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Property profile & analytics
OFF-MARKET
Land

0 Heritage Ave Mount Vernon, IL 62864

1.45 ac lot
Property ID
Property summary
AI-generated overview

This 1.45-acre commercial land parcel in Mt. Vernon, Illinois, presents a unique investment opportunity. Strategically located on Heritage Avenue, this property enjoys exceptional visibility and accessibility, being just feet from Interstate 57. The site is zoned for commercial use and benefits from the advantages of both a Tax Increment Financing (TIF) district and Enterprise Zone designation, offering potential tax incentives and economic development support. Significant infrastructure improvements are underway, including road construction, sewer, water, and sidewalk installation, scheduled for completion in Spring 2025. This ensures a fully serviced and ready-to-develop site upon project completion. The property's prime location and the upcoming infrastructure enhancements make it ideal for a variety of commercial ventures. The asking price is $300,000. This is a rare chance to acquire a well-positioned commercial lot in a growing area with substantial development potential. Contact us today to learn more about this exceptional opportunity. The property is located in Jefferson County, Illinois, with a zip code of 62864.

Property profile
Verified
Property type Land
Lot 1.45 ac (63,162 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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