2010 Vandalia St - Office FOR SALE


Collinsville, IL 62234
$280,000 USD
2010 Vandalia St, Collinsville, IL for Sale
$280,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

2010 Vandalia St
Collinsville, IL 62234


HIGHLIGHTS

  • Income-producing all-brick office building located on a high-traffic corridor in Collinsville, IL.
  • Established single tenant generating $12,000/year, with tenant paying all utilities.
  • Lease in place through October 1, 2026, providing immediate cash flow and a clear repositioning timeline.
  • 10 total office spaces configured for efficient operations and flexible re-use.
  • Six dedicated parking spaces for tenant and visitor use.
  • Zoned HVAC system reduces operational risk and simplifies phased tenant transitions.

OVERVIEW

Income-producing, all-brick office building located on a highly traveled corridor in Collinsville, IL. Established single tenant, currently generating a dependable $12,000 per year at existing rental rates with the tenant responsible for all utilities. The existing lease runs through October 1, 2026, offering immediate cash flow and a clear timeline for re-leasing or repositioning. This well-maintained property contains a total of 10 office spaces arranged for efficient daily operations and flexible reconfiguration. The main floor features five offices, 3 private offices and 2 open workspaces, along with a reception area and 2 restrooms. The upper level provides five additional offices, a restroom, and utility room housing, a furnace and a second circuit breaker panel. The finished basement delivers a communal area, a kitchenette with sink, a fourth restroom, and a utility closet with the second furnace and an additional circuit breaker panel. Six dedicated parking spaces serve tenants and visitors. The building, equipped with zoned HVAC thereby reducing single-point operational risk and simplifying phased tenant transitions. The property, zoned for commercial use suited to professional office tenants and service providers. This asset presents a straightforward, income-generating opportunity with near-term upside. The October 2026 lease expiration gives an investor flexibility to renegotiate, convert to a multi-tenant structure, or pursue owner-occupancy. Visible frontage on a high-traffic corridor and the adaptable interior layout make the building attractive to medical, legal, financial, and small professional service tenants seeking convenient access and signage exposure.

FOR SALE DETAILS

PRICE

$280,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY NAME

Building I

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

Commercial B-4

APN/PARCEL ID

13-2-21-22-12-203-012

ASK ABOUT THIS PROPERTY

Adam JokischRE/MAX All Star AdvantageMore Info

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Adam JokischRE/MAX All Star AdvantageMore Info

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