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    2008 Vandalia St Collinsville, IL 62234

    For Sale
    $220,900

    Brick building with full basement, great commercial investment opportunity.

    Property size:
    3,600 SF
    Lot size:
    1.11 Acres

    Property Features for 2008 Vandalia St

    General Information

    Size
    3,600 SF
    Lot size
    1.11 Acres

    Source: Hartmann Realtors, Inc. Agent Jeff Moss

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

    Overview

    Collinsville Commercial Investment Opportunity

    This commercial investment opportunity is a brick building with a full basement located in Collinsville. The property includes an additional 56x72 adjoining lot. Unit #1 and #2 are currently rented at $1600 but will be vacated Sept 30th, and could be rented separately for more. Unit #3 is rented at $700 on a month-to-month basis. New roof and HVAC systems were installed in 2018, with new gutters and landscaping in 2019. The property size is 3600 square feet. Parking lot maintenance, snow removal, and lawn care expenses are shared by the Office Park.
    Insight Report Location Intelligence

    Current Use by Public Records

    U.S. Air Force ... Military Recruiting Office Priority Tactical Security Service Monopoly Beauty Studios Beauty Salon US Naval Recruiting Military Recruiting Office Dinámica Designs Glamour ... Beauty Salon

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Collinsville
    County
    Madison
    State
    Illinois
    Longitude
    -89.967489
    Latitude
    38.696662

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      Remodeled Office Space on Highway

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      Triplex Investment Opportunity

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    FAQs

    What type of property is this?
    Office building - Brick building with full basement, great commercial investment opportunity.
    Where is this office building located?
    The property is located at 2008 Vandalia St Collinsville, IL.
    What is the asking price?
    The asking price for this property is $220,900.
    What are key features of this property?
    This property features: - Units #1 and #2 available for higher rental income potential after September 30th.; - Includes an additional **56x72 adjoining lot.**; - **New Roof and HVAC systems installed in 2018.**
    (618) 344-7900
    Request Owner's contact information
    2008 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
    2008 Vandalia St Collinsville, IL 62234
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