Wells Byp Mount Vernon, IL 62864
- Land
- 77.60 lot acres
Current Use by Public Records
- Land
Property Details for 0 Wells Byp
- Lot size
- 77.60 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 77.6-acre industrial land parcel presents a remarkable investment opportunity in Mount Vernon, Illinois. Strategically located at the intersection of Wells Bypass and Ambassador Road, this property boasts high visibility and accessibility. The land is zoned for industrial use, offering flexibility for a variety of development projects. Its prime location within an established Tax Increment Financing (TIF) District and Enterprise Zone provides significant economic incentives. The area is already home to major retailers such as Walmart, Lowe's, Kohl's, Staples, and Menards, ensuring high traffic and consumer visibility. This site is ideal for mixed-use development, potentially incorporating both retail and residential components. The asking price is $2,500,000, translating to a land value of $0.74 per square foot. The property's APN is 10-02-400-001. Further development potential exists through assemblage with adjacent lots. This is a rare opportunity to acquire a substantial tract of land in a thriving commercial area with significant growth potential. Don't miss this chance to secure a prime location for your next project.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Jefferson
- State
- Illinois
- Longitude
- -88.9515
- Latitude
- 38.3067
