0 Davidson Ave Mount Vernon, IL 62864
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.