115 W Main Street,Salem, IL 62881
Salem, IL 62881
Description
115 W Main St, Salem, IL Prime commercial opportunity located in the heart of downtown Salem. THIS IS in the Enterprise Zone & TIF3 Just 5 minutes from I-57, this property offers convenient access to surrounding cities including St. Louis (1 hour 20 minutes), Paducah, KY (1 hour 55 minutes), Evansville, IN (1 hour 52 minutes), and Chicago (3 hours 49 minutes). This B-2 zoned commercial building offers nearly 6,000 square feet of space and has been home to several successful businesses throughout the years. With its downtown location and strong commercial presence, the property provides excellent visibility and accessibility for a wide variety of business opportunities. The building has seen several updates in recent years and is in very good condition, offering a solid foundation for its next owner or business venture. Inside you will find a bar area equipped with double sinks and small refrigerators, along with two separate restrooms. The ladies restroom includes two stalls, while the men's restroom features a urinal and one stall. Both levels of the building currently include partitioned spaces that allow for separation of rooms, making it ideal for offices, retail sections, or private areas. These partitions could also be removed if a more open floor plan is desired. With substantial square footage, flexible interior layout, and established B-2 zoning, this property offers excellent potential for a variety of uses including restaurant, bar, retail, office space, event venue, or other service-based businesses.
Details
| MLS # | 12585407 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 204 |
| Listing Provided By | Equity Realty Group | MELISSA JARRELL |
Features
| SQ Feet | 5,638 |
|---|---|
| Story(s) | 2 |
| Zoning | COMMR |
Interior
| Cooling | Central Air |
|---|
Exterior
| Roof | Other |
|---|---|
| Foundation Details | Concrete Perimeter |
| Construction Materials | Block, Steel Siding, Brick, Glass |
Utilities
| Electric | Power - 240V |
|---|
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 2204 |
Area Information
| State | IL |
|---|---|
| County | Marion |
| City | Salem |
| Zip Code | 62881 |
| Area | Salem |
| Listing VS Median (in 62881) | |
Price: $229,000 low | high Med: $182,500 sqft: 5,638 low | high Med: 1,676 $ / sqft: $41 low | high Med: $119 On site: 204 low | high Med: 94.5 | |
Market Activity 62881
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Learn More About This Property
| State | IL |
|---|---|
| County | Marion |
| City | Salem |
| Zip Code | 62881 |
| Area | Salem |
| Listing VS Median (in 62881) | |
Price: $229,000 low | high Med: $182,500 sqft: 5,638 low | high Med: 1,676 $ / sqft: $41 low | high Med: $119 On site: 204 low | high Med: 94.5 | |