410 Sunset DrVandalia, IL 62471

  • Commercial real estate
  • 1.57 AC
For Sale
$400,000 View listing

Property Details for 410 Sunset Dr

Lot size
1.57 AC
Property type
Commercial real estate
APN
18-14-17-132-018
APU
181417132018

Description

This exceptional 9,127-square-foot commercial building, situated on a spacious 1.57-acre lot in Vandalia, Illinois, presents a remarkable investment opportunity. Constructed in 1997 and successfully operated until 2024, the property boasts a wealth of features ideal for a variety of uses. Currently configured with 21 private rooms, it's perfectly suited for senior living, including memory care, assisted living, or independent living arrangements. The facility also includes a fully equipped commercial kitchen and dedicated laundry facilities, ensuring convenience and functionality. Modern updates include a recently installed roof and updated rooms, contributing to the property's overall excellent condition. The well-maintained infrastructure is complemented by a large concrete parking lot and beautifully landscaped grounds, featuring a gazebo. The property's versatility extends beyond senior housing, with potential for multi-family housing development, group homes, daycare centers, or educational facilities. Its prime location within a serene residential neighborhood offers both accessibility and a peaceful environment. This turnkey facility represents an exceptional value for developers and investors seeking a well-maintained property with significant repurposing potential to meet diverse community needs. The property's size, amenities, and location combine to create a compelling investment opportunity with strong potential for future growth and profitability.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $19,102,584
    Hospitality
    $17,497,864
    Educational
    $14,558,017
    Medical
    $15,058,689
    Retail
    $22,645,804

Location Insight

City
Vandalia
County
Fayette
State
Illinois
Latitude
38.9652
Longitude
-89.1151

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
$14,263
$11,586
$157,878
$169,464
-
$34,758
$473,634
$508,392

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].