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$ 280,000
Est. payment /mo
Active
2010 Vandalia ST Collinsville, IL 62234
3,497 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision Collinsville Professional Park
MLS Listing ID 25075413
Year Built 1986
Annual Tax Amount $4,948
Lot Size 3,497 Sqft
Acres 0.0803
Property Sub-Type Office
Property Description
Income-producing, all-brick office building located on a highly traveled corridor in Collinsville, IL. Established single tenant, currently generating a dependable $12,000 per year at existing rental rates with the tenant responsible for all utilities. The existing lease runs through October 1, 2026, offering immediate cash flow and a clear timeline for re-leasing or repositioning. This well-maintained property contains a total of 10 office spaces arranged for efficient daily operations and flexible reconfiguration. The main floor features five offices, 3 private offices and 2 open workspaces, along with a reception area and 2 restrooms. The upper level provides five additional offices, a restroom, and utility room housing, a furnace and a second circuit breaker panel. The finished basement delivers a communal area, a kitchenette with sink, a fourth restroom, and a utility closet with the second furnace and an additional circuit breaker panel. Six dedicated parking spaces serve tenants and visitors. The building, equipped with zoned HVAC thereby reducing single-point operational risk and simplifying phased tenant transitions. The property, zoned for commercial use suited to professional office tenants and service providers. This asset presents a straightforward, income-generating opportunity with near-term upside. The October 2026 lease expiration gives an investor flexibility to renegotiate, convert to a multi-tenant structure, or pursue owner-occupancy. Visible frontage on a high-traffic corridor and the adaptable interior layout make the building attractive to medical, legal, financial, and small professional service tenants seeking convenient access and signage exposure.
Location
State IL
County Madison
Interior
Heating Electric, Forced Air
Cooling Central Air
Flooring Carpet, Combination
Fireplace N
Exterior
Fence None
Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
Building
Water Public
Structure Type Brick Veneer
Others
Ownership Private
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Adam Jokisch • RE/MAX All Star Advantage
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