1015 Jefferson St Vandalia, IL 62471

This vacant 26,947-square-foot warehouse in Vandalia, Illinois, presents a compelling investment opportunity. Located at 1015 West Jefferson Street, this Class C industrial property sits on a 1.84-acre lot and offers significant potential. The single-tenant building boasts 11-foot ceilings, two dock-high doors, and a well-maintained roof replaced in 2014, which passed a recent inspection. The property features 400 amps of heavy power and air circulation systems throughout. Zoned for light industrial use (IL), it's ideally suited for owner-occupancy, offering competitive ownership costs compared to leasing. The property's strategic location, an hour from downtown St. Louis, Missouri, within the Effingham/Central Illinois submarket (with a 2.9% vacancy rate), provides excellent access to Interstate 70 and a strong potential for future growth. The asking price is $795,000, with a pro-forma cap rate of 11.02% and a pro-forma NOI of $87,578. The property is offered fee simple and is currently vacant. This is a rare opportunity to acquire a well-maintained, strategically located warehouse in a thriving market.