Property profile

0 Mills Cart Rd Salem, IL 62881

OFF-MARKET
Land
12.56 ac lot
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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

Location

Mills Cart Rd Salem, IL 62881
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Blend (final) Blend
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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