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307 Main St Mount Vernon, IN 47620-1841

OFF-MARKET Commercial real estate Google Maps
4,158 SF 0.06 ac lot Built 1900
Entity Owned 1-yr Hold ~ Est. High Equity
Estimated value (blended)
$240k
Range $216k – $264k (±10%)
Property ID US31-1841030

Property summary

AI-generated overview

This exceptional commercial property, located at 307 Main Street in Mount Vernon, Indiana, 47620, presents a significant investment opportunity. The two-story building offers a total of 2,772 square feet of space, with 1386 square feet on each level. Previously used as a law office, this versatile space is adaptable to a variety of commercial uses. Its prime location on Main Street, directly across from the courthouse, ensures high visibility and accessibility. The property also benefits from convenient alley access. The building's solid construction and desirable location make it an attractive prospect for investors seeking a strong return. An inspection is available on Tuesday, November 26th, from 1-2 PM CT and again on Tuesday, December 3rd, from 1-2 PM CT. This property is being sold as part of an online auction on December 3rd at 5:30 PM CT. This is a rare opportunity to acquire a well-situated commercial building in a thriving Indiana community. The property is owned by the Estate of William Gooden. All announcements made on the day of the auction supersede any prior information.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1900
Construction WOOD
Total area 4,158 SF
Lot 0.06 ac (2,614 SF)
APN 65-27-08-130-020.001-018
UPID US31-1841030

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2024
2 recorded transactions
2026
Price N/A
2024
$33,500

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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