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    799 E Main St Salem, IL 62881

    Sponsored
    For Sale
    $59,900

    LAND - Salem, IL

    Days on Market:
    171
    Last Refresh:
    Jan 7 at 2:06 am

    Property Features for 799 E Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    1100017140

    Utilities

    Utilities
    Electricity Available

    Somer Real Estate (618) 548-5123 [email protected]

    Listing agent Stacey Russell

    Listing date Jul 21, 2025

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Land on Route 50

    This property features frontage exposure on Route 50, east of downtown Salem. It includes three lots. The larger area is zoned B3 business, and the other part is zoned RS2. A former business was previously located on the property. The area is open for development. TIF4 incentives may be available. A portion of the land is in a flood plain.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.938908
    Latitude
    38.626429

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    FAQs

    What type of property is this?
    Commercial land - Three lots with business zoning and development potential.
    Where is this commercial land located?
    The property is located at 799 E Main St Salem, IL.
    What is the asking price?
    The asking price for this property is $59,900.
    What are key features of this property?
    This property features: - Great frontage exposure on Route 50.; - Zoned B3 business and RS2.; - Three lots included.
    (618) 322-4321
    Request Owner's contact information
    799 E Main St Salem, IL 62881
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    Salem, IL 62881
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    799 E Main St Salem, IL 62881
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