2050 Wagner St Vandalia, IL 62471
- Commercial real estate
- 4.20 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 2050 Wagner St
- Lot size
- 4.20 lot acres
- Property type
- Commercial real estate
- APN
- 18-14-04-351-012
- APU
- 181404351012
Description
This 7,500-square-foot light industrial warehouse, situated on a 4.2-acre lot in Vandalia, Illinois, presents a compelling investment opportunity. Built in 2007, the property boasts a 14-foot ceiling height and a clear span design, maximizing usable space. The warehouse features a 12' x 14' drive-in door, enhancing accessibility for loading and unloading. Essential infrastructure includes a trench drain and oil separator. The property benefits from ample parking with 20 spaces available. The building is equipped with LED lighting and a 240 AMP, 3-phase, 440-volt electrical service. The concrete floor is 6 inches thick. The property is zoned for light industrial use and enjoys a convenient location off Highway 51, just 2.5 miles from I-70, Exit 63. This strategic position offers easy access to major transportation routes, placing it within 70 miles of St. Louis, Missouri
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $270,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $280,000
- 6.5%
- $330,000
- 7%
- $330,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $265,000
- Geo Method
- $340,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $280,000
- Retail
- $350,000
- Mixed-Use
- $270,000
- Hospitality
- $335,000
- Educational
- $295,000
- Residential Income
- $310,000
- Energy
- $260,000
- Income-Based Land
- $305,000
- Food Service
- $270,000
Location Insight
- Map
- Local Demand
- City
- Vandalia
- County
- Fayette
- State
- Illinois
- Longitude
- -89.1023
- Latitude
- 38.9865
