1012 Main StMount Vernon, IL 62864

  • Other commercial real estate
  • 944 SF
For Sale
$98,765 View listing

Property Details for 1012 Main St

Year built
1900
Property size (Sq ft)
944 SF
Property type
Other commercial real estate
APN
07-29-352-011
APU
729352011

Description

This exceptional commercial property at 1012 Main Street in Mt. Vernon, Illinois, presents a unique investment opportunity. The 1900-built building, situated just half a block from the courthouse, underwent a complete renovation in 2017 and received a fresh coat of paint in 2024. The interior boasts a redesigned floor plan, a stunning metal ceiling, and updated lighting throughout. A fully equipped kitchen features modern appliances and a subway tile backsplash, complemented by a bathroom with ample storage. Additional attic space provides further storage solutions. The property's versatility allows for adaptation to a wide range of commercial uses, making it an ideal choice for entrepreneurs and investors alike. Street parking is readily available for clients and customers. Currently leased with a two-year term expiring August 31, 2026, this property offers immediate income potential. The asking price is $98,765. This land, industrial, office, and retail space is classified as commercial and flex space, offering a blend of uses within a single, well-maintained building. The property's central location and recent renovations make it a highly attractive investment prospect in the heart of Mt. Vernon. The zip code is 62864.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $246,983
    Hospitality
    $226,235
    Educational
    $188,225
    Medical
    $194,698
    Retail
    $292,795
1012 Main St, Mount Vernon, Illinois

Location Insight

City
Mount Vernon
County
Jefferson
State
Illinois
Latitude
38.3178
Longitude
-88.9044
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
$964
$1,635
$8,781
$10,416
-
$4,905
$26,343
$31,248

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