Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1011 N 8Th St Vandalia, IL 62471

    View on Map
    Sponsored
    For Sale
    $150,000

    Commercial Sale - Vandalia, IL

    Lot size:
    0.27 Acres
    Days on Market:
    75
    Last Refresh:
    Mar 15 at 5:06 am

    Property Features for 1011 N 8Th St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    18-14-09-352-011
    Lot size
    0.27 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1970
    Flooring type
    Vinyl
    Building materials
    Brick, Vinyl Siding
    Architectural style
    Other

    We can help!

    Listing Contact
    Kristine Nalley

    Fayette County Real Estate (618) 283-1776

    Listing agent Kristine Nalley (618) 283-1776 License #471018899

    Listing date Dec 30, 2025

    MLS# 25071661 Listing URL

    Copyright © 2026 Mid America Regional Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Vandalia Commercial Space For Sale

    This versatile commercial building features an open floor plan, new vinyl plank flooring, and a renovated bathroom. The property is situated in a high-traffic area and is surrounded by established professional businesses. The main area measures 52 feet by 28 feet and includes a counter and sink. A private office provides an enclosed space of 11 feet by 10 feet. The restroom is 7 feet by 7 feet and has been newly updated. The property is suited for offices, retail, or service-based enterprises. Located in Vandalia, IL, the property benefits from excellent visibility, modern updates, and flexible use potential. The lot size is 0.2686 acres. The building is located at 1011 N 8th Street, Vandalia, IL 62471, in Fayette County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vandalia
    County
    Fayette
    State
    Illinois
    Longitude
    -89.100594
    Latitude
    38.971276

    Nearby Similar for Sale

    • $900,000
      20,700 SF

      Three-Story Building in Downtown Vandalia

      20,000+ sq ft building with development potential.
      612 W Gallatin St, Vandalia, IL 62471
      View Details
    • $125,000
      0.40 Acres

      Vandalia Investment Opportunity

      Corner lot property with office and apartment income potential.
      1210 N 8Th St, Vandalia, IL 62471
      View Details
    • Contact for pricing
      Pending

      Vandalia, IL - Investor Special

      Triplex in poor condition, ideal for renovation and rental income.
      329 W Randolph St, Vandalia, IL 62471
      View Details
    • $425,000
      19,700 SF

      Old Capitol Mall: Vandalia, IL

      19,700 SF Shopping Center; Value-Add Opportunity
      25 Old Capitol Shopping Ctr, Vandalia, IL 62471
      View Details
    • $400,000
      9,127 SF

      Vandalia Commercial Building - Great Potential

      9,127 sq ft, 1.57 acres, turnkey facility
      410 Sunset Dr, Vandalia, IL 62471
      View Details
    • Contact for pricing
      52,600 SF

      Vandalia Manufacturing Plant for Lease

      52,600 SF manufacturing plant on 7.5 acres available for lease.
      2021 Illini Ave, Vandalia, IL 62471
      View Details
    • $475,000
      7,500 SF

      Vandalia Warehouse - $475,000

      7,500 SF Light Industrial Warehouse
      2050 Wagner St, Vandalia, IL 62471
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial building in high-traffic area, suitable for various businesses.
    Where is this retail space located?
    The property is located at 1011 N 8Th St Vandalia, IL.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: - High-traffic location surrounded by established businesses.; - **Versatile, completely open 52’ x 28’ floor plan** suitable for various business types.; - Newly renovated bathroom.
    (618) 223-0736
    Request Owner's contact information
    1011 N 8Th St Vandalia, IL 62471
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1011 N 8Th St
    Vandalia, IL 62471
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1011 N 8Th St Vandalia, IL 62471
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristine Nalley
    Real Estate License ID: 471018899
    (618) 223-0736 (618) 283-1776
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!