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    805 Salem St Oak Grove, MO 64075

    For Sale
    $1,200,000

    18.92 Acres, Prime Retail Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 18.92-acre commercial land parcel presents a remarkable investment opportunity in Oak Grove, Missouri. Located at 805 SE Salem St, 64075, this level site boasts significant road frontage: 650 feet on Salem Street and 1,260 feet on 10th Street, providing excellent visibility and accessibility. All utilities are readily available, simplifying development plans. The property's zoning allows for a variety of uses, including retail, commercial ventures, and even senior assisted living facilities, making it highly versatile. Its strategic location places it within close proximity to established businesses such as Walmart, Holiday Inn Express, and Dollar Tree, ensuring high traffic and customer visibility. Furthermore, its convenient location is just one block north of Oak Grove schools, adding to its appeal. The property also includes a pre-existing 24' x 48' Morton building, offering potential for immediate use or repurposing. The owners are open to dividing the land, providing flexibility for various development scales and budgets. This is a rare opportunity to acquire a substantial, well-located parcel in a thriving Missouri community. The asking price for this owner/user investment is $1,200,000.

    Property Features for 805 Salem St

    General Information

    Property type
    Land
    Lot Size
    824,155 SF

    HighLights

    • 18.92‑acre commercial land parcel with 650' of frontage on Salem Street and 1,260' on 10th Street.
    • Excellent location for retail, commercial, or senior assisted living development.
    • Level site with all utilities available.
    • Owners will consider dividing the parcel.
    • Located near Walmart, Holiday Inn Express, and Dollar Tree.
    • One block north of Oak Grove schools.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Oak Grove
    County
    Jackson
    State
    Missouri
    Longitude
    -94.122076
    Latitude
    39.007277

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    FAQs

    What type of property is this?
    Land - 18.92 Acres, Prime Retail Location
    Where is this land located?
    The property is located at 805 Salem St Oak Grove, MO.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 18.92-acre commercial land parcel with 650' of frontage on Salem Street and 1,260' on 10th Street.; Excellent location for retail, commercial, or senior assisted living development.; Level site with all utilities available.
    Request Owner's contact information
    805 Salem St Oak Grove, MO 64075
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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
    805 Salem St Oak Grove, MO 64075
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