Wl By-Pass Mount Vernon, IL 62864
- Land
- 22.89 lot acres
Current Use by Public Records
- Land
Property Details for 0 Wl By-Pass
- Lot size
- 22.89 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
This exceptional 22.89-acre commercial land parcel in Mount Vernon, Illinois, presents a unique investment opportunity. Located on Wells By-Pass, approximately a quarter-mile from the southwest quadrant of the I-57 and IL Route 15 intersection, this strategically positioned site offers unparalleled access and visibility. The property is zoned for INDUSTRIAL and PUD use, providing flexibility for a variety of commercial and industrial developments. All essential utilities are readily available, either bordering or in close proximity to the site. The land is situated near established commercial developments, enhancing its appeal and potential for growth. A conceptual development plan illustrates a possible subdivision into eight commercial lots ranging from 1.43 to 4.04 acres, although the layout is adaptable to suit individual needs. Access to these lots is planned via an internal roadway off Wells By-Pass, connecting to a public road on the northern border. The property's location within a Tax Increment Financing (TIF) District offers additional economic advantages. The price per acre is $29,500, making this a compelling investment in a thriving area. APN: 06-35-176-015 & 016. This property is ready for development and offers significant potential for future returns.
Value Estimation
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Jefferson
- State
- Illinois
- Longitude
- -88.9515
- Latitude
- 38.308
