REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 149,000
Est. payment /mo
Price Dropped by $6K
13 Old Capitol Shopping Center Vandalia, IL 62471
0.42 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6258298
Year Built 1972
Annual Tax Amount $1,400
Tax Year 2024
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Office
Property Description
Exceptional investment opportunity! This 2,579 sq ft commercial property delivers strong in-place income with an approximate 13.47% 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.
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.
Location
State IL
County Fayette
Zoning COM
Interior
Heating Gas
Cooling Central Air
Appliance Electric Water Heater
Exterior
Street Surface Concrete
Total Parking Spaces 7
Building
Story 1
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type Brick
Others
Tax ID 181416406007
Special Listing Condition None
Listed by C21 Realty Concepts