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    Property profile & analytics

    2021 Illini Ave Vandalia, IL 62471

    • Industrial properties
    • 7.55 lot acres
    For Lease
    View listing
    $3 SF/Yr
    Value Estimation
    $310,000
    Location Intelligence
    Property ID
    US28-4939497
    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.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2021 Illini Ave

    Lot size
    7.55 lot acres
    Property type
    Industrial properties
    APN
    18-14-05-451-014
    APU
    181405451014

    Description

    This exceptional 52,600 square foot industrial property in Vandalia, Illinois, presents a compelling investment opportunity. The complex comprises three buildings: a 3,360 square foot office, a 42,000 square foot manufacturing plant, and a 7,250 square foot warehouse, all situated on a 7.5-acre fenced lot with a rocked parking area. Boasting 15-17 foot ceilings, the facility features two loading docks and eight drive-in doors of varying sizes. The property benefits from robust power infrastructure, including 1,500 amp, 3-phase, 480-volt electric service. Column spacing is 25'x40' and 25'x60'. Its strategic location offers excellent highway access, being off Highway 51 and just one mile from I-70 Exit 63. This prime location provides easy access to major markets, including St. Louis (70 miles), Indianapolis (175 miles), and Chicago (242 miles). The property is zoned for light industrial use and features the APN 18-14.05-451-014. Built in 1977, this well-maintained facility is ready for immediate occupancy and presents significant potential for a variety of industrial uses. The asking price is $799,000.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $325,000

    • CAP approach

      CAP return
      Estimation
      6%
      $290,000
      6.5%
      $240,000
      7%
      $240,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $225,000
      Geo Method
      $250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $235,000
      Retail
      $280,000
      Mixed-Use
      $235,000
      Hospitality
      $210,000
      Educational
      $240,000
      Residential Income
      $220,000
      Energy
      $260,000
      Income-Based Land
      $205,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Vandalia
    County
    Fayette
    State
    Illinois
    Longitude
    -89.1091
    Latitude
    38.9851

    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
    2023
    $20,556
    $7,060
    $286,757
    $293,817
    -
    $21,180
    $860,271
    $881,451

    Comparable in this City

    • Value Estimation by Request
      15.68 Acres

      2085 Wagner St

      INDUSTRIAL (GENERAL) • 15.68 Acres
      2085 Wagner St, Vandalia, IL 62471-4005
      View Details
    • Value Estimation by Request
      7.45 Acres

      Vandalia, IL 62471

      INDUSTRIAL (GENERAL) • 7.45 Acres
      Vandalia, IL 62471
      View Details
    • Value Estimation by Request
      0.23 Acres

      Vandalia, IL 62471

      INDUSTRIAL (GENERAL) • 0.23 Acres
      Vandalia, IL 62471
      View Details
    • Value Estimation by Request

      Vandalia, IL 62471

      INDUSTRIAL (GENERAL)
      Vandalia, IL 62471
      View Details
    • Value Estimation
      $290,000
      0.06 Acres

      Vandalia, IL 62471

      INDUSTRIAL (GENERAL) • 0.06 Acres
      Vandalia, IL 62471
      View Details
    • Value Estimation by Request
      8.69 Acres

      Vandalia, IL 62471

      INDUSTRIAL (GENERAL) • 8.69 Acres
      Vandalia, IL 62471
      View Details

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    2021 Illini Ave
    Vandalia, IL 62471
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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