0 Mills Cart Rd, Salem, IL 62881
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.
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
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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.