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    122 W Main St Salem, IL 62881

    New
    Pending
    For Sale
    $92,000

    Commercial - Salem, IL

    Property size:
    2,716 SF
    Days on Market:
    2
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 122 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    Commercial
    APN
    1100008135
    Size
    2,716 SF

    Utilities

    Heating system
    Electric (Heating), Forced Air, Hot Water (Heating), Natural Gas
    Cooling system
    Central Air, Multi Units, Wall/Window Unit(s), Window Unit(s)

    Building Details

    Flooring type
    Carpet, Concrete, Tile
    Building materials
    Block, Brick, Frame
    Roof type
    Flat, Metal
    Architectural style
    Other

    Somer Real Estate (618) 548-5123 [email protected]

    Listing agent CARLA SMITH (618) 548-5123 License #475191035

    Listing date Dec 4, 2025

    MLS# EB460320 Listing URL

    Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Salem Commercial Investment Opportunity

    This downtown commercial investment opportunity includes four prime properties, offered (SOLD AS IS). The store frontage facilities are very accessible, with individual access and proximity to downtown Salem attractions, a theatre, shopping, a travel agency, and the Marion County Courthouse. The location is suited for a start-up business needing accessible office space, general retail, or small units. The Salem City (Tif District) offers advantages. The parcel package includes individual units with the opportunity to grow a business. Currently, one unit houses an established insurance agency and another a dental technicians laboratory. A remodeled unit is suitable for a styling salon, skincare and therapy service, or any small business needing a kitchenette and updated restroom. The total property size is 2716 square feet. This space is ideal for downtown office space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Joe Black Agency ... Insurance Agency

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.94655
    Latitude
    38.627258

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    FAQs

    What type of property is this?
    Retail space - Prime downtown Salem commercial properties for sale as a package.
    Where is this retail space located?
    The property is located at 122 W Main St Salem, IL.
    What is the asking price?
    The asking price for this property is $92,000.
    What are key features of this property?
    This property features: - Prime downtown location in Salem, Illinois, offering high visibility and accessibility.; - Package of four commercial properties, providing diverse investment opportunities.; - Close proximity to downtown attractions, courthouse, shopping, and theatre.
    (618) 548-5123
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    122 W Main St Salem, IL 62881
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    Salem, IL 62881
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    122 W Main St Salem, IL 62881
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