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    OFF-MARKET
    Industrial properties

    1525 Herbert St Rear Of, Mount Vernon, IL 62864-5651

    Entity Owned Absentee Owner Free & Clear
    Property ID
    US28-2754958
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    CD INVESTMENT PARTNERS LLC
    CD INVESTMENT PARTNERS LLC
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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