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    Vandalia, IL
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    Vandalia, IL Apartment Buildings for Sale

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    Mulberry Grove, IL Vernon, IL Ramsey, IL
    Three-Story Mixed-Use Building
    Updated: Mar 19
    Three-Story Mixed-Use Building

    612 W Gallatin Street, Vandalia, IL 62471

    $800,000
    20,700 sqft · 0.53 AC lot
    1924 three‑story downtown building with approx. 20,000+ sq ft total and about 6,900 sq ft per floor
    Building previously operated as a motel and later as efficiency apartments before a fire
    Elevator provides access from the basement through the 3rd floor; two sets of stairs serve all 4 levels
    Brick construction with forced‑air heating and wall unit(s) cooling
    Concrete floor system with pour thickness noted: 1st floor 19", 2nd floor 15", 3rd floor 11"
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Vandalia, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Multi-Family Investment Property
    Multi-Family Investment Property

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft · 0.26 AC lot

    Seven rented one-bedroom units offer immediate income with recent roof replacement and partial renovation.

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    Mid-Rise Apartment Community
    Mid-Rise Apartment Community

    1010 Enclave Boulevard, Edwardsville, IL 62025

    Contact for pricing
    118,944 sqft

    Mid-rise multifamily community with ample parking, green space, and on-site management, currently operating at 91.5% occupancy.

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    Rented Multifamily with New Roof
    Rented Multifamily with New Roof

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft

    Seven one-bedroom, one-bath units are currently rented, with a roof replacement completed in 2024.

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    Mid-Rise Apartment Community
    Mid-Rise Apartment Community

    1010 Enclave Blvd., Edwardsville, IL 62025

    Contact for pricing
    118,944 sqft

    Mid-rise multifamily property with ample parking, green space, and on-site management and maintenance.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Prime Development Land, Springfield MO
    Prime Development Land, Springfield MO

    N West Bypass, Springfield, MO 65802

    $2,850,000
    29.20 AC lot

    29.2 acres of retail-zoned land for mixed-use development.

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    Asheville Development Opportunity: 5.94 Acres
    Asheville Development Opportunity: 5.94 Acres

    215 N Bear Creek Road, Asheville, NC 28806

    $2,500,000
    5.94 AC lot

    5.94-acre parcel zoned RM6, ideal for multi-family development.

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    Greenville Development Opportunity: 1.33 Acres
    Greenville Development Opportunity: 1.33 Acres

    71 Salters Road, Greenville, SC 29607

    $699,900
    1.33 AC lot

    1.33 acre parcel suitable for multi-family development near downtown.

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    Norman Land For Luxury Condos
    Norman Land For Luxury Condos

    801 NW 36th Avenue, Norman, OK 73072

    $285,000
    0.74 AC lot

    Prime Norman land suitable for luxury condos development.

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    Vandalia, IL Apartment Buildings Market Trends and Statistics

    Explore 1 apartment buildings for sale in Vandalia, IL on our real estate platform. These investment opportunities span a total of 20,700 square feet of properties for sale, with an estimated market value of $800,000.

    Sale prices for two-family homes in Vandalia, IL start at $800,000, averaging $800,000, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 10K
    Population Growth (5Y) -0.5%
    Median Household Income $58,810
    College Educated 26.9%

    High-Yield Neighborhoods for Investment

    Identify Vandalia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62471 $800K

    Taxes & Financing

    Tax Rate (average for all types) 8.24%
    Tax Rate vs County Average 1.02 pp above county avg
    Average Loan-to-Value 65.0%

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