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

    41 Mateer Dr Mount Vernon, IL 62864

    For Sale
    Contact for pricing

    Prime Mixed-Use Development Site in Illinois

    Description

    Added:
    Feb 14, 2025
    Days on Market:
    304
    This exceptional commercial development opportunity is located in Mount Vernon, Illinois, at 41 Mateer Dr, 62864. The property boasts a sizable lot ranging from 1 to 33 acres, offering significant flexibility for a variety of development projects. Its strategic location at the intersection of Interstates 57 and 64 provides unparalleled access to a large regional market, drawing customers from nine surrounding counties. The site is zoned for commercial use, permitting the construction of retail spaces, restaurants, quick-service restaurants (QSRs), and other commercial or industrial ventures. This prime location benefits from the area's strong employment base, making it an ideal spot for businesses catering to a diverse clientele. The property is classified as Class A, reflecting its high quality and potential. This is a rare chance to capitalize on a thriving market and create a significant commercial presence in a rapidly growing area. The site presents a unique opportunity for developers seeking to establish a mixed-use development that caters to the needs of the local community and the broader regional market. The potential for a successful and impactful development is substantial, given the property's size, location, and zoning. This is a truly exceptional opportunity for investors and developers seeking a high-impact project in a strategic location.

    Property Features for 41 Mateer Dr

    General Information

    Property type
    Lifestyle centers
    Class
    A
    Lot Size
    43,560 SF

    HighLights

    • Class A commercial property in Mount Vernon, IL.
    • Located at 41 Mateer Dr, Mount Vernon, IL 62864.
    • 1‑33 acre lot size suitable for mixed‑use development.
    • Zoned for commercial use, ideal for grocery stores, QSRs, and shopping centers.
    • Prime location at the intersection of I‑57 and I‑64, serving a large regional population.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Jefferson
    State
    Illinois
    Longitude
    -88.9485369
    Latitude
    38.3100998

    Nearby Similar for Sale

    • $99,500
      8,667 SF

      Industrial Building on Large Lot

      8,667 SF industrial building on approximately 5 acres.
      500 Gee St, Mount Vernon, IL 62864
      View Details
    • $485,000
      3,376 SF

      Former QSR with Drive-Thru

      Free-standing restaurant with drive-thru and kitchen infrastructure included.
      1600 Broadway St, Mount Vernon, IL 62864
      View Details
    • $808,000

      Retail Property in Mount Vernon

      Retail property available for sale in Mount Vernon, Illinois.
      3300 Broadway St, Mount Vernon, IL 62864
      View Details
    • Contact for pricing

      Heritage Landing: IL Multifamily

      50-unit, 55+ apartment building, value-add opportunity.
      4260 Heritage Ave, Mount Vernon, IL 62864
      View Details
    • $2,000,000
      1,627 SF

      IL Auto Shop Sale-Leaseback

      1,627 SF Jiffy Lube-type NNN Lease
      3806 Broadway St, Mount Vernon, IL 62864
      View Details
    • $340,000
      2,400 SF

      Mount Vernon Mixed-Use Property

      Prime corner lot, 2400 sq ft, great income potential.
      4140 Broadway St, Mount Vernon, IL 62864
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Mixed-Use Development Site in Illinois
    Where is this lifestyle center located?
    The property is located at 41 Mateer Dr Mount Vernon, IL.
    What are key features of this property?
    This property features: Class A commercial property in Mount Vernon, IL.; Located at 41 Mateer Dr, Mount Vernon, IL 62864.; 1-33 acre lot size suitable for mixed-use development.
    Request Owner's contact information
    41 Mateer Dr Mount 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.
    41 Mateer Dr
    Mount 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
    41 Mateer Dr Mount 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.