$149,000
0.42± Acres
Active
Fayette County, IL
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13 Old Capitol Shopping Center, Vandalia, Illinois

MLS ID: 6258298
Status: Active
Price: $149,000
Acres: 0.42±
Type: Office Building, Commercial
Address: 13 Old Capitol Shopping Center
City, State: Vandalia, IL
County: Fayette County
ZIP Code: 62471
Lat/Long: 38.94799, -89.140472
Parcel Number: 181416406007
Year Built: 1972

Description

Exceptional investment opportunity! This 2,579 sq ft commercial property delivers strong in-place income with an approximate 13.47% cap rate, with upside potential to reach 16.7%+ through lease-up of the vacant space. Anchored by a long-term DMV tenant with over 50 years of continuous occupancy, the property offers stability and proven tenancy.

The vacant former bank space features a drive-thru canopy, presenting an excellent opportunity for additional income or owner-user flexibility. Positioned at a high-visibility signalized intersection with approximately 16,000± vehicles per day, the site benefits from strong traffic counts and exposure.

Located within an Opportunity Zone and supported by TIF and Enterprise Zone incentives, this property offers compelling financial advantages. Surrounded by national retailers and established local amenities, this is a rare chance to acquire a high-yield asset with both immediate returns and significant value-add potential.

Additional Information

Interior

Appliances: Electric Water Heater
Cooling (Yes/no): Yes
Cooling: Central Air
Heating (Yes/no): Yes
Heating: Gas
Living Area Source: Public Records

Exterior

Lot Size Area: 0
Lot Size Square Feet: 17,388
Lot Size Units: Acres
Parking Features: On Site
Parking Total: 7
Road Surface Type: Concrete
Stories: 1
Water Source: Public

Financial/HOA/Schools

Days On Market: 64
Tax Annual Amount: 1400
Zoning: COM

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Brandon Peteroccelli

Brandon Peteroccelli

Moweaqua, Illinois

(217) 706-1440

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of October 8, 2026 at 12:22:26 PM UTC.

Listing information provided courtesy of the Central Illinois Board of REALTORS®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Listed By: Kevin Gouchenouer of C21 Realty Concepts - (217) 821-7131