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    Vandalia, IL
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    Vandalia, IL Multifamily Properties for Sale

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    Mulberry Grove, IL Vernon, IL Ramsey, IL
    Three-Story Mixed-Use Building
    Updated: Mar 19
    Three-Story Mixed-Use Building

    612 W Gallatin Street, Vandalia, IL 62471

    $800,000
    20,700 sqft · 0.53 AC lot
    1924 three‑story downtown building with approx. 20,000+ sq ft total and about 6,900 sq ft per floor
    Building previously operated as a motel and later as efficiency apartments before a fire
    Elevator provides access from the basement through the 3rd floor; two sets of stairs serve all 4 levels
    Brick construction with forced‑air heating and wall unit(s) cooling
    Concrete floor system with pour thickness noted: 1st floor 19", 2nd floor 15", 3rd floor 11"
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Vandalia, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Ranch Duplex with Attached Garage
    Ranch Duplex with Attached Garage

    920 E Beaumont Avenue, Greenville, IL 62246

    $349,900
    2,069 sqft · 0.72 AC lot

    Two separate units under one roof offer remodeled rental flexibility plus a screened porch and 3-car attached garage.

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    Multi-Family Investment Property
    Multi-Family Investment Property

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft · 0.26 AC lot

    Seven rented one-bedroom units offer immediate income with recent roof replacement and partial renovation.

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    Greenville Mixed-Use Investment Opportunity
    Greenville Mixed-Use Investment Opportunity

    118 W Main Street, Greenville, IL 62246

    $319,000
    2 sqft

    Retail space and four apartments in downtown Greenville, Illinois.

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    Rented Multifamily with New Roof
    Rented Multifamily with New Roof

    300 E 2nd Street, Pana, IL 62557

    $179,000
    2,116 sqft

    Seven one-bedroom, one-bath units are currently rented, with a roof replacement completed in 2024.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Development Parcel
    Commercial Land Development Parcel

    17039 Hillside Lane, Jerseyville, IL 62052

    $70,000
    2.10 AC lot

    Roughly two acres off Route 67 with utilities in place and an existing concrete pad for flexible development uses.

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    Recreational Land Near Lake Perry
    Recreational Land Near Lake Perry

    1003 Port Perry Drive, Perryville, MO 63775

    $90,000
    22,215 sqft

    Half-acre recreational lot with utilities near Lake Perry amenities.

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    Residential Lot in Park Hills
    Residential Lot in Park Hills

    226 N Large Street, Park Hills, MO 63601

    Contact for pricing
    0.26 AC lot

    Corner lot suitable for building or mobile home placement.

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    Ozark Land with Creek Frontage
    Ozark Land with Creek Frontage

    Madsion CR 410 (116), Fredericktown, MO 63645

    $34,995
    1.65 AC lot

    1.65+/- acre property with Twelve Mile Creek frontage.

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    Vandalia, IL Multifamily Properties Market Trends and Statistics

    Explore 1 multifamily properties for sale in Vandalia, IL on our real estate platform. These investment opportunities span a total of 20,700 square feet of properties for sale, with an estimated market value of $800,000.

    Sale prices for multifamily properties in Vandalia, IL start at $800,000, averaging $800,000, and reaching up to $800,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 1

    Demographics Overview

    Population 10K
    Population Growth (5Y) -0.5%
    Median Household Income $58,810
    College Educated 26.9%

    High-Yield Neighborhoods for Investment

    Identify Vandalia submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62471 $800K

    Taxes & Financing

    Tax Rate (average for all types) 8.24%
    Tax Rate vs County Average 1.02 pp above county avg
    Average Loan-to-Value 65.0%

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