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Payton Blaylock

payton@blaylockgroup.com +1(618) 780-4622

$267,000

Est. payment - /mo

3,497 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Subdivision Collinsville Professional Park

MLS Listing ID 25075413

Year Built 1986

Annual Tax Amount $4,948

Lot Size 3,497 Sqft

Acres 0.0803

Property Sub-Type Office

Property Description

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.

Location

State IL

County Madison

Interior

Heating Electric, Forced Air

Cooling Central Air

Flooring Carpet, Combination

Fireplace N

Exterior

Fence None

Utilities Available Electricity Connected, Phone Connected, Sewer Connected, Water Connected

View Y/N No

Building

Water Public

Structure Type Brick Veneer

Others

Ownership Private

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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Listed by Adam Jokisch • RE/MAX All Star Advantage

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Payton Blaylock

+1(618) 780-4622

Agent License ID: IL: 475.163463 MO: 2019012838

2010 Vandalia ST Collinsville, IL 62234

Payton Blaylock

Key Details

Location

Interior

Exterior

Building

Others

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2010 Vandalia ST