Storage sits in a strong economic growth market with over 34,813 people living within three miles and over 75,784 living within five miles of the facility. As of January 2025, Discount Storage was 92 percent physically occupied.
Located approximately 16 miles east of downtown St. Louis, O’Fallon, Illinois is the second largest city in the St. Louis Metro East. O’Fallon, Illinois continues to enjoy steady growth with strong population and average income growth metrics. O’Fallon, Illinois appreciated 13.20 percent population growth since the 2010 census. The average household income in a 5-mile radius is $81,833 versus $68,480 average national household income.
Major industries in the area include military, healthcare, and education. Scott Air Force base, an active military base since 1917, is the largest employer in the area and employs over 13,000 between civilian and active-duty personnel. Additional employers include St. Elizabeth’s Hospital and historic McKendree University.
Investment Highlights
- Below Market Rents I 92 Percent Physically Occupied
- Total of 151,635 Net Rentable Square Feet Over 10.41 Acres in St. Louis MSA
- In-Place Cap Rate 7.46 Percent I Pro-Forma Cap Rate 9.32 Percent
- $10 Monthly Increase on Most Existing and Street Rate Units Effective April 1, 2025
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager
Listing Price: $10,000,000
Investment Highlights
- Below Market Rents I 92 Percent Physically Occupied
- Total of 151,635 Net Rentable Square Feet Over 10.41 Acres in St. Louis MSA
- In-Place Cap Rate 7.46 Percent I Pro-Forma Cap Rate 9.32 Percent
- $10 Monthly Increase on Most Existing and Street Rate Units Effective April 1, 2025
Investment Overview
Marcus and Millichap is honored to present for sale Discount Storage in O’Fallon, Illinois. This facility consists of 691 non-climate-controlled units, 401 climate 83 inside and outdoor vehicle storage and 28 contractor units for a total of 1203 units within 151,635 rentable square on approximately 10.41 acres in nearby proximity to both commercial and residential communities in O’Fallon, Illinois, one of the fastest growing regions of the state in St. Clair County and part of the St. Louis Metropolitan Area. Discount Storage in O’Fallon, Illinois is well-positioned on the north side of O’Fallon, approximately 1 mile north of US Interstate 40/64. The storage facility amenities include metal interior walls, 24 Unify Protect cameras, perimeter chain fencing and controlled access entry Elite S 3000 gate. The gravel lot was last resurfaced August 2024. Discount Storage sits in a strong economic growth market with over 34,813 people living within three miles and over 75,784 living within five miles of the facility. As of January 2025, Discount Storage was 92 percent physically occupied. Located approximately 16 miles east of downtown St. Louis, O’Fallon, Illinois is the second largest city in the St. Louis Metro East. O’Fallon, Illinois continues to enjoy steady growth with strong population and average income growth metrics. O’Fallon, Illinois appreciated 13.20 percent population growth since the 2010 census. The average household income in a 5-mile radius is $81,833 versus $68,480 average national household income. Major industries in the area include military, healthcare, and education. Scott Air Force base, an active military base since 1917, is the largest employer in the area and employs over 13,000 between civilian and active-duty personnel. Additional employers include St. Elizabeth’s Hospital and historic McKendree University.
Exclusively Listed By
Broker of Record
-
Steven D. Weinstock
Senior Vice President/Regional Manager

