13 Old Capitol Shopping Center,Vandalia, IL 62471
Vandalia, IL 62471
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.
Details
| MLS # | 6258298 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 137 |
| Listing Provided By | C21 Realty Concepts | Kevin Gouchenouer |
Features
| Story(s) | 1 |
|---|---|
| Zoning | COM |
| Acreage | 0.42 |
Parking
| Parking Features | On Site |
|---|
Taxes
| Tax Annual Amount | 1400 |
|---|
Area Information
| State | IL |
|---|---|
| County | Fayette |
| City | Vandalia |
| Zip Code | 62471 |
| Listing VS Median (in 62471) | |
Price: $149,000 low | high Med: $292,000 On site: 137 low | high Med: 56 | |
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Learn More About This Property
| State | IL |
|---|---|
| County | Fayette |
| City | Vandalia |
| Zip Code | 62471 |
| Listing VS Median (in 62471) | |
Price: $149,000 low | high Med: $292,000 On site: 137 low | high Med: 56 | |