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311 W College Ave 6,873 SF Vacant Retail Building Mount Vernon, IN 47620 $850,000 ($123.67/SF)

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EXECUTIVE SUMMARY

You can't beat this commercial property, located in Posey County, and its prime location!! Situated on the corner of Fourth and College, this commercial building offers over 6,000 sq ft + of space, a high exposure location, ,and includes a total of three parcels. Inside you will find four finished, private offices, a nice, functional reception/lobby area, one bathroom (featuring a commode and sink), an incredible, large, open showroom/warehouse area, two stall wash bay with over head doors, utility sink, multiple entry, exit, and overhead doors throughout, and last but not least, a private asphalt parking lot with room for 90 vehicles! Property is connected to City water and sewer, lot size is just under an acre in total, has 400 amp service, and 4 overhead doors! If you are looking for that perfect location to move to or start your business ,with extremely high visibility, and is located on the main road that runs right through the heart of Mount Vernon, Indiana, then this property is it! Seller reserves the car lift.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Auto Repair
Building Size
6,873 SF
Building Class
C
Year Built/Renovated
1936/2005
Price
$850,000
Price Per SF
$123.67
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
0.51 AC
Zoning
Commercial
Parking
25 Spaces (3.64 Spaces per 1,000 SF Leased)

MAJOR TENANTS

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE END
  • Expressway Chrysler Jeep Dodge
  • Retailer
  • -
  • -
  • -
  • Mount Vernon Fire Department
  • Public Administration
  • -
  • -
  • -
TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE END
Expressway Chrysler Jeep Dodge Retailer - - -
Mount Vernon Fire Department Public Administration - - -

NEARBY MAJOR RETAILERS

Fifth Third Bank
Old National Bank
Scooter's Coffee
IGA

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
65-27-08-130-006.000-018
Land Assessment
$42,100
Improvements Assessment
$55,000
Total Assessment
$97,100
  • Listing ID: 35489125

  • Date on Market: 4/15/2025

  • Last Updated:

  • Address: 311 W College Ave, Mount Vernon, IN 47620

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