100 Washington StSalem, IL 62881

Property Details for 100 Washington St

Property type

Commercial real estate

APN

1100008245

APU

1100008245

Description

This exceptional 1,977 square foot commercial property in Salem, IL, presents a unique investment opportunity. Situated on N Washington Street, this building boasts high visibility with significant main street traffic exposure, surrounded by other established businesses. The property features a spacious, over 700 square foot retail space on the main level, ideal for a variety of uses. Recent updates include new LVP tile flooring and upgraded restroom facilities and electrical wiring throughout the entire complex. Adding to its income potential, the building includes two separate one-bedroom apartments, each with its own private entry staircase. A subdivided area within the retail space offers further income potential, complete with its own dedicated access and entry door. The property retains historical charm, featuring original tin ceiling tiles (over 7 feet above the current dropped ceiling) in the retail and office areas, offering a unique aesthetic opportunity. This is a rare chance to acquire a well-maintained, income-producing commercial property in a thriving downtown location. The property is offered at $159,500. More information and additional pictures are available via the multi-family listing EB451846.

Location Insight

City

Salem

County

Marion

State

Illinois

Latitude

38.6273

Longitude

-88.9445

CBSA code

16460

CBSA name

CENTRALIA, IL MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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