$1 Auction – 26,947 SF Warehouse | St. Louis MSA

Highlights:

• 26,947-Square-Foot Vacant Warehouse Situated on 1.84 Acres in St. Louis MSA
• Features Two Dock Doors and Well-Conditioned Roof Replaced in 2014
• Heavy Power with Over 400 Amps and Air Circulation Systems
• Just Off I-70, Located One Hour from Saint Louis in Submarket with 2.9% Vacancy

Description:

RI Marketplace Online Auction May 5-7, 2025
Register to bid on Marketplace:

https://rimarketplace.com/auction/2449/1-auction-26-947-sf-warehouse-st.-louis-msa?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=industrial_2449

Marcus & Millichap is pleased to present the opportunity to acquire 1015 West Jefferson Street in Vandalia, Illinois (the “Property”). With close proximity to Interstate 70, the asset sits an hour’s drive from downtown Saint Louis in the Effingham/Central Illinois submarket.

The Property consists of approximately 26,947 square feet of warehouse space and is situated on 1.84 acres of land. The asset features a clear height of 11’, two dock-high doors, masonry construction, and excess land for additional parking. The roof was replaced in 2014 and passed a recent 2023 inspection. Equipped with 400 amps of heavy power, the property contains air circulation systems throughout the building.

Effingham/Central Illinois is a large submarket containing 40 million square feet of industrial space and a 2.9% vacancy rate. Asking rents averaged $6.40 per square foot in Q3 2024, offering tenants a 9 percent discount compared to the nearby Saint Louis market. With only 125,000 square feet of industrial space under construction in Effingham/Central Illinois, new supply will essentially be a non-factor on vacancies and rents for the foreseeable future (CoStar).

Scott Bowers
c/o Fisher Auction Company Inc.
License: 040000273

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