Missouri Ave Salem, IL 62881
- Land
- 0.72 lot acres
Current Use by Public Records
- Land
Property Details for 0 Missouri Ave
- Lot size
- 0.72 lot acres
- Property type
- Land
Description
This 0.72-acre commercial lot in Salem, IL, is ideally situated near Interstate 57, offering exceptional visibility and accessibility for businesses. Its location ensures high traffic flow, making it suitable for a variety of commercial ventures, including retail, hospitality, or service-oriented businesses. The property boasts city water and sewer availability, along with readily accessible electric service. Natural gas availability is currently undetermined. The Salem school district serves the area. The lot is conveniently located within two minutes of Salem's town center. Property taxes for 2022 were $2,720. Directions to the property are as follows: Take Route 50 West of Salem to Missouri Avenue and turn south to the property. The legal description is Martin Sub. Div Part Lots 1&2, Parcel 11-00-022-465. The asking price for this exceptional commercial opportunity is $125,000. Financing options include cash and conventional loans.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Illinois
- Longitude
- -88.9684
- Latitude
- 38.6242
