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$400,000
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Property Description
**Income-Producing Commercial Property - For Sale or Lease** Excellent opportunity to own an income-producing commercial property with **two-year leases currently in place**, generating **over $1,500 per month** in rental income. Whether you're an investor looking for steady cash flow or a business owner seeking room to expand, this versatile property offers flexibility and growth potential. The property is fully secured with fencing and a gated key-code entry system and includes office space, multiple shop buildings, and additional storage bays. **Building A** features approximately 3,500 sq. ft. of office space, 1,500 sq. ft. of shop space, and 1,000 sq. ft. of upstairs storage. The office layout includes a reception area, waiting room, breakroom, large conference room, five private offices, and two restrooms. Currently empty **Building B** offers approximately 4,500 sq. ft. of heated and insulated shop space with two 14' overhead doors and one 10' overhead door. $750/mo 2 year lease **Building C** provides approximately 3,600 sq. ft. of heated and insulated shop space with water access. $750/mo 2 year lease Additionally, the property includes **19 storage bays**, creating further income potential or additional operational space. Several are rented at $75/mo This unique commercial property offers multiple revenue streams, expansion opportunities, and flexible use options. Property is also available for lease with various configuration options.
Full Property Details
Full Property Details for 1300 George St
General
- Price: $400,000
- Taxes: $6,886 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: EB450329
- Updated: 3/7/2026
- Added to Site: 955 day(s) ago
Interior
- Flooring: Concrete, Other
Location
- Area: Mt Vernon
- County: Jefferson
- Driving Directions: From State HWY 37 turn East on George Street. Property is on the North side of George Street
- Location Details: Out of Area
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Other
Utilities
- Onsite: Water Available
Structural Information
- Construction: Aluminum Siding, Frame
- Exterior Const.: Aluminum Siding, Frame
- Roof: Metal
- Drive-In Doors: 2
- # Loading Docks: 2
- Sub-Flooring: Concrete, Other
- Stories/Levels: 1
- Square Feet: 13,100
- Year Built: 1960
- Built Before 1978: Yes
Unit Information
- # Tenants: 2
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Acres): 1.93
- Lot Size (Sq. Ft.): 84,224
- Lot Dimensions: 376 x 224
- Frontage: City Street
- Potential Use: Other, Office
- Zoning: comme
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Operating Expenses: $6,886
- Assessment Year: 1960
- Tax Amount: $6,886
- Tax Year: 2024
- Tenant Pays: All Utilities
Disclosures and Reports
- Documents Avail.: Aerial Map
- Property ID: 719476025
Listed by Quinn Realty and Property Management Group
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Schools
Schools serving 1300 George St
| Name | Grades | Distance |
|---|---|---|
DR Nick Osborne Primary Center 401 North 30th Street, Mount Vernon, IL 62864 | K-3 | 1.4 mi |
J L Buford Intermediate Ed Center 623 South 34th Street, Mount Vernon, IL 62864 | 4-5 | 2.1 mi |
Zadok Casey Middle School 1829 Broadway Street, Mount Vernon, IL 62864 | 6-8 | 1.2 mi |
Mount Vernon High School 11101 North Wells Bypass Road, Mount Vernon, IL 62864 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1300 George St
Date
Details
Price
Change
Source
3/01/2026
Price Reduced
$400,000
-11.11%
MLS
8/23/2023
Listed
$450,000
157.14%
MLS
4/26/2019
Sold
$175,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1300 George St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$447
4%
$5,954
8%
2022
$431
5%
$5,496
14%
2021
$411
—
$4,821
5%
2021
$411
—
$4,591
7%
2020
$411
1%
$4,290
—
2019
$405
6%
$4,290
—
2016
$381
23%
$4,290
—
2009
$309
—
$4,290
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1300 George St
1300 George Street, Mt Vernon, IL 62864 (MLS# EB450329) is a Commercial property. 1300 George Street is currently listed for $400,000 and was received on August 23, 2023. Want to learn more about 1300 George Street? Do you have questions about finding other Commercial real estate for sale in Mt Vernon? You can browse all Mt Vernon real estate or contact a Coldwell Banker agent to request more information.
