3501 Broadway StMount Vernon, IL 62864

  • Other commercial real estate
  • 1.00 AC
For Sale
$675,000 View listing

Property Details for 3501 Broadway St

Lot size
1.00 AC
Property type
Other commercial real estate
APN
06-36-126-004
APU
636126004

Description

This exceptional commercial property, located at 3501 BROADWAY Street in Mt. Vernon, Illinois, 62864, presents a unique investment opportunity. The property, built in 1960, encompasses over 3,300 square feet and sits on a prominent location on one of Mt. Vernon's busiest streets. Previously occupied by WMIX, the building offers a versatile layout suitable for a wide range of businesses. Features include a spacious reception area, a convenient kitchenette, two bathrooms, and multiple offices, providing ample space for various operational needs. The property also benefits from abundant on-site parking, a significant advantage for both employees and clients. Its high visibility on Broadway ensures maximum exposure, placing your business within a thriving commercial district. The asking price for this prime commercial land and building is $675,000. This is an excellent opportunity to establish or expand your business in a high-traffic area with significant potential for growth. The property's size and location make it an ideal choice for businesses seeking a strong presence in the heart of Mt. Vernon.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $11,396,810
    Hospitality
    $10,439,417
    Educational
    $8,685,472
    Medical
    $8,984,179
    Retail
    $13,510,734
3501 Broadway St, Mount Vernon, Illinois

Location Insight

City
Mount Vernon
County
Jefferson
State
Illinois
Latitude
38.3139
Longitude
-88.9361
CBSA code
34500
CBSA name
MOUNT VERNON, IL MICROPOLITAN STATISTICAL AREA

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
2021
$11,035
$49,048
$69,666
$118,714
-
$147,144
$208,998
$356,142

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