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    10301 Old Highway 62 East Mount Vernon, IN 47620

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    For Sale
    $109,000

    Restaurant property with highway frontage and development potential.

    Property size:
    4,384 SF
    Lot size:
    2.13 Acres

    Property Features for 10301 Old Highway 62 East

    General Information

    Size
    4,384 SF
    Lot size
    2.13 Acres

    Source: Keller Williams Commercial Agent Charlie Butler

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

    Overview

    Highway Frontage Restaurant Opportunity

    This property, formerly a restaurant, offers 4,384 square feet of space with a basement on 2.13 acres. It features highway frontage along Highway 62. Originally constructed in 1940, the building includes newer HVAC and single panel electric. An Environmental Phase 1 assessment has been completed and is available for review. The site is suitable for development and could accommodate a small business with storage requirements.
    Insight Report Location Intelligence

    Current Use by Public Records

    Restaurants

    Suggested Use

    Storage Facility Bar & Pub Electrical Service Arcade & Gaming Center Pet Supply Store Parking Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Posey
    State
    Indiana
    Longitude
    -87.729651
    Latitude
    37.941955

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    FAQs

    What type of property is this?
    Restaurant - Restaurant property with highway frontage and development potential.
    Where is this restaurant located?
    The property is located at 10301 Old Highway 62 East Mount Vernon, IN.
    What is the asking price?
    The asking price for this property is $109,000.
    What are key features of this property?
    This property features: - Excellent highway frontage on Highway 62.; - 2.13 acres of land ready for development.; - Building size: 4,384 square feet plus a basement.
    (812) 499-7758
    Request Owner's contact information
    10301 Old Highway 62 East Mount Vernon, IN 47620
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    Mount Vernon, IN 47620
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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
    10301 Old Highway 62 East Mount Vernon, IN 47620
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