0 Heritage Ave Mount Vernon, IL 62864
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.
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
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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.