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Property profile & analytics
OFF-MARKET
Office Spaces

1011 8th St Vandalia, IL 62471-1238

0.27 ac lot
Entity Owned Absentee Owner Free & Clear
Property ID
US28-4763938
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Lot 0.27 ac (11,700 SF)
APN 18-14-09-352-011
UPID US28-4763938
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
R M JOHNSON ENTERPRISES LLC
R M JOHNSON ENTERPRISES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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