13 Old Capitol Shopping CenterPrice Reduced

Vandalia, IL 62471 · MLS #6258298

$149,000
Listed 140 days ago
Save
Acres
0.42
Type
CommercialSale
Status
Active

Exceptional investment opportunity! This 2,579 sq ft commercial property delivers strong in-place income with an approximate 13.47% cap rate, with upside potential to reach 16.7%+ through lease-up of the vacant space. Anchored by a long-term DMV tenant with over 50 years of continuous occupancy, the property offers stability and proven tenancy. The vacant former bank space features a drive-thru canopy, presenting an excellent opportunity for additional income or owner-user flexibility. Positioned at a high-visibility signalized intersection with approximately 16,000± vehicles per day, the site benefits from strong traffic counts and exposure. Located within an Opportunity Zone and supported by TIF and Enterprise Zone incentives, this property offers compelling financial advantages. Surrounded by national retailers and established local amenities, this is a rare chance to acquire a high-yield asset with both immediate returns and significant value-add potential.

Features

Electric Water HeaterOn SiteCentral AirGas

Property Details

Price
$149,000
MLS #
6258298
Status
Active
Type
CommercialSale
Subtype
Office
Listed Date
Apr 27, 2026
Lot Size
17,388 sqft / 0.42 acres
Year Built
1972
County
Fayette
Zoning
COM
Parcel Number
181416406007

Interior

Above Grade Finished Area
0
Appliances
Electric Water Heater
Cooling
Central Air
Heating
Gas
Levels
One

Exterior

Construction Materials
Brick
Parking Features
On Site
Stories
1
Road Surface
Concrete
Sewer
Public Sewer
Water Source
Public

Payment estimate

Estimated monthly
$910/mo
$793 principal & interest$117 taxes

Estimate for planning only — actual payment depends on your loan. Talk to your lender.

Financial

Tax Year
2024
Taxes
$1,400

Market Summary

Current real estate data for CommercialSale in Vandalia as of Sep 14, 2026, from all participating CIBR offices.

CommercialSale Listed
4
Avg Days on Market
185
Avg List Price
$254,700

Location

See this listing

Ask a question or request a tour of 13 Old Capitol Shopping Center. We'll get right back to you.

Listed by C21 Realty Concepts · 217-240-0020. Want to see this property? Call Grissom Schmitz Realty at 217-562-7078.

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Disclaimer: All data relating to real estate for sale on this site comes from the Broker Reciprocity (BR) of the Central Illinois Board of Realtors. Detailed information about real estate listings held by brokerage firms other than Grissom Schmitz Realty include the name of the listing broker. Neither the listing company nor Grissom Schmitz Realty shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. All properties are subject to prior sale, changes, or withdrawal.

Copyright 2026 Central Illinois Board of Realtors. All rights reserved. This site was last updated 9/14/2026, 3:23:03 PM (Central Time).