Property profile

200 Potomac Blvd Mount Vernon, IL 62864

OFF-MARKET
Office Spaces
Property ID
US28-3746063
7,646 SF 1 ac lot Built 1991
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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 Office Spaces
Year built 1991
Total area 7,646 SF
Lot 1 ac (43,560 SF)
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

Location

200 Potomac Blvd Mount Vernon, IL 62864
Mount Vernon metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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