Property profile

0 Baldridge Ln Salem, IL 62881

OFF-MARKET
Land
0.82 ac lot
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Property summary

AI-generated overview

This exceptional 0.82-acre commercial land parcel presents a truly remarkable investment opportunity in Salem, Illinois. Strategically located directly facing the entrance road to a busy Wal-Mart Supercenter, this high-visibility site guarantees maximum exposure to a constant stream of shoppers. The property's prime location makes it exceptionally well-suited for a diverse range of commercial ventures, including retail stores, restaurants, or service-oriented businesses seeking to capitalize on high traffic counts. The seller is open to exploring leaseback options or build-to-suit arrangements, offering flexibility for potential buyers. This is a rare chance to establish a thriving business in a location with proven high traffic volume and immediate visibility. The asking price for this exceptional property is $249,000. The property is located at 00 Baldridge Ln, Salem, IL 62881, in Marion County. This is a sale for leaseback opportunity.

Property profile

Verified
Property type Land
Lot 0.82 ac (35,719 SF)

Cap rate & NOI

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

Location

Baldridge Ln Salem, IL 62881
Salem metro
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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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