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    1407 W Main St Salem, IL 62881

    For Sale
    $370,000

    Commercial - Salem, IL

    Property size:
    2,533 SF
    Lot size:
    1.00 Acre
    Days on Market:
    10
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 1407 W Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B-3
    APN
    1100022181
    Parking
    40
    Size
    2,533 SF
    Lot size
    1.00 Acre

    Utilities

    Heating system
    Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1977
    Flooring type
    Tile
    Building materials
    Brick, Frame, Wood Siding
    Architectural style
    Other

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

    Listing agent Stacey Russell (618) 548-5123 License #471017953

    Listing date Nov 26, 2025

    MLS# EB458096 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

    Highway Restaurant with Drive-Through

    This former restaurant is located on Highway 50 in Salem, Illinois. The building encompasses over 2500 square feet, featuring an indoor seating area, kitchen, bar, and a drive-through window. On-site parking is available. The property is situated less than a mile from Interstate 57. The property is leased through December 2026. Additional grass area south of the parking lot allows for future parking expansion or storage needs. The property has highway frontage. The lot size is 1 acre. The zoning is B-3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    La Cocina Mexicana Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop 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
    -88.962378
    Latitude
    38.624803

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    FAQs

    What type of property is this?
    Drive through restaurant - Former restaurant with drive-through, leased through 2026, highway frontage.
    Where is this drive through restaurant located?
    The property is located at 1407 W Main St Salem, IL.
    What is the asking price?
    The asking price for this property is $370,000.
    What are key features of this property?
    This property features: - Highway 50 frontage location less than a mile from Interstate 57.; - Leased through December 2026.; - Building has over 2500 square feet including indoor seating, kitchen, bar, and drive-through window.
    (618) 548-5123
    Request Owner's contact information
    1407 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
    1407 W Main St Salem, IL 62881
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