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    206 S 42 St Mt Vernon, IL 62864

    Sponsored
    For Sale
    $699,000

    COMMERCIAL - Mt Vernon, IL

    Lot size:
    0.50 Acres
    Days on Market:
    118
    Last Refresh:
    Jan 5 at 2:06 pm

    Property Features for 206 S 42 St Mt

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B PL
    APN
    06-36-102-004
    Parking
    6
    Lot size
    0.50 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Brick, Vinyl Siding, Block
    Roof type
    Composition, Membrane, Flat, Rolled Hot Mop

    King City Property Brokers Inc (618) 237-7166 [email protected]

    Listing agent DEBRA M SMITH

    Listing date Sep 10, 2025

    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

    Retail Space in Time Square

    The property is located in Time Square Mall in Mt. Vernon, Illinois, offering great visibility and a favorable position within the mall. According to the City, the property is eligible for Enterprise Zone benefits if a remodel requiring a building permit is undertaken. The lot size is approximately 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping malls

    Map

    City
    Vernon
    County
    Marion
    State
    Illinois
    Longitude
    -88.9415093
    Latitude
    38.31244345

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    FAQs

    What type of property is this?
    Shopping mall - Located in Time Square Mall with great visibility.
    Where is this shopping mall located?
    The property is located at 206 S 42 St Mt Vernon, IL.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - Located in Time Square Mall with great visibility; - Qualifies for Enterprise Zone benefits with remodel requiring a building permit; - Constructed with durable materials: Brick, Vinyl Siding, and Block
    (618) 237-7166
    Request Owner's contact information
    206 S 42 St 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
    206 S 42 St Mt Vernon, IL 62864
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