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    501 Salem Pl Fairview Heights, IL

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    For Sale
    $3,500,000

    Recently renovated showroom and service center with high traffic visibility.

    Property size:
    14,295 SF
    Lot size:
    3.37 Acres

    Property Features for 501 Salem Pl

    General Information

    Size
    14,295 SF
    Lot size
    3.37 Acres

    Source: BARBERMurphy Agent Michael T Durbin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Showroom and Service Center

    This 14,295 square foot showroom and service center, formerly a recreational motor sports dealer, is available for sale. The facility was fully renovated in 2023, with the roof and epoxy flooring in near-new condition. The property features a large showroom, a customer lounge, and four sales offices, with floor-to-ceiling windows. The service area includes 10 service bays with two drive-in overhead doors (8x10 and 10x12), and a private manager's office with a covered delivery service area. An oil/water separator runs the length of the service area. The property has no use restrictions. Located on the north side of I-64 across from St. Clair Square Mall, the facility has visibility to both eastbound and westbound travelers, with an average daily traffic of 78,800. The site is accessible from I-64’s Exit 12, along the frontage road.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Similar Places Nearby

    Budget Car Rental, Budget Truck Rental, Avis Car Rental, Hertz Car Rental - O'fallon - Highway 50 HLE

    Map

    City
    Fairview Heights
    County
    St. Clair
    State
    Illinois
    Longitude
    -89.990382
    Latitude
    38.5889386

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    FAQs

    What type of property is this?
    Automotive property - Recently renovated showroom and service center with high traffic visibility.
    Where is this automotive property located?
    The property is located at 501 Salem Pl Fairview Heights, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - Fully renovated in 2023, this property boasts near-new condition, including the roof and epoxy flooring.; - **Excellent visibility and high traffic location** on I-64 across from St. Clair Square Mall (78,800 average daily traffic).; - 14,295 SF showroom and service center with no use restrictions.
    (618) 277-4400
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    501 Salem Pl Fairview Heights, IL
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    Fairview Heights, IL
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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
    501 Salem Pl Fairview Heights, IL
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