Property profile

1525 Herbert St Rear Of Mount Vernon, IL 62864

OFF-MARKET
Industrial properties
Property ID
US28-2754958
Entity Owned Absentee Owner Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
APN 07-31-432-010
UPID US28-2754958

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1525 Herbert St Rear Of Mount Vernon, IL 62864-5651
Mount Vernon metro Census 51100 MOUNT VERNON, IL MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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CAP Approach CAP
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Blend (final) Blend
$245k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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