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1318 Salem Road , Mount Vernon, IL 62864.
Excellent opportunity to own a 23,440-square-foot commercial warehouse in a high-traffic location on the north side of Mt. Vernon! This versatile property offers a great combination of existing rental income and room for additional business or investment opportunities. The front portion of the building is currently leased to a bar, while the middle section is occupied by a gym, leaving approximately 7,000 square feet available for an owner to occupy or lease for additional income. Upstairs, you'll find approximately 5,000 square feet of office space, providing even more flexibility for a variety of uses. The building is equipped with three-phase electrical service, central heating and air conditioning throughout most of the facility, and four drive-in doors. Two of the doors measure 12' wide by 14' high, while the additional doors measure 8' x 10' and 8' x 8', making the property well-suited for warehousing, distribution, storage, or other commercial operations. Location is another great feature, with convenient access and excellent exposure along a well-traveled road. According to IDOT, the average annual daily traffic count is approximately 5,850 vehicles. Whether you're an investor looking to expand your commercial portfolio or a business owner wanting space to operate while collecting rental income, this property offers plenty of possibilities. With its substantial square footage, established tenants, and additional space available, this is an opportunity worth exploring!
MLS ID: 12800639
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1318 Salem Road , Mount Vernon, IL 62864.

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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $599,000 | $599,000 | $599,000 |
| Down Payment | $119,800 | $20,965 | $149,750 |
| Monthly Mortgage Amount | $3,108 | $3,815 | $3,852 |
| Taxes | $834 | $834 | $834 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $264 | $0 |
| Monthly Estimated Total | $4,117 | $5,088 | $4,861 |
Mount Vernon is located in Linn County, Iowa. This vibrant town of 4,500 is a college community with – in the words of Budget Travel Magazine – “great coffee, food with character, and shop owners with purpose.” Cornell College, a liberal arts institution with 1,200 students, sits at the center of town. With parks, small businesses, and historical sites, Mount Vernon is a great place to call home.
Ruhl&Ruhl Realtors has homes for sale in Mount Vernon, IA for you to choose from. Continue browsing this page to see all houses for sale and real estate options in Mount Vernon, Iowa. Mount Vernon is located in the Cedar Rapids area, within Linn County, IA. For more real estate options, view homes for sale in the Cedar Rapid’s area.
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Nearest Ruhl&Ruhl Office
5805 Council St. NE, Suite A
Cedar Rapids, IA 52402
Phone Number: (563) 441-1776
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