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    206 Main St Mount Vernon, IN 47620

    For Sale
    $552,500

    Prime CBD location, vacant, development potential.

    Property size:
    7,814 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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 Features for 206 Main St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,814 SF
    Class
    B
    Lot Size
    741 SF

    Building Details

    Year Built
    1900
    Buildings
    2
    Stories
    2

    HighLights

    • $552,500 asking price for a vacant, 7,814 square foot office building.
    • Class B, traditional office building with two buildings, two stories, and seven parking spaces.
    • Located at 206 & 210 Main St, Mt Vernon, IN 47620, in the Central Business District (CBD).
    • 0.017‑acre lot size, built in 1900, with a price per square foot of $70.71.
    • APN: 65‑27‑08‑130‑071.000‑018 & 65‑27‑08‑130‑072.000‑018.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Posey
    State
    Indiana
    Longitude
    -87.894994830397
    Latitude
    37.930554586149

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    FAQs

    What type of property is this?
    Office Property / Space - Prime CBD location, vacant, development potential.
    Where is this office property / space located?
    The property is located at 206 Main St Mount Vernon, IN.
    What is the asking price?
    The asking price for this property is $552,500.
    What are key features of this property?
    This property features: $552,500 asking price for a vacant, 7,814 square foot office building.; Class B, traditional office building with two buildings, two stories, and seven parking spaces.; Located at 206 & 210 Main St, Mt Vernon, IN 47620, in the Central Business District (CBD).
    (812) 477-6980
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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
    206 Main St Mount Vernon, IN 47620
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