Share This Listing

Message

967 characters remaining

Hmm, there seems to have been an error sending your message. Please try again.

Your email has been sent.

522 Main St
Mount Vernon, IL 62864
Retail Property For Sale

Save this listing!

Favourite this listing to get notified of price updates, new media and more

INVESTMENT HIGHLIGHTS

  • Single-tenant, absolute NNN structure for minimal landlord responsibility
  • Over $330 million in deposits at the Mount Vernon branch
  • Offered at $3,100,000 with a 6.07% cap rate
  • Lease guaranteed by a $2 billion bank with strong financial backing
  • Long-term lease with renewal options through 2059

EXECUTIVE SUMMARY

522 Main Street in Mount Vernon presents a rare opportunity to acquire a single-tenant, absolute NNN bank property backed by a $2 billion financial institution. This investment offers exceptional stability with a long-term lease and renewal options extending through October 2059, ensuring decades of predictable income. The branch boasts over $330 million in deposits, underscoring its strong market presence and customer loyalty. Strategically located in a vibrant community with an average household income exceeding $70,000 within a 3-mile radius, the property benefits from excellent demographics and accessibility. Features include three drive-thru bays, an ATM, and modern banking infrastructure designed for operational efficiency and customer convenience. Offered at $3,100,000 with a 6.07% cap rate, this asset combines secure tenancy, prime location, and enduring value—ideal for investors seeking a low-maintenance, income-producing property in a growing market.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
1,546 SF
Building Class
B
Year Built
2008
Price
$4,239,374 CAD
Price Per SF
$2,742.16 CAD
Cap Rate
6.07%
NOI
$257,330 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.97 AC
Opportunity Zone
Yes
Zoning
B-2 - Secondary Business
Parking
38 Spaces (10 Spaces per 1,000 SF Leased)

AMENITIES

  • Banking

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-29-337-015
Land Assessment
$47,626 CAD
Improvements Assessment
$421,098 CAD
Total Assessment
$468,724 CAD
  • Listing ID: 38831885

  • Date on Market: 2025-12-19

  • Last Updated:

  • Address: 522 Main St, Mount Vernon, IL 62864

Link copied
Your LoopNet account has been created!

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, "rating") }}
255 character limit ({{ remainingChars() }} charactercharacters remainingover)
{{ getErrorText(feedbackForm.msg, "rating") }}
{{ getErrorText(feedbackForm.fname, "first name") }}
{{ getErrorText(feedbackForm.lname, "last name") }}
{{ getErrorText(feedbackForm.phone, "phone number") }}
{{ getErrorText(feedbackForm.phonex, "phone extension") }}
{{ getErrorText(feedbackForm.email, "email address") }}