2010 Vandalia Street, Collinsville, IL 62234
sale
$280,000
|
Office
Courtesy Of Adam's Realty & Auction LLC
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.
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Property Features
- Age: 31-40 Years Old
- Architecture Style: Other
- Cooling System: Central Air
- Exterior Type: Brick Veneer
- Exterior Type: Brick
- Floor Covering: Carpet
- Heating System: Electric (Heating)
- Heating System: Forced Air
- MLSID: 25075413
- Parking Spaces: 6
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