315 9th St, Mount Vernon, IL 62864-4203
This exceptional commercial property, located at 315 S 9TH Street in Mt. Vernon, Illinois, presents a unique investment opportunity. The 1925-built structure boasts a beautifully renovated interior, showcasing exposed brick, hardwood floors, and stunning architectural details. The high ceilings and preserved character create a captivating ambiance, perfect for a variety of uses. Imagine transforming this space into a thriving retail establishment, modern office complex, or an upscale restaurant. The building's versatility is further enhanced by the inclusion of a convenient loading dock equipped with an overhead door, adding significant practical value. The property's size is as per assessor's records, and the square footage is based on a recent appraisal. This offering is priced below appraised value, representing a compelling investment opportunity in the heart of Mt. Vernon. The property is situated in Jefferson County, Illinois, with a zip code of 62864. This is a truly one-of-a-kind building in this area, offering a blend of historical charm and modern functionality. Don't miss this chance to own a piece of Mt. Vernon's rich history and vibrant future.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.