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    206 S 42 St Mt Vernon, IL 62864

    For Sale
    $699,000

    Commercial - Mt Vernon, IL

    Property size:
    3,960 SF
    Days on Market:
    100
    Last Refresh:
    Dec 13 at 8:06 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
    Size
    3,960 SF

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Flooring type
    Concrete
    Building materials
    Block, Brick, Vinyl Siding
    Roof type
    Composition, Flat, Membrane, Rolled/Hot Mop
    Architectural style
    Other

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

    Listing agent DEBRA SMITH (618) 316-7331 License #471019811

    Listing date Sep 5, 2025

    MLS# EB459584 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

    Retail Space in Time Square

    Located in Time Square Mall in Mt. Vernon, Illinois, this retail property offers great visibility and a well-situated position. The building's zoning is B PL. The property size is 3,960 square feet. According to the City, the property will qualify for Enterprise Zone benefits if a remodel requiring a building permit is undertaken. The property is located at 206 S 42ND Street, Mt Vernon, IL 62864.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Vernon
    County
    Marion
    State
    Illinois
    Longitude
    -88.9415093
    Latitude
    38.312443445

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    FAQs

    What type of property is this?
    Shopping mall - Retail property in Time Square Mall, Mt Vernon, Illinois.
    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: - Prime location within Time Square Mall offering **high visibility**.; - Potential Enterprise Zone benefits from the City for qualifying remodel projects.; - Durable construction with block, brick, and vinyl siding.
    (618) 316-7331
    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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