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Property profile & analytics
OFF-MARKET
Office Spaces
206 Main St Mount Vernon, IN 47620-1840
Individually Owned
9-yr Hold
Free & Clear
Property ID
US31-1371809
Property summary
AI-generated overview
This exceptional investment opportunity presents two attractive brick office buildings totaling 7,814 square feet of net rentable space, situated in the heart of Mount Vernon, Indiana's Central Business District (CBD). Located at 206 & 210 Main St, this property boasts a convenient location near the waterfront and offers seven on-site parking spaces, supplemented by ample street parking. The buildings, constructed in 1900, feature two stories and include a large elevator, adding to their functionality and appeal. The combined lot size is 0.017 acres. Currently vacant, this property presents a unique chance for redevelopment or immediate occupancy. The asking price is $552,500, translating to $70.71 per square foot. The property's APN is 65-27-08-130-071.000-018 & 65-27-08-130-072.000-018. This is a Class B property zoned for CBD use, making it ideal for a variety of commercial ventures. Don't miss this chance to acquire a significant presence in a thriving Indiana community.
Property profile
Verified
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Year built
1900
Construction
TYPE NOT SPECIFIED
Total area
3,944 SF
Lot
0.11 ac (4,792 SF)
APN
65-27-08-130-071.000-018
UPID
US31-1371809
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Kenneth J Juncker · 9 yrs held
Kenneth J Juncker
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mount Vernon submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Vernon submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$3,399
Tax year 2023
Assessed value
$113,300
Assessed 2023
Previous assessed
$113,300
+0.0% YoY
Effective rate
3.00%
On assessed value
Assessed land
$21,400
Assessed improvement
$91,900
Land market value
$21,400
Improvement market value
$91,900
Total market value
$113,300
Applied tax rate
9.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office Spaces
Use group
OFFICE (GENERAL)
Status
Off-Market
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Total area
3,944 SF
Lot
0.11 ac (4,792 SF)
APN
65-27-08-130-071.000-018
UPID
US31-1371809
Jurisdiction
POSEY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
TYPE NOT SPECIFIED
Heating
NONE
Stories
2
Lot
0.11 ac
Current owner
From public records · entity-resolved
Kenneth J Juncker
Individual
Free & Clear · 9 yrs held
Mailing address
2717 WOODSTONE LN, EVANSVILLE, IN 47712-9580
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2017
—
Kenneth J Juncker
Kenneth J Juncker
Personal Representative Deed
related
—
Aug 15, 2014
—
Kenneth J Juncker
Emily A More
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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