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    OFF-MARKET
    Land

    0 Wells Byp, Mount Vernon, IL 62864

    77.6 ac lot
    Property ID
    Property summary
    AI-generated overview

    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
    Verified
    Property type Land
    Lot 77.6 ac (3,380,256 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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