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    500 Gee St Mount Vernon, IL 62864

    For Sale
    $145,000

    Spacious Warehouse, Ample Parking, 4.49 Acres

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional industrial property, located at 500 Gee Street in Mt. Vernon, Illinois, presents a significant investment opportunity. The property encompasses 4.49 acres and features two warehouse buildings, offering substantial storage and operational flexibility. The original structure, built in 1953, includes an office space, a sales area, and a warehouse equipped with an 8' x 10' overhead door. A significant addition was constructed in 1982, boasting a concrete floor, concrete block walls, two 8' x 10' overhead doors, and 12' ceilings. This newer warehouse complements the existing space, providing a versatile layout suitable for a range of industrial uses. The property also benefits from a convenient wrap-around drive, ensuring easy access and maneuverability for trucks and other vehicles. A large parking lot provides ample space for employee and customer parking. The combination of the original building and the 1982 addition, along with the generous land area and parking, makes this property ideally suited for businesses requiring significant storage capacity and convenient access in the Mt. Vernon area. The property's location in Jefferson County, Illinois, zip code 62864, offers easy access to major transportation routes. The asking price for this substantial industrial property is $145,000.

    Property Features for 500 Gee St

    General Information

    Property type
    Distribution properties

    Building Details

    Year Built
    1953
    Buildings
    1

    HighLights

    • $145,000 asking price.
    • 1953‑built industrial land with warehouse totaling 4.49 acres in Mt. Vernon, IL.
    • Features one building with office space, sales area, and warehouse space including two 8x10 overhead doors and 12' ceilings.
    • Includes a large parking lot and wrap‑around drive.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Building Supply Wholesale Shop 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
    -88.8882875
    Latitude
    38.3135324

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    FAQs

    What type of property is this?
    Distribution property - Spacious Warehouse, Ample Parking, 4.49 Acres
    Where is this distribution property located?
    The property is located at 500 Gee St Mount Vernon, IL.
    What is the asking price?
    The asking price for this property is $145,000.
    What are key features of this property?
    This property features: $145,000 asking price.; 1953-built industrial land with warehouse totaling 4.49 acres in Mt. Vernon, IL.; Features one building with office space, sales area, and warehouse space including two 8x10 overhead doors and 12' ceilings.
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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
    500 Gee St Mount Vernon, IL 62864
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