13 Old Capitol Mall - Storefront Retail/Office FOR SALE


Vandalia, IL 62471
$425,000 USD
704-987-0000
13 Old Capitol Mall, Vandalia, IL for Sale
$425,000 USD
Storefront Retail/Office - FOR SALE
1/4
null | Request Cap Rate

13 Old Capitol Mall
Vandalia, IL 62471


HIGHLIGHTS

  • Signaized Intersection.
  • Busiest Intersection in the County.
  • Loading dock with two rollup doors.
  • Vacant bank drive-through.
  • Enterprise Zone/Opportunity Zone.
  • 16,000 +/- VPD.

OVERVIEW

Great opportunity to purchase high vacancy building and enjoy huge upside profit through leasing the vacant space (estimated 27% CAP Rate if leased). OWNER FINANCING. Property is located in an Opportunity Zone giving tremendous tax benefits. The City has TIF (Tax Increment Financing) grants available for renovating buildings that bring business into the downtown area. The State of Illinois Drivers License Office has leased approx 1900 SF in the center for more than 50 years and just renewed for another 5 years. Estimates for new roof is approx $130,000 and new HVAC is approx $82,000. Dollar General occupies a space in the center, but is not included in this offering.

FOR SALE DETAILS

PRICE

$425,000 USD

PRICE/SF

$22 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Old Capitol Mall

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C

APN/PARCEL ID

18-14-16-406-003

ASK ABOUT THIS PROPERTY

Brad BowmanFirst Federal Properties, Inc.More Info
704-987-0000

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Brad BowmanFirst Federal Properties, Inc.More Info
704-987-0000

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.