For Sale
$65,000

119 Main St Salem, IL 62881

Downtown Salem, IL; High Potential

Overview

Added:
Dec 11, 2024
Days on market:
134
This prime commercial property at 119 E MAIN Street, Salem, IL 62881, is offered at $65,000. The 5100+ square foot building sits on land zoned B-2 Central Business District, allowing for diverse commercial uses. Previously housing three apartments (two large 2-bedroom, 1-bath units upstairs, and a main level loft-style apartment), the residential spaces are currently uninhabitable due to refuse and surface conditions, requiring rehabilitation. However, the structure appears sound. The main level also features approximately 1000 square feet of open, clear-span retail space, a restroom, four workstation sinks, and a breakroom sink. A special use permit is required for any residential use, per Salem zoning. This property boasts a fantastic downtown location, offering easy access to shops, restaurants, and the courthouse, presenting significant potential for a business or office seeking high visibility and convenient access. Photos depict the building's current condition prior to viewing. The property is a foreclosure.

Highlights

  • $65,000 asking price.
  • Land, office, and retail property in Salem, IL.
  • 5100+ sq ft building previously housed three apartments (currently uninhabitable due to condition).
  • 1000 sq ft of clear-span retail space with a restroom and kitchen facilities.
  • B-2 Central Business District zoning; special use permit required for residential use.

Property Details for 119 Main St

Property type
Retail properties, Office properties

Location Insight

City
Salem
County
Marion
State
Illinois
Latitude
38.6268126
Longitude
-88.9448465

FAQs

What type of property is this?
Retail property - Downtown Salem, IL; High Potential
Where is the retail property located?
The property is located at 119 Main St Salem, IL.
What is the asking price?
The asking price for this property is $65,000.
What are key features of this property?
This property features: $65,000 asking price.; Land, office, and retail property in Salem, IL.; 5100+ sq ft building previously housed three apartments (currently uninhabitable due to condition).
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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119 Main St
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