410 Sunset Dr, Vandalia, IL 62471-4111
This exceptional 9,127-square-foot commercial building, situated on a spacious 1.57-acre lot in Vandalia, Illinois, presents a remarkable investment opportunity. Constructed in 1997 and successfully operated until 2024, the property boasts a wealth of features ideal for a variety of uses. Currently configured with 21 private rooms, it's perfectly suited for senior living, including memory care, assisted living, or independent living arrangements. The facility also includes a fully equipped commercial kitchen and dedicated laundry facilities, ensuring convenience and functionality. Modern updates include a recently installed roof and updated rooms, contributing to the property's overall excellent condition. The well-maintained infrastructure is complemented by a large concrete parking lot and beautifully landscaped grounds, featuring a gazebo. The property's versatility extends beyond senior housing, with potential for multi-family housing development, group homes, daycare centers, or educational facilities. Its prime location within a serene residential neighborhood offers both accessibility and a peaceful environment. This turnkey facility represents an exceptional value for developers and investors seeking a well-maintained property with significant repurposing potential to meet diverse community needs. The property's size, amenities, and location combine to create a compelling investment opportunity with strong potential for future growth and profitability.
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.