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    OFF-MARKET
    Retail properties & Spaces

    610 42Nd St, Mount Vernon, IL 62864

    65,220 SF 5 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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