Dark Former Steak 'n Shake

130 N 44th St, Mount Vernon, IL 62864

Property Information

  • For Sale $1,204,167
  • Property Type Retail - Street Retail
  • Property Size 4,190 SF
  • Lot Size 0.93 Acre
  • Property Tenancy Single Tenant
  • Year Built 2017
  • Date Updated Jul 29, 2026

Description

The property is located at 130 North 44th Street in Mount Vernon, Illinois, within the city’s primary retail corridor and just east of the highly trafficked Interstate 57 and Interstate 64 interchange. This strategic position provides excellent regional access and visibility, with strong traffic counts along both the interstate and State Route 15. The surrounding area is anchored by a dense mix of national retailers, restaurants, hotels, and service providers, driving consistent activity throughout the day. As the Jefferson County seat, Mount Vernon serves as a regional hub for commerce, healthcare, education, and employment, supporting a stable and diverse consumer base.Former 4,190 SF Steak ’n Shake restaurant on 0.93 acres in Mount Vernon’s primary retail corridor. The building has existing drive-thru infrastructure, restaurant improvements, ample parking, and strong visibility from major thoroughfares. The asset is currently dark, but the tenant continues to pay under an Absolute NNN lease at $85,000 annually until April 29, 2030, with two five-year renewal options remaining. Ideal for an owner-user seeking a turnkey conversion or an investor pursuing re-tenanting, buyout, or repositioning upside.

Highlights

  • 4,190 SF modern building
  • Constructed in 2017
  • Full occupancy at 100%
  • Prime location in Mount Vernon
  • Zoned B-3

Contacts

Location

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