Property profile

610 42Nd St Mount Vernon, IL 62864

OFF-MARKET
Retail properties & Spaces
65,220 SF 5 ac lot
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Property summary

AI-generated overview

Located in Mt. Vernon, Illinois, 42nd Street Plaza offers a 4,360 square foot traditional office space for lease within a larger 65,220 square foot building. This single-story building, renovated in 2020, sits on 5 acres of land and includes 150 parking spaces. The space is part of a multi-tenant building with 13 total suites, offering a vibrant business community. The property boasts a new Durolast roof, updated façade, new pylon signage, a resurfaced parking lot, and energy-efficient LED exterior lighting. Located at 610 S 42nd St, 62864, this property benefits from increased traffic due to a new highway exit, proximity to a new SSM hospital, Menards, and other new developments. Current tenants include established businesses such as SSM Healthcare, Dollar General, and others. The property features 3-phase power and Jefferson County taxes are $1.35 per square foot. The minimum divisible space is 4,360 square feet, with a maximum contiguous space of 4,360 square feet currently available. This exceptional location provides high visibility and easy access to a large customer base. This is an excellent opportunity to establish or expand your business in a thriving commercial center.

Property profile

Verified
Property type Retail properties & Spaces
Total area 65,220 SF
Lot 5 ac (217,800 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

610 42Nd St Mount Vernon, IL 62864
Mount Vernon metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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