Bank Building with
For Sale
$149,000
13 Old Capitol Shopping Center, Vandalia, IL 62471
Single building with drive-thru canopy and in-place income from a long-term DMV tenant; includes vacant former bank space.
Property Size2,579 SF
Price / SF$57.77
Days on Market120
Property Features for 13 Old Capitol Shopping Center
General Information
Standard status
Active
Size
2,579 SF
Total Parking Spaces
7
Property subtype
Commercial
Zoning
COM
Financials
Cap Rate
13.47%
Opportunity Zone
Yes
Additional Details
Traffic Count
16,000 vehicles/day
Taxes and HOA fees
Annual Taxes
$1,400
Building Details
Year Built
1972
Stories
1
Listing Agency:
C21 Realty Concepts
(217) 342-6080
Listed By:
Kevin Gouchenouer
Source:
Shelbyrealty
Added: Apr 27
Changed: Aug 23
Last Checked: Aug 22 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of C21 Realty Concepts
Investment Insights
Based on property information with market context.
This 2,579 sq ft commercial property is offered for sale with in-place income supported by a long-term DMV tenant with more than 50 years of continuous occupancy. The property also includes a vacant former bank space featuring a drive-thru canopy, creating an opportunity for additional income or owner-user use. The offering is described as an approximately 13.47% cap rate, with upside projected through lease-up to reach 16.7%+.
The site is positioned at a high-visibility signalized intersection with approximately 16,000 +/- vehicles per day and visibility benefits from the traffic flow. The property is located within an Opportunity Zone and is supported by TIF and Enterprise Zone incentives, according to the provided remarks.
The site is positioned at a high-visibility signalized intersection with approximately 16,000 +/- vehicles per day and visibility benefits from the traffic flow. The property is located within an Opportunity Zone and is supported by TIF and Enterprise Zone incentives, according to the provided remarks.
Key Highlights
- 2,579 SF commercial property with in‑place income and an approximate 13.47% cap rate
- Anchored by a long‑term DMV tenant with over 50 years of continuous occupancy
- Vacant former bank space includes a drive‑thru canopy for additional income or owner‑user use
Property Analytics
Property Profile
Current Use
Lease Details
16,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
Explore this area
Business Placement
Demographics for 62471, IL
10,530
Population
4,025
Households
2.6
Avg Household Size
40
Median Age
20%
College-Educated
88%
High-School Grad
128.2 sq mi
ZIP Area
82
Density / Sq Mi
$58,810
Median Household Income
$33,286
Median Earnings
$739
Median Rent
$119,800
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Single building with drive-thru canopy and in-place income from a long-term DMV tenant; includes vacant former bank space.
Where is this office units located?
The property is located at 13 Old Capitol Shopping Center Vandalia, IL.
What is the asking price?
The asking price for this property is $149,000.
What are key features of this property?
This property features: 2,579 SF commercial property with in‑place income and an approximate 13.47% cap rate; Anchored by a long‑term DMV tenant with over 50 years of continuous occupancy; Vacant former bank space includes a drive‑thru canopy for additional income or owner‑user use
