10427 E Ambassador Rd
Mount Vernon, IL 62864

PROPERTY LOCATION|: From I-64 and I-57, go south on I-57 to Veterans Memorial Pkwy (VMP) (2nd Mt. Vernon Exit); turn right on VMP. Wells Bypass is the first intersection, go south 1/3 mile to Ambassador Rd, turn left at Ambassador Rd and go west ½ mile past the Mt. Vernon Township High School. Subject Property is located on the north side of the street. Mt. Vernon is a labor surplus municipality and, therefore, was eligible to create an industrial park conservation area TIF and the City did so December 21, 2009. The TIF area is approximately 908 acres. The TIF has approximately 18 years remaining. Buyers should consult legal counsel in order to verify all TIF details. All but approximately 4.45 acres are within the TIF District according to information provided by the City of Mt Vernon. Buyers will have to negotiate with the City for TIF benefits. Bond buyers are known to us; please contact listing agent for information. ZONING AND PERMITTED USES: According to the Mt. Vernon Zoning Map, Subject is zoned Industrial Park Conservation Area-Planned Development Unit by the City of Mt. Vernon. Permitted uses include: warehousing and manufacturing consisting of 100,000 SF or bigger buildings. All other uses are by Conditional Use Permit. See listing agent for complete list and details. TAX INCREMENTAL FINANCING (TIF): Mt. Vernon is a labor surplus municipality and, therefore, was eligible to create an industrial park conservation area TIF and the City did so December 21, 2009. The TIF area is approximately 908 acres. The TIF has approximately 18 years remaining. Buyers should consult legal counsel in order to verify all TIF details. All but approximately 4.45 acres are within the TIF District according to information provided by the City of Mt Vernon. Buyers will have to negotiate with the City for TIF benefits. Bond buyers are known to us; please contact listing agent for information. REMARKS: Subject Property is near to the new Mt. Vernon Township High School. The 142-bed SSM Health Good Samaritan Hospital is at the southeast corner of VMP and I-57. Lowe’s, Staples, Kohls, Walmart are all located on Davidson Ave at Broadway. Also nearby is Tractor Supply Co and Do It Best Hardware. Major employers and number of employees include: Continental Tire/3,292; Walgreens Distribution/1,400; SSM Health/1,410; National Pkwy/207; Peoples National Bank/102. DEMOGRAPHICS: 5 Miles 15 Mile 25 Miles Population 18,917 42,998 118,926 Households 8,227 17,100 47,776 Average Household Income $57,589 $60,413 $57,951 TRAFFIC COUNT: According to IDOT Maps, there are 45,400 VPD on I-57 between Broadway and Veterans Memorial Pkwy, 8,500 VPD on Veterans Memorial Pkwy west of I-57 and 3,900 VPD on Wells Bypass. According to ESRI Traffic Count Map 2017, there are approximately 17,500 VPD on Broadway at Davidson Ave and 30,900 VPD on Broadway at Wells Bypass.