Property profile

0 Wells Byp Mount Vernon, IL 62864

OFF-MARKET
Land
77.6 ac lot
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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

Location

Wells Byp Mount Vernon, IL 62864
Mount Vernon metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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