2008 Vandalia St Collinsville, IL 62234
Property profile & analytics
2008 Vandalia St, Collinsville, IL 62234
- Office Spaces
- 3,430 SF
- 0.10 lot acres
Property ID
US28-2645341
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- U.S. Air Force Career Center (Recruiter) / Military Recruiting Office
- Priority Tactical / Security Service
- Monopoly Beauty Studios / Hair Salon / Nail Salon
- US Naval Recruiting / Military Recruiting Office
- Dinámica Designs Glamour Bar / Hair Salon / Nail Salon
Property Details for 2008 Vandalia St
- Year built
- 1985
- Lot size
- 0.10 lot acres
- Property type
- Office Spaces
- APN
- 13-2-21-22-12-203-013
- APU
- 132212212203013
Description
This exceptional Collinsville commercial investment opportunity presents a three-unit brick building boasting a full basement. Currently, all three units are leased, generating consistent rental income. Unit #1 commands a monthly rent of $900 on a new two-year lease, Unit #2 brings in $800 per month on a two-year lease, and Unit #3 generates $700 monthly. Starting June 1st, 2024, tenants will share utility costs, enhancing the property's profitability. A significant advantage is the inclusion of an additional 60x50 foot adjoining lot (parcel number 13-2-21-22-12-203-014) in the sale, adding considerable value and potential for future development or expansion. The building has undergone significant improvements, including a new roof and HVAC systems installed in 2018, and new gutters and landscaping completed in 2019. Furthermore, the property benefits from shared responsibility for parking lot maintenance, snow removal, and lawn care within the Office Park, minimizing ongoing expenses for the owner. This turnkey investment offers a strong return on investment with established tenants and recent upgrades, making it an attractive opportunity for discerning commercial investors. The property is priced at $220,900.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Collinsville
- County
- Madison
- State
- Illinois
- Longitude
- -89.9667
- Latitude
- 38.6968
- CBSA code
- 41180
- CBSA name
- ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$5,506
$13,420
$69,860
$83,280
-
$40,300
$209,790
$250,090
