Property summary
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.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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