0 Indian Mound Rd Mount Vernon, IN 47620
This exceptional 176.22-acre industrial land assemblage presents a unique investment opportunity in Posey County, Indiana. Comprised of six contiguous parcels, this unimproved property is zoned M-2 Manufacturing District, offering significant development potential. Strategically located just 15 miles west of Evansville, Indiana, and Interstate I-69, this site enjoys unparalleled access to major transportation arteries. Its proximity to the Mt. Vernon Port on the Ohio River and adjacency to the Evansville Western Railway (CSX), with potential spur access, further enhances its logistical advantages. Significant infrastructure improvements are underway, including a major upgrade to Indiana State Highway 62 (over $110 million in improvements). Currently free of agricultural leases, this property offers immediate development readiness. The asking price is $5,000,000, translating to $28,374 per acre, representing a compelling value proposition for industrial development in a rapidly growing region. The property's size, zoning, and location combine to create an exceptional opportunity for large-scale industrial projects. This is a rare chance to acquire a substantial, well-positioned industrial land parcel in a thriving area.
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
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.