00 Mills Cart Rd - Commercial LAND FOR SALE


Salem, IL 62881 511,830 SF
$695,000 USD
618-927-6342
00 Mills Cart Rd, Salem, IL for Sale
$695,000 USD
Commercial LAND - FOR SALE
1/17
511,830 SF

00 Mills Cart Rd
Salem, IL 62881


HIGHLIGHTS

  • Minutes from the I-57 interchange
  • Adjacent to Walmart Supercenter
  • Located in a Tax Increment Financing (TIF) District
  • Suitable for diverse proposed use

OVERVIEW

Situated on the west side of Salem, this 12.56-acre commercial development site offers a rare opportunity for investors and developers to establish a presence in a growing trade area. With direct accessibility from US Highway 50 and just minutes from the I-57 interchange, the property boasts outstanding regional connectivity. Readily available utilities, including city water, sewer, and electric, streamline development timelines and reduce upfront costs. Surrounded by established national retailers such as Walmart Supercenter and hospitality options including Days Inn and Comfort Inn, the site benefits from strong traffic drivers and complementary uses. Zoned for multiple commercial applications, the land accommodates a wide range of uses such as auto dealerships, banking, hospitality, entertainment, and contracting services. Located within a TIF district, potential tax incentives further enhance the project’s financial viability. Positioned approximately 20 minutes from Mt. Vernon, 1 hour and 15 minutes from St. Louis, and 4 hours from Chicago, the property offers strategic market reach and visibility. Salem’s business-friendly environment, combined with robust transportation access, underscores the investment potential of this parcel for end-users and developers alike.

FOR SALE DETAILS

PRICE

$695,000 USD

PRICE/ACRE

$59,149/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Development Opportunity in Salem, IL

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Auto Dealership, Bank, Bowling Alley, Car Wash, Casino, Contractor Storage Yard, Funeral Home, Garden Center, Health Club, Hotel, Agribusiness

LAND ACRES

11.75 AC

LAND SF

511,830 SF

OFFSITE IMPROVEMENTS

-

ZONING

Commercial

APN/PARCEL ID

1109000006,1109000076,1110000094

ASK ABOUT THIS PROPERTY

Melissa JarrellEquity Realty GroupMore Info
618-927-6342

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Melissa JarrellEquity Realty GroupMore Info
618-927-6342

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.