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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
2008 Valley View Lane, Collinsville, IL 62234 4/3 1,976 $350,000 $345,000
98.6% of ask
Sep 21, 2026
992 Vermont Avenue, Collinsville, IL 62234 3/3 1,872 $262,500 $270,000
102.9% of ask
Sep 18, 2026
532 S Clinton Street, Collinsville, IL 62234 3/2 788 $1,430 $1,430
100% of ask
Sep 16, 2026
403 Garesche Street, Collinsville, IL 62234 2/2 1,340 $240,000 $240,000
100% of ask
Sep 15, 2026
103 Irene Drive, Collinsville, IL 62234 3/2 1,444 $175,000 $180,500
103.1% of ask
Sep 14, 2026
410 Chapel Drive, Collinsville, IL 62234 4/2 2,326 $290,000 $285,000
98.3% of ask
Sep 11, 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 Sep 21, 2026 · $267,000

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