It clearly states "just compensation". Where can you go from there?
You seem to be stuck on those two words, to the exclusion of the many thousands before and after in the founding documents and historical records of the United States.
Yes it says "just compensation." But it doesnt say for private use, it says for public use.
When you no longer have control over your property, the property is no longer yours it is societies. Is that a capitalist state or a socialist state, I ask you?