410 Sunset Dr Vandalia, IL 62471
- Commercial real estate
- 1.57 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 410 Sunset Dr
- Lot size
- 1.57 lot acres
- Property type
- Commercial real estate
- APN
- 18-14-17-132-018
- APU
- 181417132018
Description
This exceptional 9,127-square-foot commercial building, situated on a spacious 1.57-acre lot in Vandalia, Illinois, presents a remarkable investment opportunity. Constructed in 1997 and successfully operated until 2024, the property boasts a wealth of features ideal for a variety of uses. Currently configured with 21 private rooms, it's perfectly suited for senior living, including memory care, assisted living, or independent living arrangements. The facility also includes a fully equipped commercial kitchen and dedicated laundry facilities, ensuring convenience and functionality. Modern updates include a recently installed roof and updated rooms, contributing to the property's overall excellent condition. The well-maintained infrastructure is complemented by a large concrete parking lot and beautifully landscaped grounds, featuring a gazebo. The property's versatility extends beyond senior housing, with potential for multi-family housing development, group homes, daycare centers, or educational facilities. Its prime location within a serene residential neighborhood offers both accessibility and a peaceful environment. This turnkey facility represents an exceptional value for developers and investors seeking a well-maintained property with significant repurposing potential to meet diverse community needs. The property's size, amenities, and location combine to create a compelling investment opportunity with strong potential for future growth and profitability.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $325,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $405,000
- 6.5%
- $380,000
- 7%
- $360,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $370,000
- Geo Method
- $420,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $480,000
- Retail
- $475,000
- Mixed-Use
- $430,000
- Hospitality
- $350,000
- Educational
- $375,000
- Residential Income
- $480,000
- Energy
- $360,000
- Income-Based Land
- $390,000
- Food Service
- $485,000
Location Insight
- Map
- Local Demand
- City
- Vandalia
- County
- Fayette
- State
- Illinois
- Longitude
- -89.1151
- Latitude
- 38.9652