Property summary
This exceptional 5-acre parcel, located at 1525 Herbert St in Mount Vernon, Illinois (zip code 62864), presents a compelling opportunity for industrial development. The property, identified by APN 07-31-432-010, is zoned for Light Industrial use, offering flexibility for a variety of projects. The land boasts a flat topography, simplifying construction and site preparation. All essential utilities are readily available, eliminating significant infrastructure hurdles. The lot is partially improved, potentially reducing initial development costs. Priced at $100,000, this translates to an attractive $20,000 per acre. Situated in Jefferson County, Illinois, this location offers convenient access to transportation networks and a supportive business environment. The property's size and zoning make it ideal for various industrial uses, from warehousing and distribution to light manufacturing. This is a rare opportunity to acquire a well-situated, ready-to-develop industrial site at a competitive price. Don't miss this chance to secure a prime piece of Illinois industrial real estate.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2021Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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