2010 Vandalia Street, Collinsville, IL 62234
- $280,000
2010 Vandalia Street, Collinsville, IL 62234
- $280,000
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.
Address
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Address: 2010 Vandalia Street
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City: Collinsville
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State/county: IL
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Zip/Postal Code: 62234
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Area: Collinsville Professional Park
Details
Updated on November 11, 2025 at 12:45 am-
Property ID 25075413
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Price $280,000
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Property Size 2100 Sqft
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Land Area 0.0803 Acres
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Garage Size x x
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Year Built 1986
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Type Office, Commercial Sale
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Property Status Active
Additional details
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Listing Terms Cash,Conventional
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Utilities Electricity Connected,Phone Connected,Sewer Connected,Water Connected
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Cooling Central Air
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Heating Electric,Forced Air
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Flooring Carpet,Combination
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County Madison
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Property Type Commercial Sale
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