One cannot do better. I'm coming short of a proof, but following is the skeleton of a proof.
Idea: recursively chop down the polygon into polygons having all unit sides except one side, of length $x \leq 1$ showing that the minimum area of the parts is some function of $x$. It results in a series of small geometric problems.
Definitions
For $0 \leq x \leq 1$, let an “odd-$x$-poly” be a non-self-intersecting polygon with an odd number of sides, where all sides except one have unit length. The other side has length $x$.
For $0 \leq x \leq 1$, let an “even-$x$-poly” be a non-self-intersecting polygon with an even number of sides, where all sides except one have unit length. The other side has length $x$.
Induction
By induction we will construct the proofs for
$O_n$ : The area of an $n$-sided odd-$x$-poly is at least ${x \over 2} \sqrt {1 - {x ^2 \over 4}}$
$E_n$ : The area of an $n$-sided even-$x$-poly is at least ${1 - x \over 2} \sqrt{1 - {{(1-x)^2} \over 4}}$
$O_3$ is proven trivially by considering the formula for the area of the isosceles triangle.
$E_4$ is proven in [...] (figure 2).
Let’s consider an $n$-sided odd-$x$-poly $p$.
There’s three cases:
No vertices or edges from p in the triangle created by ag and two unit sides. Figure 4.
In this case, this area without vertices is already large enough to satisfy $O_n$.
A vertice is present, say, $d$. Figure 1
In this case, the area of $p$ is either:
the area of a $l$-sided even-$y$-poly ($abcd$) plus the area of another $m$-sided even-$z$-poly ($defg$), where $y+z > x$, plus the area of $adg$. Figure 1. $O_n$ is true by [...] ( Some proof missing using geometry and $E_{i}, i<n$. )
the area of a $l$-sided odd-$y$-poly ($abc$) plus the area of another $m$-sided odd-$z$-poly ($cde$), where $y+z > x$, plus the area of $ace$. Figure 3. $O_n$ is true by [...] ( Some proof missing using geometry and $O_{i}, i<n$. )
In both cases, it should be possible to prove $O_n$, from $O_x$ and $E_y$, with $x<n, y<n$.
- An edge goes through the triangle created by ag and two unit sides. (Figure 5). Given how $c, d$ must be at distance of at least 1 of $a, b$, a construction showing $O_n$ is possible, given $O_i$ and $O_j$, with $i<n, j<n$.
Let’s consider an $n$-sided even-$x$-poly $p$. Similar construction as above, missing, switching odd and even sub-polygons.
Very interesting problem, but I've used the time I had to put towards it. Sorry for the missing parts.
Finally, once the missing bits in the proof are added, one can observe that the polygon described in the problem is a even-$x$-poly with $x=1$. Thus we find the specified minimal area.
