701 Janette DrVandalia, IL 62471

  • Commercial real estate
  • 0.92 AC
For Sale
$245,000 View listing

Property Details for 701 Janette Dr

Lot size
0.92 AC
Property type
Commercial real estate
APN
18-14-09-108-003
APU
181409108003

Description

This exceptional 1.09-acre property at 701 Janette Drive in Vandalia, Illinois, presents a unique investment opportunity. The 1,781-square-foot building, constructed in 1976 and renovated in 2017, sits on a spacious lot and offers versatile commercial zoning (CG). Previously operating as a Long John Silvers restaurant, the property is ideally suited for a variety of uses, including executive office space or redevelopment. The single-story structure provides ample space, complemented by 32 parking spaces, ensuring convenient access for employees and customers. All utilities are readily available, simplifying the setup for any new business. The property's location in Fayette County, Illinois, with a 62471 zip code, offers excellent visibility and accessibility. The asking price is $245,000, making this a compelling proposition for investors seeking a prime redevelopment site or a ready-to-occupy commercial space. The property's APN is 18-14-09-108-003. This is a rare chance to acquire a well-located commercial property with significant potential for growth and return on investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,193,862
    Hospitality
    $10,253,518
    Educational
    $8,530,806
    Medical
    $8,824,194
    Retail
    $13,270,143
701 Janette Dr, Vandalia, Illinois

Location Insight

City
Vandalia
County
Fayette
State
Illinois
Latitude
38.9814
Longitude
-89.0986

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$8,763
$7,386
$96,732
$104,118
-
$22,158
$290,196
$312,354

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