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    Property profile & analytics

    Salem, IL 62881

    • Industrial properties
    • 1.68 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4820192
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details

    Lot size
    1.68 lot acres
    Property type
    Industrial properties
    APN
    1117000024
    APU
    1117000024

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -89.0031
    Latitude
    38.6192
    CBSA code
    16460
    CBSA name
    CENTRALIA, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $24
    $330
    $0.00
    $330
    -
    $990
    $0.00
    $990

    Comparable in this City

    • Value Estimation by Request

      1015 College St

      INDUSTRIAL (GENERAL)
      1015 College St, Salem, IL 62881-2428
      View Details
    • Value Estimation by Request

      1100 Main St

      INDUSTRIAL (GENERAL)
      1100 Main St, Salem, IL 62881-3503
      View Details
    • Value Estimation by Request
      38.00 Acres

      Selmaville Rd

      INDUSTRIAL (GENERAL) • 38.00 Acres
      Selmaville Rd, Salem, IL 62881
      View Details
    • Value Estimation
      $215,000

      905 Main St

      INDUSTRIAL (GENERAL)
      905 Main St, Salem, IL 62881-2940
      View Details
    • Value Estimation
      $155,000
      12.00 Acres

      3935 Selmaville Rd

      INDUSTRIAL (GENERAL) • 12.00 Acres
      3935 Selmaville Rd, Salem, IL 62881
      View Details
    • Value Estimation
      $3,990,000
      14.24 Acres

      8 Carpenter Dr

      INDUSTRIAL (GENERAL) • 14.24 Acres
      8 Carpenter Dr, Salem, IL 62881-3898
      View Details

    Similar Nearby for Sale

    • $11,285,715
      93,078 SF

      93,078 SF Industrial Investment Property

      Single tenant NNN investment property constructed in 2023 and 2024.
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      View Details
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      Prime Retail Space, High Traffic, $110,000
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      Salem IL Commercial Property

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    • $205,000
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      206 Main St, Salem, IL 62881

      Commercial real estate • 3,168 SF
      206 Main St, Salem, IL 62881
      View Details
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      Highway Visible Commercial Acreage

      Commercial land with highway visibility and existing structures.
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    • $59,000
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      5+ acres for a home with outbuildings and gardens.
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    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Salem Retail Space - 7,000 SF

      Prime Salem retail space, high visibility.
      612 Main St, Salem, IL 62881
      View Details
    • Contact for pricing
      7,000 SF

      Prime Retail Space in Salem

      Retail or office space with strong visibility and ample parking.
      606 W Main St, Salem, IL 62881
      View Details
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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