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    416 Main St Mount Vernon, IL 62864

    Sponsored
    For Sale
    $495,000

    Turnkey Restaurant, Prime Location, High Profits

    Property size:
    1,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This fully renovated 1,800 sq ft restaurant in Mt. Vernon, IL, presents a remarkable investment opportunity. Located at 416 Main Street, this established business boasts a prime location and a strong track record of profitability. Built in 1973 and completely renovated in 2023, the property includes a spacious, fully-equipped kitchen featuring two deep fryers, two ovens, a grill, refrigerator, freezer, and two walk-in coolers. The building sits on a 0.3-acre lot and is zoned B2. Beyond the interior, the property features an outdoor beer garden, covered pavilion, and outdoor bar, ideal for live entertainment and events. On-site gaming provides an additional revenue stream. All systems, including the roof, electrical, plumbing, and HVAC, have been upgraded. This turnkey operation is ready for immediate occupancy, offering a seamless transition for a new owner. The single-story building is owned by an LLC. Financial details are available upon request. This is a rare chance to acquire a thriving, established restaurant with significant upside potential.

    Property Features for 416 Main St

    General Information

    Property type
    Restaurants
    Square Feet
    1,800 SF

    Building Details

    Year Built/Renovated
    1973/2023
    Buildings
    1
    Stories
    1

    HighLights

    • $495,000 asking price for a turnkey restaurant.
    • 1,800 square foot restaurant on a 0.3‑acre lot in Mt. Vernon, IL.
    • Fully renovated in 2023, including a new roof, updated electrical and plumbing, HVAC, and kitchen appliances.
    • Features a spacious kitchen with two deep fryers, two ovens, a grill, refrigerator, freezer, and two walk‑in coolers.
    • Includes outdoor amenities such as a beer garden, covered pavilion, and outdoor bar, plus on‑site gaming.
    • Located at 416 Main Street, Mt. Vernon, IL 62864, in a B2 zoned area.
    Property Profile 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 Clothing Store Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Jefferson
    State
    Illinois
    Longitude
    -88.8962551
    Latitude
    38.3184585

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    FAQs

    What type of property is this?
    Restaurant - Turnkey Restaurant, Prime Location, High Profits
    Where is this restaurant located?
    The property is located at 416 Main St Mount Vernon, IL.
    What is the asking price?
    The asking price for this property is $495,000.
    What are key features of this property?
    This property features: $495,000 asking price for a turnkey restaurant.; 1,800 square foot restaurant on a 0.3-acre lot in Mt. Vernon, IL.; Fully renovated in 2023, including a new roof, updated electrical and plumbing, HVAC, and kitchen appliances.
    Request Owner's contact information
    416 Main 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
    416 Main St Mount Vernon, IL 62864
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