Davidson Ave Mount Vernon, IL 62864
- Land
- 55.94 lot acres
Current Use by Public Records
- Land
Property Details for 0 Davidson Ave
- Lot size
- 55.94 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 55.94-acre land parcel presents a unique investment opportunity in Mount Vernon, Illinois. Divided into two tracts (20.85 acres and 35.18 acres), this property offers significant potential for commercial or mixed-use development. Strategically located in a burgeoning commercial area, just south of major retailers like Kohl's, Lowe's, and Walmart, and near a new city-owned industrial park, this site enjoys high visibility and convenient access. The property benefits from its location within a Tax Increment Financing (TIF) District and an Enterprise Zone, offering potential tax advantages. Easy access to Interstate 57/64 is provided via Route 15 and Veterans Memorial Drive, ensuring seamless transportation links. The permitted zoning is Industrial/Planned Unit Development (PUD), allowing for flexibility in development plans. The APN is 06-35-300-001. The asking price is $3,518,000, with a land value ranging from $100,000 to $110,000 per acre. The tracts are divisible, providing options for various development scenarios. This prime location and flexible zoning make this property an ideal investment for developers seeking a strategic foothold in a growing market. The property's size and location offer exceptional potential for significant return on investment.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Jefferson
- State
- Illinois
- Longitude
- -88.96
- Latitude
- 38.3057
