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    6141 MAIN Street Salisbury, IL 62677

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    For Sale
    $349,900

    COMMERCIAL - Salisbury, IL

    Added:
    Sep 12, 2025
    Days on Market:
    205
    Last Refresh:
    Apr 4 at 5:06 pm

    Property Features for 6141 MAIN Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    B3
    Standard status
    Active
    APN
    05290379018

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOTS 21 & 22 ORIGINAL TOWN OF SALISBURY & PT ADJ ALLEYS (107.25 X 207.25) (22,228 SQ FT) 29-17-6
    Tax Annual Amount
    4341

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Propane (Heating), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1998
    Floors in Building
    2
    Flooring type
    Wood, Tile
    Building materials
    Wood Siding, Log
    Roof type
    Asphalt

    We can help!

    Listing Contact
    Kathy Tega

    Listing agent Kathy Tega License #475143839

    Listing office The Real Estate Group, Inc. 3701 West Wabash, Springfield, IL

    Listing date Sep 12, 2025

    MLS# CA1039193

    Copyright © 2026 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

    Unique Commercial Property in Salisbury, IL

    Located in downtown Salisbury, this unique property currently houses The Morning Star Mercantile & Cafe and offers a multitude of possibilities. The building features over 1,800 square feet of main floor space, which can accommodate 50+ seats. An enclosed back patio provides additional seating for 35, overlooking a backyard. The 8-foot wide wrap-around front porch offers approximately 70 linear feet, comfortably seating 20 more. The second floor, equally sized, serves as a retreat with an open living space, vaulted ceiling, informal eating area, and a large kitchen with a walk-in pantry. An office nook provides additional space. Hardwood floors extend into the bedroom and a large bathroom, which includes a separate shower, jetted tub, and laundry closet. A nearly 500 square foot raised deck overlooks the lot. The property is suitable for various uses, including a restaurant/diner, bed and breakfast, event venue, retail space, showroom, or doggy daycare. The location benefits from a car count of over 2,000 per day. The listing is for the structure only and is also listed as commercial. The property is zoned B3.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bed & breakfasts

    Suggested Use

    Restaurant Auto Repair Shop Bar & Pub Computer & Electronic Repair (Bike/Boat/Book/etc) Store Plumbing Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Salisbury
    County
    Sangamon
    State
    Illinois
    Longitude
    -89.7989794
    Latitude
    39.8899622

    FAQs

    What type of property is this?
    Restaurant - Versatile commercial property with restaurant and residential potential in Salisbury.
    Where is this restaurant located?
    The property is located at 6141 MAIN Street Salisbury, IL.
    What is the asking price?
    The asking price for this property is $349,900.
    What are key features of this property?
    This property features: Prime downtown location with high traffic (over 2,000 cars per day); Versatile property suitable for multiple uses: restaurant, B&B, event venue, retail, etc.; Spacious main floor (1,800+ sf) with seating for 50+ inside and 35 on the enclosed patio
    (217) 494-0089
    We can help!
    Listing Contact
    Kathy Tega
    Real Estate License ID: 475143839
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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