Vandalia IL Commercial for Sale
$194,820
120 S 6th St Vandalia, IL 62471
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.2 Acres
- Year built:
- 1928
- Baths:
- MLS#:
- 12189645
View additional info
Courtesy: Shelby Realty Services
855-215-3400
ADDITIONAL INFORMATION
PRIME TURN-KEY BUSINESS OPPORTUNITY The possibilities are endless with this commercial property located in Vandalia, IL! The building was most currently being used as a restaurant/bar. (Formerly operated as 6th St Pub) Located just off the very busy Gallatin St in Downtown Vandalia and within minutes of Interstate 70 and routes 51 and 185. With this unique location the property can offer a variety of different uses including a commercial redevelopment opportunity or that dream of opening your own Bar/Restaurant. ALL kitchen and bar equipment will be included. In addition, the property also has TWO parcels included in the sale for ample parking and outdoor entertainment. TIF funding possibly available to aid in the acquisition/ renovations desired. Call today to see this new listing with lots of potential!
$950,000
1631 N 8th Street Vandalia, IL 62471
- Type:
- Other
- Sq.Ft.:
- 21,018
- Status:
- Active
- Beds:
- n/a
- Year built:
- 2002
- Baths:
- MLS#:
- 12184806
View additional info
Courtesy: MR. LANDMAN
217-202-0924
ADDITIONAL INFORMATION
The Vandalia Retail Portfolio consists of three facilities located in Vandalia, IL, approximately 70 miles northeast of St. Louis, MO. All three properties have direct frontage along I-70, which sees a traffic count of 22,600 vehicles per day. In addition to their proximity to I70, the facilities also benefit from close proximity and visibility from Veterans Avenue/Hwy 40, which experiences 6,850 vehicles per day. Veterans Avenue serves as the main road through Vandalia, with adjacent businesses including McDonald's, Wendy's, Sonic, Arby's, Pizza Hut, Burger King, and Rural King. The elementary and junior high schools are located on the south side of Veterans Avenue, and the high school is just one block further south. The facility at 1631 N. Eighth Street is the largest of the three properties in the portfolio and is the closest to the I-70 exit. Currently set up for two tenants, this 9,408 sq ft building, constructed in 2002, can easily be reconfigured to accommodate up to four tenants, offering flexibility for new ownership in attracting occupants. Over $50,000 in capital expenditures have been invested in recent years, including a new roof. The main tenant, Sarah Bush Lincoln Hospital, occupies 3/4 of the building. While they are expected to remain for the next 1-2 years, they may relocate to a new, consolidated office they are constructing. The other tenant, a Mexican restaurant, is reportedly thriving in this location. With its adaptable layout and proximity to Vandalia's primary retail area, this facility is well-positioned to attract new tenants once Sarah Bush Lincoln vacates. Additionally, restructuring the building could potentially command higher rental rates per square foot compared to current levels. 1631 N. Eighth Street is located just 1/3 of a mile east of the other two facilities in the portfolio. This close proximity further enhances the strategic value of the properties within the portfolio. 1401 Veterans Avenue features two income-producing facilities on the same PIN (1.56 acres). Both tenants are long-term renters paying significantly below current market rates, reflecting the owner's intention to reward them for their loyalty. Buyers should view this as a value-add opportunity for the first year after acquiring the portfolio. Additionally, the far northern portion of this facility was formerly railroad property and presents an opportunity for development. It could be transformed into a mini storage building, potentially extending approximately 350 feet in length. The easternmost building at 1401 Veterans Avenue was constructed in 1998. The tenant, Heartland Ag, has been in the 5,940 square foot pole barn building since its completion, marking 26 years of occupancy. The building features a loading dock on the northwest side. The westernmost building at 1401 Veterans Avenue was built in 1975. The 5,670 square foot pole barn building has been rented by Sisters' Consignment Shop for the past 22 years. There are four additional adjacent lots that have been surveyed out and are available for purchase.
- Type:
- General Commercial
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.64 Acres
- Year built:
- 1941
- Baths:
- MLS#:
- 24062699
View additional info
Courtesy: RE/MAX Alliance
283-4436
ADDITIONAL INFORMATION
Available now is one of the most charming churches in Fayette County. Very well built and all brick, this building has so much to offer. The original church was built in 1941 with the addition added on the front entrance area in 1995. The main level of the church has a little over 3,500 sq ft with a finished area in the basement for classrooms and offices of just over 2,800 sq ft. Also included is a fellowship hall that was built in 1959 with just over 2,100 sq ft. Each building has its own gas and electric meter. Very tall ceilings throughout the sanctuary with large windows on all sides and a beautiful large window at the front entrance. Several updates over the past 10-15 years and such a wonderful place to establish another church. Don't hesitate to get in touch with me or your favorite agent with any questions, I am happy to help in any way that I can.
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Listings courtesy of MARIS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to [email protected]. The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
Vandalia Real Estate
The median home value in Vandalia, IL is $150,000. This is higher than the county median home value of $107,100. The national median home value is $338,100. The average price of homes sold in Vandalia, IL is $150,000. Approximately 50.62% of Vandalia homes are owned, compared to 32.62% rented, while 16.77% are vacant. Vandalia real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Vandalia real estate agent to arrange a tour today!
Vandalia, Illinois has a population of 6,459. Vandalia is less family-centric than the surrounding county with 23.76% of the households containing married families with children. The county average for households married with children is 27.96%.
The median household income in Vandalia, Illinois is $36,064. The median household income for the surrounding county is $47,744 compared to the national median of $69,021. The median age of people living in Vandalia is 41.7 years.
Vandalia Weather
The average high temperature in July is 87 degrees, with an average low temperature in January of 20.6 degrees. The average rainfall is approximately 40.9 inches per year, with 11 inches of snow per year.