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    OFF-MARKET
    Land

    0 Mills Cart Rd, Salem, IL 62881

    12.56 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 12.56-acre commercial land parcel presents a compelling investment opportunity in Salem, Illinois. Located on the burgeoning west side of town, this property boasts convenient access to utilities at the North Hotze entrance and US Highway 50, ensuring seamless infrastructure integration for any development project. Its strategic proximity to the I-57 interchange and Interstate 57 business district offers unparalleled visibility and accessibility, maximizing potential for growth and attracting a wide range of businesses. The property is zoned for commercial use, providing flexibility for a variety of development options. The substantial acreage allows for large-scale projects, while the prime location ensures high traffic volume and exposure. This is an ideal site for businesses seeking a prominent location with excellent access to major transportation routes and essential utilities. The asking price is $695,000. Serious inquiries are encouraged. The property is located at Mills Cart Rd, Salem, IL 62881, in Marion County.

    Property profile
    Verified
    Property type Land
    Lot 12.56 ac (547,114 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
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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