0 Wls Byp Rd, Mount Vernon, IL 62864
This exceptional 115.29-acre property in Mount Vernon, Illinois presents a remarkable investment opportunity. Located in a thriving commercial area, this vacant land boasts a prime location at the intersection of I-57 and Veterans Memorial Parkway, offering exceptional visibility and accessibility. The property benefits from its position within an established Tax Increment Financing (TIF) District and Enterprise Zone, providing potential access to public incentives. Zoned as an Industrial Park Conservation Area - Planned Development Unit District, the land is suitable for a wide range of commercial and industrial developments, including hotels, warehouses, and mixed-use projects. The site features frontage on three streets: Wells Bypass, Veterans Memorial Parkway, and Davison Avenue, ensuring convenient access. All utilities are readily available. Nearby major retailers such as Walmart, Lowe's, Kohl's, and Menards further enhance the property's desirability and potential for success. The property is offered fee simple and is divisible. This strategic location offers proximity to a major interstate, a significant hospital complex, and a new high school, making it an ideal site for various commercial ventures. The property's size, location, and zoning regulations make it an attractive investment for developers seeking to capitalize on the growth and potential of Mount Vernon's commercial sector. The parcel includes APN numbers 06-35-300-002, 10-02-100-003, 06-34-400-004, and 10-02-100-002. This is a cash deal.
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.