Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    815-4 Broadway St Mount Vernon, IL 62864

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Updated Mt. Vernon office, 149 sq ft, parking included.

    Lot size:
    149 SF

    Property Features for 815-4 Broadway St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    149 SF

    Building Details

    Buildings
    1

    Spaces For Lease

    at 815-4 Broadway St, Mount Vernon, IL 62864 Contact us
    Unit 4

    $32 /Mo

    Size
    149 SF
    Contact us

    We can help!

    Listing Contact
    Cynthia Bevis
    Cynthia Bevis

    Listing Agency: King City Property Brokers Listing Agent: Cynthia Bevis

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

    Learn more

    Overview

    This exceptional commercial property at 815-4 Broadway Street in Mt. Vernon, Illinois (APN 0729380002) offers a single-tenant, 149-square-foot office space ideal for a small business. The building, zoned for business use, includes one parking space. The updated space is available for $400 per month, which includes all utilities except telephone and internet. The property features convenient common areas, including a conference room, kitchen, break room, and restroom. This is a single-building property with a single suite. The property is situated in Mt. Vernon, IL, 62864, offering excellent visibility and signage opportunities. This is a rare opportunity to secure a fully-equipped, affordable office space with included parking in a desirable location. Don't miss this chance to establish your business in this updated and well-maintained space.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Jefferson
    State
    Illinois
    Longitude
    -88.9013
    Latitude
    38.316923

    Nearby Similar for Lease

    • Contact for pricing
      1,500 SF

      Retail Center Shadow Anchored

      Retail space available in shadow-anchored shopping center.
      101 Davidson Rd, Mount Vernon, IL 62864
      View Details
    • Contact for pricing
      3,430 SF

      Retail Space Near Kroger

      Retail space available in high-traffic shopping center anchored by Kroger.
      415 S 42Nd St, Mount Vernon, IL 62864
      View Details
    • Contact for pricing
      1,378 SF

      Mt. Vernon Medical Office Space

      Class A, 1,378 sq ft available
      2 Good Samaritan Way, Mount Vernon, IL 62864
      View Details
    • Contact for pricing
      9,040 SF

      Mount Vernon Retail Space Available

      Prime Retail Space, 2,000-7,040 SF
      2629 Broadway St, Mount Vernon, IL 62864
      View Details
    • Contact for pricing
      6,415 SF

      King City Square Retail Space

      Prime Mount Vernon Retail, 6,415 SF Available
      400-423 42Nd St, Mount Vernon, IL 62864
      View Details
    • $10 SF/Yr
      65,220 SF

      42nd Street Plaza Office Space

      Prime Mt. Vernon Office, 4,360 SF Available
      610 42Nd St, Mount Vernon, IL 62864
      View Details
    • Contact for pricing
      17,091 SF

      Times Square Mall Retail Spaces

      Prime Mt. Vernon retail space available.
      0 42Nd St, Mount Vernon, IL 62864
      View Details

    FAQs

    What type of property is this?
    Retail property - Updated Mt. Vernon office, 149 sq ft, parking included.
    Where is this retail property located?
    The property is located at 815-4 Broadway St Mount Vernon, IL.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 149-square-foot office space in Mt. Vernon, IL, ideal for a small business.; Located at 815-4 Broadway Street (APN 0729380002), zoned for business use.; $400/month rent includes all utilities except phone and internet; one parking space included.
    (618) 315-0392 Call to check price and availability
    Request Owner's contact information
    815-4 Broadway St 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.
    815-4 Broadway St
    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 Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    815-4 Broadway St 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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Cynthia Bevis
    Cynthia Bevis
    Real Estate License ID: 471001077
    (618) 315-0392 (618) 316-7331
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!