Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    2603 Veterans Memorial Dr Mt Vernon, IL 62864

    Sponsored
    For Sale
    $180,000

    LAND - Mt Vernon, IL

    Lot size:
    2.36 Acres
    Days on Market:
    119
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 2603 Veterans Memorial Dr Mt

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    07-31-360-002
    Lot size
    2.36 Acres

    Utilities

    Utilities
    Natural Gas Available

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

    Listing agent Cynthia A Bevis

    Listing date Sep 9, 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

    Commercial Land on Veterans Memorial

    This 2.363-acre property presents an opportunity for commercial development with additional residential income potential. Located on Veterans Memorial Drive, the property is suitable for constructing a new commercial building on the front two lots, while the back lots offer the possibility of building duplexes to generate rental income. The front and back lots are separated by a 50-foot roadway owned by the City of Mt. Vernon, which includes a new storm drain. The west boundary of the property adjoins the upcoming development of 27th St. The front lots are zoned I1 for light industrial use, and the back lots are zoned R-M2 for Residential Medium Density/Mobile home use, offering diverse development possibilities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vernon
    County
    Marion
    State
    Illinois
    Longitude
    -88.92272
    Latitude
    38.30019

    Nearby Similar for Sale

    • $250,000
      0.31 Acres

      Mt Vernon Office Building For Sale

      Well-maintained office building with flexible space and ample parking.
      4140 Broadway St Mt, Vernon, IL 62864
      View Details
    • $845,000
      0.93 Acres

      Mt Vernon Commercial Investment Opportunity

      Two commercial buildings with income potential in high-traffic location.
      3307 Broadway St Mt, Vernon, IL 62864
      View Details
    • $699,000
      0.50 Acres

      Retail Space in Time Square

      Located in Time Square Mall with great visibility.
      206 S 42 St Mt, Vernon, IL 62864
      View Details
    • $225,000
      2.18 Acres

      Mixed-Use Property in Mt Vernon

      Versatile property with home, garage, barn, and pasture.
      14625 E Illinois Hwy 15 Mt, Vernon, IL 62864
      View Details
    • $225,000
      0.93 Acres

      Commercial Property Near Major Retailers

      Commercial property with B2 zoning, multiple buildings, and highway access.
      9221 E Illinois Hwy 15 Mt, Vernon, IL 62864
      View Details
    • $69,900
      0.02 Acres

      Renovated Commercial Building For Sale

      Leased, renovated commercial building near courthouse, suitable for various uses.
      1012 Main St Mt, Vernon, IL 62864
      View Details
    • $480,000
      0.59 Acres

      Commercial Property in High-Traffic Location

      Commercial property with stable income and customization potential in Mt. Vernon.
      3405 W Broadway St Mt, Vernon, IL 62864
      View Details
    • $235,000

      Versatile Commercial Building in Mt Vernon

      Two-story commercial building with high visibility and flexible use.
      329 Broadway St Mt, Vernon, IL 62864
      View Details
    • $595,000

      Commercial Property with Income Potential

      Commercial building, storage units, and open lot for sale.
      2801 Veterans Memorial Dr Mt, Vernon, IL 62864
      View Details
    • $65,000

      Salon Ready Commercial Space

      Well-maintained salon with recent updates in prime location.
      105 S 18 St Mt, Vernon, IL 62864
      View Details
    • $795,000
      1.68 Acres

      Spacious Commercial Building Near Interstates

      Adaptable commercial building suitable for various businesses near I-57 & I-64.
      103 N Shiloh Dr Mt, Vernon, IL 62864
      View Details
    • $229,000

      Commercial Office Building on Broadway

      High-traffic commercial building with multiple offices and on-site parking.
      2006 Broadway Mt, Vernon, IL 62864
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime location for commercial building with residential rental income potential.
    Where is this commercial land located?
    The property is located at 2603 Veterans Memorial Dr Mt Vernon, IL.
    What is the asking price?
    The asking price for this property is $180,000.
    What are key features of this property?
    This property features: - Prime location on Veterans Memorial Drive.; - Opportunity to build a commercial building on front lots (zoned I1).; - Potential to build duplexes on back lots (zoned R-M2) for rental income.
    (618) 315-0392
    Request Owner's contact information
    2603 Veterans Memorial Dr Mt Vernon, IL 62864
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2603 Veterans Memorial Dr Mt
    Vernon, IL 62864
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    2603 Veterans Memorial Dr Mt Vernon, IL 62864
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.