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$155,000 USD
13 Old Capitol Shopping Center
Vandalia, Illinois 62471
USA
Vandalia, Illinois 62471
USA
239.589 m2 ::
2,579 sqft
Commercial for Sale, Office Building
Land size: 0.17 ha ::
0.42 acres
Sale price per sqm: 646.92
Remarks:
Exceptional investment opportunity! This 2,579 sq ft commercial property delivers strong in-place income with an approximate 12.45% cap rate, with upside potential to reach 16.7%+ through lease-up of the vacant space. Anchored by a long-term DMV tenant with over 50 years of continuous occupancy, the property offers stability and proven tenancy. The vacant former bank space features a drive-thru canopy, presenting an excellent opportunity for additional income or owner-user flexibility. Positioned at a high-visibility signalized intersection with approximately 16,000± vehicles per day, the site benefits from strong traffic counts and exposure. Located within an Opportunity Zone and supported by TIF and Enterprise Zone incentives, this property offers compelling financial advantages. Surrounded by national retailers and established local amenities, this is a rare chance to acquire a high-yield asset with both immediate returns and significant value-add potential.
Features:
- Year Built: 1972
- Building age: Over 50 years old
- Property type: Office Building
- Construction: Brick
- Utilities: City water, City sewer
- Cooling System: Central AC
Location:
13 Old Capitol Shopping Center, Vandalia, Illinois 62471, USA
Listed By CENTURY 21 Realty Concepts
The Commercial for Sale, Office Building located at 13 Old Capitol Shopping Center, Vandalia, Illinois 62471, USA is currently for sale. 13 Old Capitol Shopping Center, Vandalia, Illinois 62471, USA is listed for $155,000 USD. This property has 2,579 sqft. If the property located at 13 Old Capitol Shopping Center, Vandalia, Illinois 62471, USA isn't what you're looking for, search Illinois Real Estate to see other Commercial For Sale in Vandalia.
