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    311 College Ave Mount Vernon, IN 47620

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    For Sale
    $850,000

    High-visibility commercial building with showroom, warehouse, and parking.

    Lot size:
    0.23 Acres

    Property Features for 311 College Ave

    General Information

    Lot size
    0.23 Acres

    Source: ERA First Advantage Realty, Inc. Agent Mark J. Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Building in Mount Vernon

    This commercial property is located on the corner of Fourth and College in Mount Vernon, Indiana. The building offers over 6,000 sq ft of space and includes a total of three parcels. Inside, there are four finished, private offices, a reception/lobby area, and one bathroom with a commode and sink. The property also features a large, open showroom/warehouse area and a two-stall wash bay with overhead doors and a utility sink. Multiple entry, exit, and overhead doors are located throughout the building. A private asphalt parking lot provides space for 90 vehicles. The property is connected to city water and sewer, has 400 amp service, and includes 4 overhead doors. The lot size is just under an acre. This property is located on the main road that runs through the heart of Mount Vernon, Indiana.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness

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

    Similar Places Nearby

    Schilli Nationa Lease

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Posey
    State
    Indiana
    Longitude
    -87.896928
    Latitude
    37.931532

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    FAQs

    What type of property is this?
    Parking lot & garage - High-visibility commercial building with showroom, warehouse, and parking.
    Where is this parking lot & garage located?
    The property is located at 311 College Ave Mount Vernon, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - High-exposure corner location on the main road in Mount Vernon, Indiana.; - Boasts over 6,000 sq ft of commercial space.; - Features a private asphalt parking lot with space for 90 vehicles.
    (812) 760-1506
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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
    311 College Ave Mount Vernon, IN 47620
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