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    OFF-MARKET
    Retail properties & Spaces

    0 Wells Byp, Mount Vernon, IL 62864

    1 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses two adjacent parcels totaling approximately 12 and 13 acres, both divisible, situated in Mount Vernon, Illinois. Located at the intersection of Wells Bypass and Veterans Memorial Parkway, this property boasts unparalleled visibility and accessibility, with direct access to I-57 and I-64. The site benefits from its location within an established Tax Increment Financing (TIF) District and Enterprise Zone, offering potential public incentives. Zoned for commercial use, this land is perfectly suited for retail, hospitality, or convenience store development. Surrounding the property are numerous established businesses, including Walmart, Kohl's, Menards, Lowe's, Staples, and SSM Good Samaritan Hospital, ensuring high traffic and strong consumer demographics. The City of Mount Vernon has recently added a new traffic signal and sidewalk at the intersection, further enhancing the property's value. Utilities are readily available. This location is strategically positioned near a major freight hub and serves a population exceeding 100 million within a 500-mile radius. The property's proximity to a new high school and the hospital complex adds to its long-term appeal. This is a rare chance to acquire prime commercial land in a thriving area with significant growth potential. The APN is 10-02-200-011. The property is offered fee simple and is vacant.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Lot 1 ac (43,560 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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