1509 Vandalia StCollinsville, IL 62234

For Sale
$295,000

Three buildings, income potential, prime location

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents three buildings on a single 0.34-acre lot in Collinsville, Illinois, situated on a prominent corner location. The property comprises two commercial office buildings and one residential property, offering diverse income streams. One commercial building at 1509 Vandalia Street, totaling 1,166 square feet, is currently available for lease. The other commercial building at 1507 Vandalia Street, encompassing 840 square feet, and the 752-square-foot residential building at 117 Mounds Street are currently under lease. The combined square footage of all three buildings is 2,758 square feet. Parcel information for the buildings includes 13-2-21-22-19-403-016, 13-2-21-22-19-403-015, and 13-2-21-22-19-403-017. The asking price for this entire package is $295,000. Rental income details are available upon request. This property presents a compelling investment opportunity with potential for continued rental income or redevelopment. Its prime location and multiple income streams make it an attractive proposition for discerning investors.

Highlights

  • Three income-producing buildings on a 0.34-acre corner lot in Collinsville, IL.
  • Totaling 2,758 square feet, including two commercial buildings (1,166 SF & 840 SF) and one residential building (752 SF).
  • One commercial building currently available for lease; others under lease. Rental income details available upon request.
  • Asking price: $295,000.
  • Ideal redevelopment opportunity.

Property Details for 1509 Vandalia St

Property type
Other office properties, Office properties
Square Feet
2,758 SF
Lot Size (sq. ft)
14,810 SF

Location Insight

City
Collinsville
County
Madison
State
Illinois
Latitude
38.688701675961
Longitude
-89.973534208486
1509 Vandalia St, Collinsville, Illinois

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1509 Vandalia St
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