13 Old Capitol Shopping CenterPrice Reduced
Vandalia, IL 62471 · MLS #6258298
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
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
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.
Location
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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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