0 Potomac Blvd Mount Vernon, IL 62864
This exceptional commercial land opportunity in Mount Vernon, Illinois, totals approximately 68 acres and is being offered via sealed bid auction. Conveniently located just off Interstate 57/64, this property presents a unique investment prospect. The land is divided into seven distinct tracts, allowing for flexible purchasing options. Buyers can bid on individual tracts or combinations to suit their specific needs and budget. Tract 1, the northernmost parcel, encompasses roughly 4 acres and sits adjacent to Walgreens employee parking. Tract 2 comprises approximately 25.5 acres and features two ponds. Tract 3 covers approximately 18 acres. Tracts 3A and 3B are subdivisions of Tract 3, with 3A measuring approximately 3.88 acres between I-57/64 and the AMC Classic Movie Theatre, and 3B encompassing approximately 3.37 acres behind the theatre, including a roughly 30 x 75 foot building. Tract 4, situated behind Rend Lake Marketplace, is approximately 9.76 acres. Finally, Tract 5, located south of the Fairfield Inn, covers approximately 3.95 acres. The total property is zoned for commercial use and offers significant potential for development. Sealed bids are due before the auction commences at 9:00 AM on November 22, 2024. The auction will be held at Farm Credit in Mt. Vernon, IL. The property's APN numbers are: 06-26-102-002
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
Similar Nearby for Sale
Similar Nearby for Lease
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.