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    OFF-MARKET
    Flex space

    1410 Salem Rd, Mount Vernon, IL 62864

    Built 1945
    Property ID
    US28-3588665
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Flex space
    Year built 1945
    UPID US28-3588665
    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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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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