2501 10Th St Mount Vernon, IL 62864
This exceptional investment opportunity presents a 3-acre commercial property in Mt. Vernon, Illinois, encompassing four buildings totaling 16,769 square feet of space. The property, located at 2501 S 10TH Street, (APN: 11-05-303-016), is zoned for commercial use and offers gated access. One building features 6,476 square feet, including 2,000 square feet of finished office space with a reception area, waiting room, three offices, breakroom, storage, and restrooms. The remaining 4,476 square feet is dedicated to warehouse/storage/shop space, boasting a drive-through bay with 14-foot doors and two additional 14-foot rear entrances. A new HVAC system is installed. An adjacent 3,600-square-foot building also offers drive-through access with 12-foot doors on both east and west sides. A third building, totaling 4,300 square feet, includes heat, water, a storage room, and three pull-in bays (two with 14-foot doors and one with a 12-foot door). The remaining two buildings provide ample storage space. This property presents significant potential for various commercial ventures, situated just outside the city limits of Mt. Vernon, Illinois, and is offered at an asking price of $625,000. The property's location is 38.290449 latitude, -88.903763 longitude, and its zip code is 62864.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.