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    Mills Cart Rd Salem, IL 62881

    Sponsored
    For Sale
    $695,000

    Farm - Salem, IL

    Type:Farm
    Lot size:
    12.56 Acres
    Days on Market:
    254
    Last Refresh:
    Jan 6 at 10:06 pm

    Property Features for Mills Cart Rd

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Standard status
    Active
    APN
    1109000006
    Exterior features
    Level
    Lot size
    12.56 Acres

    Building Details

    Architectural style
    Other

    Equity Fifty Five Realty LLC (618) 526-0021 [email protected]

    Listing agent Melissa D Jarrell (618) 526-0021 License #475.204551

    Listing date Apr 28, 2025

    MLS# 25012823 Listing URL

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

    Overview

    Salem Farm with Development Potential

    This property features 12.56 acres located on the west side of Salem, Illinois, presenting significant development potential. The location offers the convenience of readily available utilities at the North Hotze entrance and accessibility from US Hwy. 50. Its proximity to the I-57 interchange and business district enhances opportunities for growth and increased visibility. The property is located in the TIFF district.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Map

    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.959182
    Latitude
    38.627159

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    FAQs

    What type of property is this?
    Farm - 12.56+/- acre farm with development potential near US Hwy 50.
    Where is this farm located?
    The property is located at Mills Cart Rd Salem, IL.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: - Significant development potential on 12.56+/- acres.; - Readily available utilities at the North Hotze entrance.; - Convenient accessibility from US Hwy. 50.
    (618) 526-0021
    Request Owner's contact information
    Mills Cart Rd 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
    Mills Cart Rd Salem, IL 62881
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