0 Main St Salem, IL 62881
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.