10427 Ambassador Rd Mount Vernon, IL 62864

Property Details for 10427 Ambassador Rd

Lot size

98.86 lot acres

Property type

Commercial real estate

APN

10-02-100-005, 10-02-100-006, 10-02-300-010

Description

This exceptional 98.86-acre property in Mount Vernon, Illinois, presents a unique investment opportunity. Located in a rapidly expanding commercial and industrial area, this vacant land boasts a prime location near the southwest intersection of I-57 and Veterans Memorial Parkway. The site benefits from its proximity to major retailers including Menards, Walmart, Lowe's, Kohl's, and Staples, as well as the new Mount Vernon Township High School and SSM Health Good Samaritan Hospital, situated across I-57. The property is zoned for industrial use and is part of an established Tax Increment Financing (TIF) District and Enterprise Zone, offering potential public incentives. Its strategic location provides easy access to the Wells Bypass, Veterans Memorial Parkway, and I-64/I-57, making it an ideal site for warehousing, mixed-use development, or multi-family housing. The property is divisible, offering flexibility for various development scenarios, and also presents an excellent assemblage opportunity with adjacent properties currently available. Full utilities are available. This site is situated in a high-population area, within 500 miles of over 100 million people, and benefits from being near a major freight hub. The property's legal description includes APN numbers 10-02-100-005, 10-02-100-006, and 10-02-300-010, and is offered as a fee simple ownership with a cash deal investment type. This is a rare opportunity to acquire a large, strategically located parcel in a thriving market.