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Property profile & analytics
OFF-MARKET
Land

0 Main St Salem, IL 62881

Property ID
Property summary
AI-generated overview

This 0.87-acre commercial lot enjoys a highly visible location at the intersection of I-57 and US Highway 50, Exit 116, in Salem, Illinois. Zoned for Highway Business (APN: 11-10-000-509), this single-tenant pad-ready site is ideal for immediate development. Its strategic placement adjoins established businesses such as Denny's Restaurant and a Holiday Inn Express and Suites, ensuring high traffic and visibility. The property's location within a major commercial growth corridor presents a significant opportunity for businesses seeking prime exposure and accessibility. The lot's size offers ample space for a variety of commercial developments, catering to diverse business needs. This exceptional location, combined with its ready-to-build status, makes this property an attractive investment for businesses looking to establish a strong presence in a thriving commercial area. The property is located in Marion County, Illinois, with a Salem, IL 62881 zip code. This is a rare opportunity to secure a highly desirable commercial lot in a rapidly developing area.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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