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Country Home Lot with Covenants
For Sale
$40,000

Tract 3 North Mcdermott Lane, Mount Vernon, IL 62864

5-acre residential lot located just north of Mt. Vernon with restrictive covenants in place.

Property SizeContact for details
Lot Size5.00 Acres
Days on Market2367

Property Features for Tract 3 North Mcdermott Lane

General Information

Standard status Active
Lot size 5.00 Acres
Property subtype Land / Land
Zoning Resid
Listing Agency: M. G. FOLEY INC
Listed By: MYRON FOLEY · License #471001968
Source: Compass
Added: Feb 17, 2020 Changed: Aug 8 Last Checked: Mar 25 at 6:54PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of M. G. FOLEY INC

Investment Insights

Based on property information with market context.

This residential land parcel is offered as Tract 3 and includes approximately 5 acres (m/l). The property is intended for building a home and is subject to restrictive covenants.

The lot is located just north of Mt. Vernon, with a convenient setting described as minutes from town.

All prospective buyers should review the restrictive covenants prior to planning or permitting a home on the site.

Key Highlights

  • 5‑acre (m/l) residential lot just north of Mt. Vernon
  • Restrictive covenants in place
  • Convenient location just minutes from town

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Auto Repair Shop Daycare Center Hotel & Motel

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4
Businesses Nearby

Demographics for 62864, IL

23,327
Population
11,105
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
94%
High-School Grad
143.0 sq mi
ZIP Area
163
Density / Sq Mi
$58,082
Median Household Income
$36,440
Median Earnings
$882
Median Rent
$117,600
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential land & home lot - 5-acre residential lot located just north of Mt. Vernon with restrictive covenants in place.
Where is this residential land & home lot located?
The property is located at Tract 3 North Mcdermott Lane Mount Vernon, IL.
What is the asking price?
The asking price for this property is $40,000.
What are key features of this property?
This property features: 5‑acre (m/l) residential lot just north of Mt. Vernon; Restrictive covenants in place; Convenient location just minutes from town
More about this property
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