0 Missouri Ave Salem, IL 62881
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.
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.