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    2229 Vandalia St Collinsville, IL 62234

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    For Sale
    $575,000

    8,400 SF remodeled retail facility for sale on IL-159.

    Property size:
    8,400 SF
    Lot size:
    0.47 Acres

    Property Features for 2229 Vandalia St

    General Information

    Size
    8,400 SF
    Lot size
    0.47 Acres

    Source: BARBERMurphy Agent Anthony Smallmon

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled Retail Facility on IL-159

    This 8,400 square foot facility is available for sale. The steel building features reinforced steel flooring. Remodeled in 2023, the property includes three private offices with glass walls, male and female bathrooms, and a kitchenette. A large, open production area is present, featuring an 8x9 roll-up garage door. The property has a new survey, HVAC system, and LED lighting. Zoning is by Madison County. The lower level comprises 4,200 square feet and is accessible via exterior double doors. The property is located on Illinois Route 159, approximately one-half mile from the interchange of I-55 and IL 159 (exit 15).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    HatLaunch (LidLaunch) Hat Shop HatLaunch Hat Shop

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.963728
    Latitude
    38.700332

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    FAQs

    What type of property is this?
    Retail space - 8,400 SF remodeled retail facility for sale on IL-159.
    Where is this retail space located?
    The property is located at 2229 Vandalia St Collinsville, IL.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Remodeled in 2023 with **new HVAC system and LED lighting.**; - **8,400 SF facility with reinforced steel flooring.**; - Located on IL Route 159 and 1/2 mile from I-55 interchange.
    (618) 277-4400
    Request Owner's contact information
    2229 Vandalia St Collinsville, IL 62234
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    Collinsville, IL 62234
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    Realmo Value Estimation

    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.

    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.

    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
    2229 Vandalia St Collinsville, IL 62234
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