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    314 S 5 St Mt Vernon, IL 62864

    For Sale
    $98,000

    Commercial - Mt Vernon, IL

    Days on Market:
    35
    Last Refresh:
    Dec 9 at 4:06 am

    Property Features for 314 S 5 St Mt

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B2 & RMS
    APN
    0729456010

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Aluminum Siding, Frame
    Roof type
    Metal
    Architectural style
    Other

    Century 21 All Pro Real Estate (618) 237-4525 [email protected]

    Listing agent Lisa McKinney (618) 237-4525 License #471003781

    Listing date Nov 5, 2025

    MLS# EB460373 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

    Mt Vernon Commercial Property Package

    This commercial property package in Mt Vernon, IL, offers multiple buildings and lots with B2 and RM2 zoning, presenting a versatile investment opportunity. The package includes a 36' x 62' heated and air-conditioned building with a bathroom and overhead door, suitable for workshop, storage, or business operations. A 30' x 40' finished building, constructed in 2013, features an open-concept living area with a kitchen, bathroom, and bedroom, ideal as a live/work space or office. Additionally, there is a 24' x 40' metal building equipped with electric service, suitable for storage or small business use, and a 24' x 64' heated building with an overhead door, offering ample room for operations, storage, or customization. The property includes multiple vacant lots, providing space for expansion, development, or resale. The B2 zoning allows for a variety of business uses, and some parcels are zoned RM2, providing potential for residential development. City utilities are available. Rezoning is possible for residential use, offering the option to create a live/work compound. This property is ideal for business owners, developers, or investors looking to generate income through rental, resale, or mixed-use development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Live-work space

    Map

    City
    Vernon
    County
    Marion
    State
    Illinois
    Longitude
    -88.895899
    Latitude
    38.315479

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    FAQs

    What type of property is this?
    Live-work space - Multi-building commercial property with residential potential in Mt Vernon, IL.
    Where is this live-work space located?
    The property is located at 314 S 5 St Mt Vernon, IL.
    What is the asking price?
    The asking price for this property is $98,000.
    What are key features of this property?
    This property features: - Multiple Buildings with Flexible B2 & RM2 Zoning: Offers diverse usage options.; - Finished 30' x 40' Building (Built in 2013): Features an open-concept living area with kitchen, bathroom, and bedroom, ideal for live/work space.; - Multiple Vacant Lots Included: Provides opportunities for expansion, development, or resale.
    (618) 237-4525
    Request Owner's contact information
    314 S 5 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

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    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
    314 S 5 St Mt Vernon, IL 62864
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