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Property profile & analytics
OFF-MARKET
Land

0 Missouri Ave Salem, IL 62881

0.72 ac lot
Property ID
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Land
Lot 0.72 ac (31,363 SF)
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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