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    OFF-MARKET
    Distribution centers

    9221 Il Highway 15, Mount Vernon, IL 62864

    Built 1954
    Property ID
    US28-4531331
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 9221 E IL Hwy 15 in Mt. Vernon, Illinois (zip code 62864), presents a unique investment opportunity. The 0.93-acre lot boasts a prime location in the Enterprise Zone, eliminating taxes on building materials. Situated outside city limits, it avoids building permit fees. Zoned B2, this property is ready for immediate development. The corner parcel includes two lots and offers convenient access via E IL Hwy 15 and N Sparrow Lane. Its strategic location is west of Walmart and Lowe's, and across from RP Lumber. The property features five buildings: a main 3,000 sq ft warehouse (built 2006) with 3 man doors, a 14' ceiling, 200-amp electrical service, water, natural gas, one window AC unit, one Reznor wall heating unit, and a half-bathroom; three 8ft overhead doors (two rear garage doors); a 10 x 40 lean-to (built 2016); two 30 x 30 attached garages with 15' ceilings (built 2016); and a 3-sided barn (built 2018). Also included are an 8 x 12 garden shed and a 12 x 20 shed with an overhead door. An existing home on the property is sold "as is" with no value assigned due to suspected mold. The asking price for this versatile property is $350,000.

    Property profile
    Verified
    Property type Distribution centers
    Year built 1954
    UPID US28-4531331
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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