1410 Salem Rd, Mount Vernon, IL 62864
This exceptional commercial flex property, located at 1410 Salem Road in Mt. Vernon, Illinois (zip code 62864), presents a unique investment opportunity. Priced at $67,500, this property features two buildings constructed in 1945, situated on a sizable lot. The main building is a single-story structure with a full basement, offering ample space for various business needs. A carport and a detached garage provide convenient parking and storage solutions. Recent upgrades include a new water line (from meter to building), a metal roof (2023), and a deck (2023). The furnace was replaced in 2022, and a newer breaker box is installed. Included appliances are a range, refrigerator, and a washer and dryer (2023). The property boasts hardwood floors under the existing carpet. While the basement has a sump pump (replaced 2022), it does experience some water around the edges; it's important to note that the basement was added after the original house construction. The property is zoned B2 Secondary Business, allowing for a variety of commercial uses. Inspections are welcome, and the property is being sold "AS IS." Detailed information is available in the provided documents. This versatile property offers significant potential for a wide range of businesses seeking a well-located, adaptable space in a thriving Illinois community.
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
Physical attributes from public recordsZoning & alternative use
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.