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Corner-Lot Office Building
New
For Sale
$115,000

1518 Vandalia Street, Collinsville, IL 62234

Commercial Sale, Collinsville, IL

Property Size2,671 SF
Lot Size0.17 Acres
Price / SF$43.06
Days on Market2

Property Features for 1518 Vandalia Street

General Information

Property type Commercial Sale
Property subtype Other
Parking 20
Subdivision North Gate Sub
Directions I-70 to Collinsville exit south on State Highway 159 just past the Belt line on the left.
Standard status Active
APN 13-2-21-22-19-404-005
Lot size 0.17 Acres

Taxes and HOA fees

Tax Year 2023
Tax Description NORTH GATE SUBD PART LOT 1 76.76 X 150 IRREGULAR & SOUTH 25 FEET OF CUMBERLAND ST & WEST 7.5 FEET OF VACATED ALLEY
Tax Annual Amount 4121
Legal Description NORTH GATE SUBD PART LOT 1 76.76 X 150 IRREGULAR & SOUTH 25 FEET OF CUMBERLAND ST & WEST 7.5 FEET OF VACATED ALLEY

Utilities

Cooling system Electric, Central Air
Water source Public

Building Details

Year built 1965
Listing Agency: RE/MAX Alliance · RE/MAX International
Listed By: Allison Hansen · License #475132447
Added: Sep 9 Changed: Sep 10 Last Checked: Sep 10 at 5:06AM
MLS# 25046980

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.

Investment Insights

Based on property information with market context.

This two-level office property occupies a corner parcel at 1518 Vandalia Street and is currently configured for accounting and law practices. The main floor contains 7 private offices, while the upper floor provides 5 or 6 additional offices plus a 25' x 8' multipurpose area. A basement adds storage space for files or equipment, and parking is located behind the building.

The property fronts State Highway 159, also known as Vandalia Street, a few blocks south of the Belt Line in Collinsville. Built in 1965, the building has electric cooling with central air and is served by public water. Its existing office configuration and multiple enclosed rooms support continued professional office use.

Key Highlights

  • Corner parcel on State Highway 159 (Vandalia Street)
  • 7 private offices on the main level
  • Upper level includes 5 or 6 additional offices

Property Analytics

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Current Use

Cain & Associates Accounting Firm

Suggested Use

Top Pick Restaurant Law Firm Building Supply Real Estate Agency Dental Office Gym & Fitness Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

469
Businesses Nearby

Demographics for 62234, IL

31,843
Population
14,947
Households
2.1
Avg Household Size
40
Median Age
27%
College-Educated
92%
High-School Grad
37.3 sq mi
ZIP Area
854
Density / Sq Mi
$66,437
Median Household Income
$41,710
Median Earnings
$995
Median Rent
$162,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office building - Professional office layout with private rooms, upper-level workspace, basement storage, and rear parking.
Where is this office building located?
The property is located at 1518 Vandalia Street Collinsville, IL.
What is the asking price?
The asking price for this property is $115,000.
What are key features of this property?
This property features: Corner parcel on State Highway 159 (Vandalia Street); 7 private offices on the main level; Upper level includes 5 or 6 additional offices
More about this property
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