1443 Whittaker StSalem, IL 62881

  • Commercial real estate
  • 0.48 AC
For Sale
$110,000 View listing

Property Details for 1443 Whittaker St

Lot size
0.48 AC
Property type
Commercial real estate
APN
1100022343
APU
1100022343

Description

This exceptional commercial property, located at 1443 Whittaker Street in Salem, Illinois, presents a unique investment opportunity. The 2,375 square foot building is situated within a thriving shopping mall, guaranteeing high visibility and significant foot traffic. The property features two distinct storefronts, each boasting large display windows ideal for showcasing merchandise and attracting potential customers. The versatile interior spaces are adaptable to a wide range of retail or service businesses, allowing for customization to meet individual needs. Modern finishes and efficient lighting contribute to a welcoming and professional atmosphere. The building's strategic placement within the bustling mall ensures a consistent flow of potential clientele. Convenient access to ample parking and various mall amenities further enhances the property's appeal. This property is priced at $110,000 and offers a compelling opportunity for businesses seeking a prime location to establish or expand their operations. The absence of a land component (0 acres) simplifies ownership and management. This is an excellent chance to secure a well-positioned commercial space in a high-demand area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,847,732
    Hospitality
    $5,356,491
    Educational
    $4,456,538
    Medical
    $4,609,805
    Retail
    $6,932,392

Location Insight

City
Salem
County
Marion
State
Illinois
Latitude
38.6228
Longitude
-88.9637
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
$1,557
$6,450
$11,970
$18,420
-
$19,350
$35,910
$55,260

FAQs

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