1000/1006 Irish Lane

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1000/1006 Irish Lane

Mount Vernon, IA 52314
Asking Price
$2.49M
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The site encompasses a total of 70 acres of land
  • Current asking price for the parcel is $2,490,000
  • Property is situated in the Mount Vernon area of Iowa
  • The location is positioned near coordinate markers 41.9341, -91.4580
  • Large acreage allows for diverse commercial or residential development
  • Regional setting offers connectivity within the growing Midwestern market

What's Special

Priced at $2,490,000, this 70-acre land parcel at 1000/1006 Irish Lane in Mount Vernon, Iowa, presents a significant development prospect. The site occupies a strategic position within a growing regional corridor, offering ample acreage for diverse project requirements. Mount Vernon remains a steady market, benefiting from its proximity to regional infrastructure and a stable economic climate in the Midwestern corridor. Its location provides accessibility for projects requiring substantial land footprints while maintaining a connection to regional thoroughfares. Potential use cases for this expansive site include residential development, agricultural operations, or industrial expansion depending on municipal guidelines. The sheer scale of the property allows for large-scale planning and long-term investment strategies. Investors and developers looking for substantial land holdings in Iowa will find this parcel serves as a foundational asset for future growth initiatives. With its significant size and accessible location, the land offers flexibility for buyers looking to establish a footprint in this part of the state.

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NOI
$80,000
Cap Rate
3.21%
DSCR
0.54
Underwater
Cash-on-Cash
-9.08%
Monthly Payment
$12,319.161
Annual Cash Flow
$-67,829.937

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