Bank Building with
13 Old Capitol Shopping Ctr Vandalia, IL
13 Old Capitol Shopping Ctr, Vandalia, IL, 00000
$149,000
For Sale
$149,000
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 Market86
Property Features for 13 Old Capitol Shopping Ctr
General Information
- Standard status
- Active
- Size
- 2,579 SF
Listing agency
C21 Realty Concepts
(217) 821-7131
Listed by
Kevin Gouchenouer
(217) 821-7131
Source
Exprealty
Added: Apr 28 Updated: Jul 21 at 3:51AM Checked: Jul 21 at 3:51AM
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
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
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 Ctr 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
