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    1500 Salem Rd Mt Vernon, IL 62864

    For Sale
    $279,000

    Commercial - Mt Vernon, IL

    Property size:
    6,420 SF
    Lot size:
    0.77 Acres
    Days on Market:
    38
    Last Refresh:
    Dec 6 at 4:06 pm

    Property Features for 1500 Salem Rd Mt

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2
    APN
    07-94-540--002
    Parking
    25
    Size
    6,420 SF
    Lot size
    0.77 Acres

    Utilities

    Heating system
    Electric (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1930
    Flooring type
    Concrete, Tile
    Building materials
    Block, Brick, Frame, Wood Siding
    Roof type
    Flat, Rolled/Hot Mop
    Architectural style
    Other

    United Country Southern Realty (618) 997-7979 [email protected]

    Listing agent MARY SUSAN GRAHLHERR (618) 997-7979 License #475124538

    Listing date Oct 30, 2025

    MLS# EB456865 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Highway Frontage Commercial Building

    Located on Highway 37 on the north edge of Mt. Vernon, Illinois, this commercial building offers a business opportunity with over 6,300 square feet of space. The property is currently used as a grocery store and is suitable for various business types, including retail, restaurant, or office use. The building includes two interior coolers and a detached exterior freezer and cooler. The entrance is handicap accessible. Zoned B2, the corner lot property features three entrances on two sides. The traffic count is 5,850 per day. The lot size is 0.77 acres.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    Map

    City
    Vernon
    County
    Marion
    State
    Illinois
    Longitude
    -88.91264961
    Latitude
    38.333526882

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    FAQs

    What type of property is this?
    Grocery and convenience store - Commercial building on highway with business opportunity in Mt. Vernon.
    Where is this grocery and convenience store located?
    The property is located at 1500 Salem Rd Mt Vernon, IL.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: - Excellent Highway Frontage Location on Hwy 37 with high traffic count (5,850 per day).; - Large Commercial Building: Over 6,300 square feet.; - Versatile B2 Zoning suitable for retail, restaurant, office, or other business types.
    (618) 997-7979
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    1500 Salem Rd Mt Vernon, IL 62864
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    Vernon, IL 62864
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1500 Salem Rd Mt Vernon, IL 62864
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