Language and Region
Currency

Email*

Please enter a valid email address.

To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

Message

961 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

612 W Gallatin St 15 Unit Apartment Building $900,000 ($60,000/Unit) Vandalia, IL 62471

.mosaic-column{display:inline-block!important;height:100%!important;width:auto!important}.mosaic-tile i{display:none!important}.mosaic-tile img{height:100%!important;width:auto!important}

EXECUTIVE SUMMARY

With over 20,000+ sq ft this 1924 three story building has +/- 6900 Sq ft per floor. This downtown property is being advertised with the parcel the building sits on plus an optional second parcel of land that could enhance the overall plans/outcome of the building's potential. The building started as a motel. Lastly used as efficiency apartments before the fire. The building has an elevator that goes from the basement to the 3rd floor. The are two sets of stairs that provide the same access to all 4 levels. Main floor has a lobby area, dining hall, kitchen/serving area, a couple bathrooms, plus several other rooms that could be used in various ways. See photos for roughly estimated AI layouts of each level. The upper 2 levels have numerous rooms with endless options to divide and split up for offices or tenants. The two basement areas could be used for storage, utilities, and equipment. The floors are poured concrete with 1st floor 19 pour, 2nd floor 15, & 3rd floor 11. Location: Downtown

PROPERTY FACTS

Price	$900,000	Lot Size	1.75 AC
Price Per Unit	$60,000	Construction Status	Under Renovation
Sale Type	Investment	Building Size	20,700 SF
No. Units	15	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1924/2025
Property Subtype	Apartment	Parking Ratio	0.97/1,000 SF
Apartment Style	Low-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	C

Price	$900,000
Price Per Unit	$60,000
Sale Type	Investment
No. Units	15
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	1.75 AC
Construction Status	Under Renovation
Building Size	20,700 SF
No. Stories	3
Year Built/Renovated	1924/2025
Parking Ratio	0.97/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.