119 Main StSalem, IL 62881

  • Commercial real estate
For Sale
$65,000 View listing

Property Details for 119 Main St

Property type
Commercial real estate
APN
1100008475
APU
1100008475

Description

This exceptional 5,184 square foot commercial property, located at 119 E Main Street in Salem, IL, presents a unique investment opportunity. The building, currently in need of renovation, offers significant versatility. Previously configured with three apartments (two large two-bedroom, one-bath units upstairs and a loft-style unit on the main level), the residential spaces are currently uninhabitable due to refuse and surface conditions. However, the structure appears sound, and the apartments were previously rated in good to above-average condition. The main retail space boasts approximately 1,000 square feet of open, clear-span area, ideal for a variety of commercial uses. This area also includes a restroom, four workstation sinks, and a rear sink in a breakroom. The property sits on a 0-acre lot in the B-2 Central Business District zoning area, allowing for diverse commercial applications. Note that a special use permit is required for any residential use, according to the Salem zoning representative. This prime downtown location offers easy access to shops, restaurants, and the courthouse, making it an attractive proposition for businesses or offices seeking high visibility and convenient access to local amenities. The property is being sold as-is. The asking price is $65,000.

Location Insight

City
Salem
County
Marion
State
Illinois
Latitude
38.6268
Longitude
-88.9448
CBSA code
16460
CBSA name
CENTRALIA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$1,560
$3,320
$15,130
$18,450
-
$9,960
$45,390
$55,350

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