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Old Capitol Mall 13 Old Capitol Mall 19,500 SF Retail Building Vandalia, IL 62471 $425,000 ($21.79/SF)
INVESTMENT HIGHLIGHTS
- Signaized Intersection.
- Loading dock with two rollup doors.
- Enterprise Zone/Opportunity Zone.
- Busiest Intersection in the County.
- Vacant bank drive-through.
- 16,000 +/- VPD.
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Owner User
Sale Conditions
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
19,500 SF
Building Class
C
Year Built
1972
Price
$425,000
Price Per SF
$21.79
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.36
Lot Size
1.25 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Parking
100 Spaces (5.13 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signage
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Retail space in shell condition ready for customization.
| Space | Size | Space Use | Position | Available |
| 13 | 17,134 SF | Retail | End Cap | 30 Days |
13
| Size |
| 17,134 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| 30 Days |
13
| Size | 17,134 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | 30 Days |
Retail space in shell condition ready for customization.
PROPERTY TAXES
| Parcel Number | 18-14-16-406-003 | Improvements Assessment | $52,046 |
| Land Assessment | $3,374 | Total Assessment | $55,420 |
PROPERTY TAXES
Parcel Number
18-14-16-406-003
Land Assessment
$3,374
Improvements Assessment
$52,046
Total Assessment
$55,420
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Old Capitol Mall | 13 Old Capitol Mall
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