13 Old Capitol Shopping Ctr - Storefront Retail/Office CONDO FOR SALE


Vandalia, IL 62471
$175,500 USD
704-987-0000
13 Old Capitol Shopping Ctr, Vandalia, IL for Sale
$175,500 USD
Storefront Retail/Office CONDO - FOR SALE
1/2
null | 11% Cap Rate

13 Old Capitol Shopping Ctr
Vandalia, IL 62471


HIGHLIGHTS

  • Long-term DMV tenancy with 50+ years of occupancy.
  • 11% cap rate with potential to reach 14%+ via lease-up.
  • Vacant bank space includes drive-thru canopy.
  • Located in Opportunity Zone with TIF & Enterprise Zone benefits.
  • High visibility at signalized intersection with 16,000± VPD.
  • Surrounded by national retailers and strong local amenities.

OVERVIEW

Positioned at a signalized intersection in Vandalia’s Old Capitol Shopping Center, this investment property offers a rare blend of stability and upside. Anchored by the Illinois DMV, which has operated at this location for over 50 years, the site delivers immediate income with a 11% cap rate and potential to reach 14% + through lease-up of the adjacent vacant bank space. The bank building includes a 659 SF interior and a 2,238 SF drive-thru canopy, ideal for financial services, quick-service retail, or medical use.

FOR SALE DETAILS

PRICE

$175,500 USD

PRICE/SF

$69 USD /SF

CAP RATE

11%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

2,540 SF

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.41 AC

LAND SF

18,000 SF

ZONING

C

APN/PARCEL ID

18-14-16-406-003

ASK ABOUT THIS PROPERTY

Brad BowmanFirst Federal Properties, Inc.More Info
704-987-0000

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Brad BowmanFirst Federal Properties, Inc.More Info
704-987-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.