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    OFF-MARKET
    Retail properties & Spaces

    0 Wls Byp Rd, Mount Vernon, IL 62864

    115.29 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Lot 115.29 ac (5,022,032 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
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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