$ 280,000
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$280,000
Price -
0
Bed -
0
Bath -
0
SqFt
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About the Listing AAUC01 - JOKIA
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.
Listing Highlights
Status
Active
Days on Site
35
Property Type
Commercial Sale
MLS ®
25075413
Year Built
1986
Total Square Footage
0
Lot/Acreage
0.08
County
Madison
Neighborhood
Collinsville Professional Park
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond: Central Air
- Heating: Electric,Forced Air
- Fireplaces:
- Floor: Carpet,Combination
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 6
- Roof:
- Others:
- Sewer:
Financial Details
- Tax Amount: $4,948
- Taxes w/Assessments: N/A
- Tax/Property ID: 13-2-21-22-12-203-012
- Tax Year: 2024
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
2010 Vandalia St Collinsville, IL 62234
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