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4140 Broadway St 2,400 SF Office Building Mount Vernon, IL 62864 $250,000 ($104.17/SF)

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INVESTMENT HIGHLIGHTS

  • High traffic at main intersection of 42nd and Broadway in Mt. Vernon, IL

EXECUTIVE SUMMARY

Location couldn't get much better than this corner lot at Broadway and 42nd Street. The one-story office building over a walk-out basement has total square footage of approximately 2,400. Significant updates were made on the main level in 2018 including: new LED lighting, paint, flooring and fixtures. There is an open common area with reception desk and room for numerous workstations and waiting area. Two conference rooms flank the entry and are accented by glass block windows at the corners. The remaining five rooms on the main level are large enough to serve as private offices, multi-workstation space, file and/or copy room, additional conference rooms or whatever you choose. There is a kitchen/break room at the back with a mini-kitchenette for employees to grab some time away. One unisex bathroom serves the main level. The basement has four spaces that have previously been leased or used by the Seller and could provide income. There are two bathrooms for the basement. The building has dual-zone HVAC, one for each level. The basement walks-out to the rear parking lot where approximately 15 parking spaces are dedicated to the building. Another 7 parking spaces are along the east side and 4 in front. This has been a convenient, comfortable and easily accessible location for the Sellers for approx. 40 years. Make it yours for another forty or more.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,400 SF
Building Class
C
Year Built
1969
Price
$250,000
Price Per SF
$104.17
Tenancy
Single
Building Height
1 Story
Typical Floor Size
2,400 SF
Building FAR
0.13
Lot Size
0.41 AC
Zoning
B-2
Parking
14 Spaces (5.83 Spaces per 1,000 SF Leased)

AMENITIES

  • Kitchen
  • Basement
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
06-25-351-030
Land Assessment
$64,156
Improvements Assessment
$47,773
Total Assessment
$111,929
  • Listing ID: 31961828

  • Date on Market: 5/30/2024

  • Last Updated:

  • Address: 4140 Broadway St, Mount Vernon, IL 62864

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