$178,000

2801 Broadway

Mt Vernon IL, 62864

Description

This is an opportunity waiting to happen on many levels. A location that is just about as prime as you can get, with average daily traffic count estimated at approximately 21,000 by IDOT. The property is for sale and there are units available for lease. Over 4,600 square feet in space that is currently divided into four individual units. The parking lot accommodates approximately 25 vehicles and is well-lit at night for security. The building will have a new roof installed in April 2020 and interior improvements in some units will follow. Built in 1980 the one-story frame structure sits mainly over crawl space with an unfinished basement at the east end. A long-term tenant occupies about 2,000 sq ft currently and could remain as an income source for a new owner. The units available for lease are (A) 1,000 sq ft for $700/month; (B) 750 sq ft for $500/month and (D) 700 sq ft for $450/month. The owner pays for water; garbage and exterior maintenance.

Details

MLS#EB432861
Listing TypeFor Sale
StyleIQWeb_Office Bldg
Sub-TypeResale
StatusActive
Year1980
Days On Site181

Features

ZoningB2

Additional Information

Tax Exemption0
Tax Year2018
Approximate Taxes11826

Market Activity 62864

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Area Information
StateIL
CityMt Vernon
Zip Code62864
CountyEBOR Area
Listing VS Median (in 62864)
Price:
$178,000
low | high
Med:
$106,200
90.337078651685% of Average
On Site:
181
low | high
Med:
115.5
100% of Average
Nearby Listings (Within 1/2 mile)
Price: $0 - $0
SqFt: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2419 BROADWAY Property Photo - Mt Vernon, IL real estate listing
$0
2419 Broadway
Mt Vernon, IL 62864
3307 BROADWAY #150 Property Photo - Mt Vernon, IL real estate listing
$0
3307 Broadway #150
Mt Vernon, IL 62864
Listing Updated: 08/13/2020
BRIAN WOOD LogoMLS Number: EB432861
Listing Provided By:
BRIAN WOOD  of  CROSS DAVIDSON REAL ESTATE

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