1011 8th St Vandalia, IL 62471-1238
This exceptional 1,600 square foot office space, located at 1011 N 8th St in Vandalia, presents a unique opportunity for medical or executive professionals. The single-story building, situated on a 0.27-acre lot, boasts a recently renovated interior (2023) and exterior, including a brand-new concrete parking lot. The property features a 12-foot ceiling height, providing a spacious and airy atmosphere. The interior layout includes one private office and one restroom, perfectly suited for a small practice or executive suite. The building was originally constructed in 1970, but extensive recent upgrades include updated flooring and carpeting, as well as a completely modernized HVAC system. The property is zoned for medical use, making it ideal for a variety of healthcare-related businesses. The entire 1,600 square feet is currently vacant, offering immediate occupancy for a new tenant. The property's APN is 18-14-09-352-011. This turnkey solution combines the charm of an established location with the convenience of modern amenities, making it an attractive option for businesses seeking a move-in ready space. The property's multiple tenancy designation allows for flexibility in lease terms.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.