Current Use by Public Records
- Land
Property Details for 0 Wells Byp
- Lot size
- 37.91 lot acres
- Property type
- Land
Description
This exceptional 37.91-acre commercial development site presents a unique opportunity in Mount Vernon, Illinois. Strategically located at the northwest quadrant of the I-57 and Veterans Memorial Drive interchange, this property boasts high visibility and accessibility. The site is situated near major retailers such as Menards, Lowe's, Kohl's, Walmart, and numerous fast-food and casual dining establishments, ensuring high traffic and consumer exposure. The property features approximately 1,290 feet of frontage along Wells Bypass and benefits from all essential utilities readily available. The land is generally flat with a slight slope in the southwest corner, offering flexibility in development plans. This site is configured to maximize development potential and is located within a Tax Increment Financing (TIF) district, providing financial incentives to further enhance development opportunities. The asking price is $30,000 per acre for the entire 37.91 acres, undivided. However, the seller will consider dividing the site, with pricing negotiable based on size and location. The property's APN is 06-35-300-009 and is zoned CG. This is an ideal location for a variety of commercial ventures, offering significant growth potential and a prime position within a thriving retail corridor.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Jefferson
- State
- Illinois
- Longitude
- -88.9515
- Latitude
- 38.3067
