For Sale
$159,500

100 Washington St Salem, IL 62881

Prime location, income potential, historic charm.

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional commercial property at 100 N Washington Street in Salem, Illinois, presents a unique investment opportunity. Built in 1900, this mixed-use building offers a blend of historical character and modern updates. The main level boasts over 700 square feet of retail space, ideal for a variety of businesses. The space features luxury vinyl plank (LVP) tile flooring, a recently updated restroom, and updated wiring throughout. A subdivided area within the retail space offers additional income potential, with its own separate access and entry door. Adding to the income stream, the property includes two one-bedroom apartments, each with its own private entry staircase. The building benefits from high visibility due to its prime downtown location, surrounded by other offices and businesses, ensuring excellent street traffic exposure. Discover the historical charm hidden beneath the dropped ceiling in the retail and office areas, where original tin ceiling tiles, over seven feet high, await rediscovery. This property is listed at $159,500. More information and additional pictures are available via a separate multi-family listing. This is a rare chance to acquire a versatile commercial property with significant income potential in a desirable downtown location. The property is located in Marion County, Illinois, zip code 62881.

Property Details for 100 Washington St

Property type
Retail properties, Office properties
Year Built
1900

Location Insight

City
Salem
County
Marion
State
Illinois
Latitude
38.6272641
Longitude
-88.9444568

FAQs

What type of property is this?
Retail property - Prime location, income potential, historic charm.
Where is the retail property located?
The property is located at 100 Washington St Salem, IL.
What is the asking price?
The asking price for this property is $159,500.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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100 Washington St
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