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    1600 Broadway St Mount Vernon, IL 62864

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    For Sale
    $485,000

    Free-standing restaurant with drive-thru and kitchen infrastructure included.

    Property size:
    3,376 SF
    Lot size:
    0.86 Acres

    Property Features for 1600 Broadway St

    General Information

    Size
    3,376 SF
    Lot size
    0.86 Acres

    Source: Pace Properties Agent Ashley Krekovich

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

    Overview

    Former QSR with Drive-Thru

    This is a free-standing former quick-service restaurant with a drive-thru, situated adjacent to downtown Mount Vernon. The property includes existing kitchen infrastructure such as hoods and a walk-in cooler/freezer. It is zoned B-2 Secondary Business by the City of Mount Vernon. The property features a free-standing pylon sign and an outdoor patio to accommodate additional seating. There are 45 parking spaces available. The building size is 3,376 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Drive through restaurants

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -88.910177
    Latitude
    38.316753

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    FAQs

    What type of property is this?
    Drive through restaurant - Free-standing restaurant with drive-thru and kitchen infrastructure included.
    Where is this drive through restaurant located?
    The property is located at 1600 Broadway St Mount Vernon, IL.
    What is the asking price?
    The asking price for this property is $485,000.
    What are key features of this property?
    This property features: - Drive-thru access in a free-standing building.; - Existing kitchen infrastructure including hoods, walk-in cooler, and freezer.; - 45 parking spaces.
    (314) 785-7613
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    1600 Broadway St Mount Vernon, IL 62864
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    Mount 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

    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
    1600 Broadway St Mount Vernon, IL 62864
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