Fully Occupied Salem Retail
103 Baldridge Ln Salem, IL 62881
For Sale
$4,231,500
27,500 SF retail center in Salem, Illinois.
Property Size27,500 SF
Lot Size3.33 Acres
Price / SF$153.87
Days on Market115
Property Features for 103 Baldridge Ln
General Information
- Standard status
- Active
- Size
- 27,500 SF
- Lot size
- 3.33 Acres
- Property subtype
- Shopping Strip
Building Details
- Year Built
- 2007
Listing Agency:
Marcus & Millichap | Dallas
(972) 755-5225
Listed By:
Philip Levy · License #License(s): TX: 0522087-SA
(972) 755-5225
Source:
Marcusmillichap
Added: Apr 3
Changed: Jul 10
Last Checked: Jul 26 at 3:00AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap | Dallas
Investment Insights
Based on property information with market context.
The Salem Shopping Center is a 27,500-square-foot multi-tenant retail property located in Salem, Illinois. Constructed in 2007, the center is situated on a 3.33-acre parcel and is currently 100 percent occupied, with 100 percent of the gross leasable area under triple-net leases. Anchor tenant Dollar Tree is accompanied by Dab City Tobacco & Vape, AT&T Wireless, El Rancherito Mexican Cuisine, Shoe Sensation, CATO, Internet Gaming Cafe, Zen Nails & Spa, and World Finance Corporation. An ATM lease with Marion County Savings Bank provides additional income. The property is shadow-anchored by Walmart Supercenter and is located on Baldridge Lane, off Highway 50 (West Main Street), near the intersection with Interstate 57. Traffic counts in front of the property exceed 15,645 vehicles per day. Neighboring retailers include KFC, Arby’s, Applebee’s Grill + Bar, Denny’s, Wendy’s, McDonald’s, Taco Bell, Domino’s Pizza, Dollar General, CVS, and Verizon Wireless.
Key Highlights
- 100% Occupancy Rate with Triple‑Net Leases
- Anchored by Dollar Tree with a Diverse Tenant Mix
- Shadow‑Anchored by Walmart Supercenter
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Shopping centers
FAQs
What type of property is this?
Shopping center - 27,500 SF retail center in Salem, Illinois.
Where is this shopping center located?
The property is located at 103 Baldridge Ln Salem, IL.
What is the asking price?
The asking price for this property is $4,231,500.
What are key features of this property?
This property features: 100% Occupancy Rate with Triple‑Net Leases; Anchored by Dollar Tree with a Diverse Tenant Mix; Shadow‑Anchored by Walmart Supercenter
