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    1331 Ohio Riv Mount Vernon, IN 47620

    • Land
    • 0.89 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1331 Ohio Riv

    Lot size
    0.89 lot acres
    Property type
    Land

    Description

    This exceptional 0.89-acre commercial lot presents a remarkable opportunity for investors and developers. Located at 1331 Ohio River Scenic Byway in Mount Vernon, Indiana (zip code 47620), this property boasts significant frontage on SR 62, offering unparalleled visibility and accessibility. The lot is zoned for commercial use, making it perfectly suited for a variety of developments, particularly drive-thru or fast-casual restaurants. The property's size and location provide ample space for construction and convenient access for customers. The APN is 65-27-09-100-025.000-018. This is a rare opportunity to acquire a strategically positioned commercial lot in a growing area. The asking price for this prime piece of real estate is $150,000. Don't miss out on this chance to secure a valuable asset with high development potential. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Vernon
    County
    Posey
    State
    Indiana
    Longitude
    -87.878
    Latitude
    37.9368

    Comparable in this City

    • Value Estimation by Request
      2.70 Acres

      Edson St

      Land • 2.70 Acres
      0 Edson St, Mount Vernon, IN 47620
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    • Value Estimation by Request
      176.22 Acres

      Indian Mound Rd

      Land • 176.22 Acres
      0 Indian Mound Rd, Mount Vernon, IN 47620
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    • Value Estimation by Request
      81.81 Acres

      Hausman Rd

      Farms • 81.81 Acres
      0 Hausman Rd, Mount Vernon, IN 47620
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    • Value Estimation by Request
      0.10 Acres

      2nd St Ofc

      INDUSTRIAL - VACANT LAND • 0.10 Acres
      2nd St Ofc, Mount Vernon, IN 47620
      View Details
    • Value Estimation by Request
      2.00 Acres

      Off Old Hwy

      INDUSTRIAL - VACANT LAND • 2.00 Acres
      Off Old Hwy, Mount Vernon, IN 47620
      View Details
    • Value Estimation by Request
      4.22 Acres

      Rail Rd

      INDUSTRIAL - VACANT LAND • 4.22 Acres
      Rail Rd, Mount Vernon, IN 47620
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Office space in the heart of downtown Mount Vernon.
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      Mount Vernon Retail Space Available

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    1331 Ohio Riv
    Mount Vernon, IN 47620
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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
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