Property profile

100 Holiday Ln Salem, IL 62881

OFF-MARKET
Land
0.87 ac lot
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Property summary

AI-generated overview

This exceptional 0.87-acre commercial land parcel presents a remarkable investment opportunity in Salem, Illinois. Strategically located at 100 Holiday Ln, this property boasts unparalleled visibility and accessibility, featuring 250 feet of frontage directly on Interstate 57 and convenient access to US Highway 50. The site benefits from a signalized intersection, ensuring optimal ingress and egress for businesses. High traffic counts of 22,939 vehicles per day on I-57 guarantee significant exposure for any development. The property is situated adjacent to established businesses such as Denny's and a Holiday Inn, providing a strong commercial environment and established customer base. This location is ideal for a variety of commercial uses, including retail, restaurants, or light industrial. The land is available for sale or ground lease, and build-to-suit options are available, offering flexibility to potential buyers or tenants. This prime location in Marion County, Illinois, with its zip code 62881, presents a rare opportunity to establish a thriving business in a high-traffic area. Don't miss this chance to secure a prominent location with exceptional visibility and accessibility.

Property profile

Verified
Property type Land
Lot 0.87 ac (37,897 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

100 Holiday Ln Salem, IL 62881
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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