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618-277-4400

Business Redevelopment Opportunity

$2,700,000

Listing Resources

Listing Description

4.76 acres located along the NE quadrant of the I-57 and US Hwy 50 interchange in Salem, IL. Property has high visibility from I-57 with 780 feet of frontage along the north and south bound ramps. Property is suitable for wide range of travel related business uses. Located in TIF and Enterprise Zone in expanding business development corridor.

Sale Price: $2,700,000

Listing Details

Settings
Listing No : 1979
Sale Or Lease : For Sale
Property Type(s) : Land, Land - Commercial, Land - Industrial, Land - Mixed Use
Building Size (Sqft) : 6,000 Sqft
Lot Size (Acres) : 4.76 Acre(s)
Total Sqft Available : 6,000 Sqft
Min Acres Available : 4.76 Acre(s)
Max Acres Available : 4.76 Acre(s)
Sale Price : $2,700,000
Sale Price Per Acre : $622,120
Building Total Sqft : 6,000 Sqft
Total Sqft Available : 6,000 Sqft
Warehouse : 6,000 Sqft
Min Divisible Sqft : 6,000 Sqft
Max Contiguous Sqft : 6,000 Sqft
Parcel No : 11-10-000-082; 11-10-000-091
Zoning : B-4 Interchange Business
Zoning By : City of Salem
TIF : Yes
Enterprise Zone : Yes
Property Tax : $10,455
Tax Year : 2016
Traffic Count : 37,500
Topography : Flat
Total Acres Available : 4.76 Acre(s)
Min Divisible Acres : 4.76 Acre(s)
Acres : 4.76 Acre(s)
Frontage : 1,148 ft
Water Provider : City of Salem
Water Provider Location : On Property
Sewer Provider : City of Salem
Sewer Provider Location : On Property
Gas Provider : Ameren Illinois
Gas Provider Location : On Property
Electric Provider : Ameren Illinois
Electric Provider Location : On Property
Interstate : At I-57, Exit 116

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