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    OFF-MARKET
    Commercial real estate

    200 Potomac Blvd, Mount Vernon, IL 62864

    7,646 SF 1 ac lot Built 1991
    Property ID
    US28-3746063
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 200 Potomac Blvd in Mount Vernon, Illinois, presents a unique investment opportunity. The single-story, 7,646 square foot office building sits on a one-acre lot (43,560 sq ft) in a high-traffic area, boasting excellent visibility and accessibility. Situated in the primary business district at the I-64/57 and IL Rt. 15 interchange (Exit 95), this C-Class building benefits from its proximity to major transportation routes and a thriving commercial and hospitality sector serving Mount Vernon and Jefferson County. Built in 1991, the building previously housed governmental services, including offices for tourism, the chamber of commerce, and economic development. The property features 25 parking spaces and is zoned C-5 Highway Commercial, allowing for diverse redevelopment possibilities. With a high average daily traffic count of 21,800 vehicles at the signalized intersection of Potomac Blvd and Rt. 15, the property enjoys significant exposure. Nearby amenities include brand-name restaurants and hotels. The asking price is $499,000, translating to $65.26 per square foot. Detailed reports, including a professional engineering report (structural assessment and estimated reuse costs), and an environmental report (mold analysis/assessment), along with building plans, are available. This property is ideal for adaptive reuse or new commercial development. The APN is 06-26-376-004 & 006.

    Property profile
    Verified
    Property type Commercial real estate
    Year built 1991
    Total area 7,646 SF
    Lot 1 ac (43,560 SF)
    APN 06-26-376-004 & 006
    UPID US28-3746063
    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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