2801 BROADWAY Street Mt Vernon IL 62864

2801 BROADWAY Street Mt Vernon IL 62864
$ 169,000
  • Date added: 04/12/21
  • Post Updated: 2021-04-12 18:34:42
  • Type:
  • Status:
  • Year built: 1980
  • MLS #: EB432861

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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. 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. Update: All the units are leased and can provide immediate income (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.

Location Details

  • County: Jefferson
  • Directions to Property: Broadway to 28th St, property on corner
  • Area/Tract: EBOR Area
  • Zoning: B2
  • LOCATION: Other Location

Property Details

  • Sale/Rent: For Sale
  • Lot Dimensions: 141'x147'x150'x144'
  • Short Sale: No
  • For Sale: Yes
  • For Lease: Yes
  • Lease Type: Net
  • TERMS/LEASE: Yearly,3 Years,4 Years,5 Years
  • # of Buildings: 1
  • Approx . # of Acres: 0.25
  • Total Bldg SqFt: 4608
  • Available SqFt: 4608

Property Features

  • FRONTAGE/ACCESS: Paved 4Lane,Corner Lot,City Street
  • HEATING: Electric,Heat Pump
  • COOLING: Central Air
  • FLOORING: Tile/Vinyl,Carpeted
  • ROOF CONSTRUCTION: Asphalt/Fiberglass
  • EXTERIOR FINISH: Brick,Stone
  • SEWER SOURCE: Public Sewer
  • BUILDING DESCRIPTION: Free Standing,Multi-Tenant,1 Story,Basement

Fees & Taxes

  • Tax Year: 2019
  • Annual Taxes: $ 11,925


  • POSSIBLE FINANCING: Cash,Conventional,Negotiable,Other Poss Financing

This style property is located in is currently and has been listed on Somer Real Estate. This property is listed at $ 169,000. It has bedrooms, bathrooms, and is . The property was built in 1980 year.