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40 photos
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$500,000
Est. payment /mo
20,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 20,700 sqft
Price per Sqft $24
MLS Listing ID 25019231
Year Built 1924
Annual Tax Amount $1,359
Lot Size 7,361 Sqft
Acres 0.169
Property Sub-Type Unimproved Land
Property Description
Built in 1924, this three-story downtown Vandalia building offers more than 20,000 sq ft, with about 6,900 sq ft on each floor. At $500,000, that works out to about $24 per square foot. It started as a motel and was most recently used as efficiency apartments before a fire. The building is ready for its next chapter as offices, residential units, mixed use or something else entirely. An elevator runs from the basement to the third floor. Two staircases also reach all four levels. The main floor has a lobby, a dining hall, a kitchen and serving area, bathrooms and several more rooms that could be used in different ways. The upper two floors have many rooms that can easily be divided for offices or tenants. The two basement areas work well for storage, utilities and equipment. The building has poured concrete floors: 19 inches on the first floor, 15 on the second and 11 on the third. Photos include rough AI-generated layouts of each level. The sale includes the building and its 0.169-acre parcel. The neighboring 0.366-acre vacant lot is listed separately for buyers who want extra room for parking, green space or expansion.
Location
State IL
County Fayette
Area 1 - Downtown
Interior
Heating Forced Air
Cooling Wall Unit(s)
Fireplace N
Exterior
Parking Features false
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Water Available, Sewer Available, Phone Available
View Y/N No
Building
Sewer Public Sewer
Water Public
Structure Type Other,Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Listed by Jay Kehrer • Strano & Associates
NEARBY SCHOOLS & PROPERTIES
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