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    1121 Veterans Memorial Dr Mount Vernon, IL 62864

    • Specialty properties
    • 21,244 SF
    • 1.67 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1121 Veterans Memorial Dr

    Year built
    1987
    Lot size
    1.67 lot acres
    Property size
    21,244 SF
    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property in Mt. Vernon, Illinois, presents a unique investment opportunity. Located at 1121 Veterans Memorial Drive, this 1.67-acre site boasts three buildings totaling 21,244 square feet, built in 1987. The property is commercially zoned and enjoys a high-traffic location on Veterans Memorial Drive, making it ideal for a variety of businesses. The versatile space includes retail areas, offices, bathrooms, overhead doors, warehouse space, and upstairs storage. The property's diverse layout offers significant potential for various commercial uses. High visibility and convenient access ensure strong potential for success. The asking price is $549,000. Please note that an additional tax parcel, 11-05-101-021, is included. This property is ready for your vision and offers a compelling return on investment. Contact us today to schedule a showing and explore the possibilities.

    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
    JEFFERSON
    State
    Illinois
    Longitude
    -88.9049
    Latitude
    38.2995

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    1121 Veterans Memorial Dr
    Mount Vernon, IL 62864
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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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