NOT LISTED FOR SALE

3404 Broadway St Mount Vernon, IL 62864

-- Bed
-- Bath
83,140 Sq Ft
8.94 Acres

Last Sold February 18, 2021

Last sale price $895,000 $11 Per Sq Ft

130 Days on Market

About This Home

As of February 2021

Location, location, location. Centrally located, perfect for your expanding business, this former K-Mart is just 3/4 mile east of the Crossroads of America interstate system - I 64 and I 57 interchange. Over 600' of road frontage at the corner of Broadway and 34th Street. The building sits on 8.94 acres and has over 385 parking spaces, including 7 Handicap spaces. Large, open retail space, and finished work space in the rear. Upstairs is a warehouse area for additional product or storage. Fenced outdoor area, loading dock, and 7 outdoor entrances/overhead doors for plenty of access. Age of the building and accuracy of information is based on seller's knowledge. Buyer to verify all information. Aldi is not included in this sale. This truly is the perfect location for your business in Mt. Vernon. Call for an appointment today.

Last Agent to Sell the Property

ROBIN S. GELFIUS

Robin S. Gelfius License #471020023 Listed on: 05/31/2020

Co-Listed By

ALLISON MARTYCHENKO

RE/MAX Realty Central License #n/a

Last Buyer's Agent

Non-Member Non-Member

Non-Member

Property Details

Property Type

  • Other

Year Built

  • Built in 1988

Lot Details

  • 8.94

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail, Warehouse
  • Lvt Date: 06/02/2020
  • Year Built: 1988
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete, Carpeted, Tile/Vinyl
  • Maximum Ceiling Ht Feet: 17
  • Maximum Ceiling Ht Inch: 204
  • Min Ceiling Ht Feet: 12
  • Min Ceiling Ht Inches: 144
  • Other Access: None
  • Total Building Sq Ft: 85102

Exterior Features

  • Exterior Finish: Brick, Concrete
  • Frontage Access: City Street, Paved 4Lane, State Road
  • Insulation: Side Walls
  • Roof Construction: Asphalt/Fiberglass, Other Roof Construction
  • Wall Construction: Block, Frame

Garage/Parking

  • Numberparking Spaces Allocated: 385

Utilities

  • Electric Company: Ameren
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Sprinkler: Yes
  • Water Supply: City on Premises
  • Gas Company: Ameren
  • Water Company: Mt. Vernon City

Lot Info

  • Estimated Number of Acres: 8.94
  • Zoning: Commercial
  • Estimated Land Size: 182x190x181x205x267x600
  • Geo Subdivision: IL
  • Irregular Lot: No

Rental Info

  • Lease Type: Gross
  • Sale Lease Includes: Building, Land, Sale/Lease Other
  • Tenant Pays: All
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 66040
  • Parcel Id Number Tax Id: 06-25-377-025
  • Tax Incentive: None
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Ajm Llc
Bought by
Broadway Mt Vernon Llc

Purchase Details

Listed on
May 31, 2020
Closed on
Feb 15, 2021
Sold by
Iligroup Inc
Bought by
Ajm Llc Mt Vernon 2
Seller's Agent
ROBIN S. GELFIUS
Robin S. Gelfius
Buyer's Agent
Non-Member Non-Member
Non-Member
List Price
$1,500,000
Sold Price
$895,000
Premium/Discount to List
-$605,000
-40.33%
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Broadway Mt Vernon Llc $250,000 None Available
Ajm Llc Mt Vernon 2 $895,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2021 02/18/21 Sold $895,000 -40.3% $11 / Sq Ft
10/08/2020 10/08/20 Pending -- -- --
05/31/2020 05/31/20 For Sale $1,500,000 -- $18 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2020 $67,375 $674,084 $110,182 $563,902
2019 $66,591 $674,084 $110,182 $563,902
2018 $66,040 $674,084 $110,182 $563,902
2017 $64,069 $674,084 $110,182 $563,902
2016 $63,366 $674,084 $110,182 $563,902
2015 $62,074 $674,084 $110,182 $563,902
2014 $53,583 $674,084 $110,182 $563,902
2013 $53,583 $667,410 $109,091 $558,319
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2021

    ROBIN S. GELFIUS

    Robin S. Gelfius

  • A

    Seller Co-Listing Agent in 2021

    ALLISON MARTYCHENKO

    RE/MAX

  • N

    Buyer's Agent in 2021

    Non-Member Non-Member

    Non-Member

See All Agents

Map

Source: RMLS Alliance

MLS Number: RMAEB434463

RMLS Alliance

APN: 06-25-377-025

Illinois Jefferson County Mount Vernon 62864

3404 Broadway St, Mount Vernon, IL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

RMLS Alliance IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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