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2010 Vandalia Street, Collinsville, IL, 62234

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.

Subdivision: Collinsville Professional Park

List Price

$ 267,000

Status

Active

Days on market

0

MLS#

25075413

Bedrooms

0

Full baths

0

Subdivision

Collinsville Professional Park

Municipality

Collinsville

County

Madison-IL

Property Type

Commercial Sale

Type

Commercial Sale

Additional Information

Property Tax (2024)

$4,948

Recent Nearby Sales in 62234

Last 6 closed homes in this zip.

Address Bd/Ba SqFt List Sold Closed
109 Dale Avenue, Collinsville, IL 62234 3/2 1,272 $225,000 $218,000
96.9% of ask
Sep 4, 2026
119 Westwood Street, Collinsville, IL 62234 4/2 1,200 $179,900 $170,000
94.5% of ask
Sep 2, 2026
7 Linden Court, Collinsville, IL 62234 3/4 2,913 $535,000 $520,000
97.2% of ask
Sep 1, 2026
113 N Wilson Heights Road, Collinsville, IL 62234 5/1 2,118 $204,900 $185,000
90.3% of ask
Sep 1, 2026
5906 Galli Lane, Collinsville, IL 62234 4/4 2,176 $415,000 $415,000
100% of ask
Sep 1, 2026
802 Oran Street, Collinsville, IL 62234 3/2 1,592 $245,000 $245,000
100% of ask
Aug 31, 2026

Price & Listing History

Listed for sale
Nov 10, 2025 at $270,000
Price reduced by $3,000 (1.1%)
From $270,000 to $267,000
Current status: Active
As of Jun 22, 2026 · $267,000

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