3782 Hotze RdSalem, IL 62881

Property Details for 3782 Hotze Rd

Lot size

10.55 AC

Property type

Commercial real estate

APN

1115100001

APU

1115100001

Description

This exceptional industrial property, located at 3782 Hotze Rd, Salem, IL 62881, presents a significant investment opportunity. The single-tenant manufacturing facility encompasses 11,424 square feet of well-maintained space, ideally suited for a variety of industrial operations. Situated on a substantial 22.55-acre lot, the property offers ample room for expansion, storage, or future development. The building's functional layout and robust infrastructure provide a solid foundation for immediate occupancy and streamlined operations. Its strategic location in Salem, Illinois, offers convenient access to major transportation routes, ensuring efficient logistics and distribution. This property is being offered for sale as a complete building and real estate package. The property's size and location make it an attractive option for businesses seeking to establish or expand their operations in a thriving industrial market. The ample land provides significant flexibility for future growth and adaptation to evolving business needs. Serious inquiries are encouraged to explore this compelling investment opportunity further. Detailed property information and specifications are available upon request. This is a rare opportunity to acquire a well-established industrial facility in a desirable location.

• CAP approach

  CAP return

  Valuation

  6%

  $127,257,000

  6.5%

  $117,468,000

  7%

  $109,078,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $35,827,100

  Geo Method

  $35,827,100

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $231,677,000

  Retail / Commercial

  $118,723,000

  Mixed-Use / Specialty

  $118,236,000

  Hospitality / Lodging

  $86,664,300

  Office

  $117,468,000

  Institutional / Educational

  $122,896,000

  Residential Income

  $143,788,000

  Multifamily

  $172,801,000

  Automotive / Energy

  $105,339,000

  Parking / Income-Based Land

  $36,413,500

  Restaurant / Food Service

  $61,361,300

  Healthcare / Senior Housing

  $121,314,000

Location Insight

City

Salem

County

Marion

State

Illinois

Latitude

38.614

Longitude

-88.9721

CBSA code

16460

CBSA name

CENTRALIA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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