1525 Herbert St Rear Of, Mount Vernon, IL 62864-5651
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2021Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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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.