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$243,000 Active

2010 Vandalia Street, Collinsville, IL, 62234

0 ba
Subdivision: Collinsville Professional Park
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.

Status: Active · MLS# 25075413 · Listing Courtesy of RE/MAX All Star Advantage, [email protected]

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Facts and features

List Price

$ 243,000

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
419 S Jefferson Avenue, Collinsville, IL 62234 2/1 576 $104,900 $104,000
99.1% of ask
Nov 10, 2026
145 Hillcrest Avenue, Collinsville, IL 62234 3/2 1,748 $135,000 $135,000
100% of ask
Nov 9, 2026
710 N Keebler Avenue, Collinsville, IL 62234 2/1 1,050 $169,500 $172,043
101.5% of ask
Nov 6, 2026
314 Ofarrell Street, Collinsville, IL 62234 2/1 1,149 $100,000 $88,270
88.3% of ask
Nov 6, 2026
19 Sugar Lane, Collinsville, IL 62234 3/3 2,516 $484,900 $475,000
98% of ask
Nov 6, 2026
629 High School Street, Collinsville, IL 62234 4/3 1,291 $299,900 $310,000
103.4% of ask
Nov 5, 2026

Price & Listing History

Listed for sale at $280,000
Nov 10, 2025 · original list price
Price reduced by $13,000 (4.6%)
From $280,000 to $267,000
Price reduced by $24,000 (9%)
From $267,000 to $243,000 · $37,000 below the original price
Current status: Active
As of Oct 7, 2026 · $243,000

Every time this home was on the market

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Most MLS-recorded sales near this home

Most closed sales in the last 12 months around this address, listing side and buyer side, plus this listing agent's record.

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