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0c Derma Vista Drive Salem, IL 62881 • Land - Residential • New

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Description

Location, visibility, and opportunity! This 0.719-acre parcel sits along the interstate on the west side of Salem, offering excellent exposure in an area with new development right next door. Whether you're looking for a place to establish a business or a well-positioned property to invest in, this location offers plenty of potential. With interstate frontage and neighboring development, it's a great opportunity to get in on an area seeing new investment and activity. Adding to its appeal, the property is located within both the Salem/Marion County Enterprise Zone and a City of Salem TIF District. These designations may offer valuable development incentives, including sales tax exemptions on qualifying building materials and potential TIF assistance for eligible development or redevelopment expenses. Buyers are encouraged to contact the City of Salem to determine project-specific eligibility, available incentives, and approval requirements. With its interstate exposure, proximity to new development, and potential financial incentives, this property is worth a closer look. Bring your plans and explore the possibilities!

Property Highlights

Property Type: Land - Residential
Total Acres: 0.72 Acres
Utilities: Electric to Site, Natural Gas Available, Sewer Connected, Water Available

General Information

County: Marion
High School: Salem Community High School
Listed By:
CAPPS REALTY 618-204-5260
MRED MLS
$179,750
Est. $1,283/mo
New to the Market New
LOT SIZE 0.720 acres MLS#12805456
STATUSNew PROPERTY TYPELand - Residential SCHOOLDistrict 600

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0c Derma Vista Drive, Salem, IL 62881.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $179,750$179,750$179,750
Down Payment $35,950$6,291$44,938
Monthly Mortgage Amount $933$1,159$1,156
Taxes $250$250$250
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$79$0
Monthly Estimated Total $1,283$1,588$1,506

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