Fully Leased Salem Retail
103 Baldridge Ln, Salem, IL 62881
For Sale
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27,500 SF retail center 100% leased in Salem, Illinois.
Property Size27,500 SF
Lot Size3.33 Acres
Price / SF$153.87
Days on Market587
Property Features for 103 Baldridge Ln
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Lease Type
Net Operating Income
Building Details
Year Built
Units
Tenancy
Listing Agency:
Marcus & Millichap - Dallas
Listed By:
Philip Levy · License TX #522087
(972) 755-5225
Source:
Crexi
Added: Apr 2, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:04AM
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
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Investment Insights
Based on property information with market context.
The Salem Shopping Center is a 27,500-square-foot multi-tenant retail center located in Salem, Illinois. Constructed in 2007, the property is situated on a 3.33-acre parcel. The retail center is currently 100 percent leased, with all of the gross leasable area under triple-net leases. Anchor tenants include Dollar Tree, Dab City Tobacco & Vape, AT&T Wireless, El Rancherito Mexican Cuisine, 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, McDonalds’s, Taco Bell, Domino’s Pizza, Dollar General, CVS, and Verizon Wireless.
Key Highlights
- 100% Leased with Triple‑Net Leases
- Shadow‑Anchored by Walmart Supercenter
- Located off Highway 50 (West Main Street) near Interstate 57
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
301
Businesses Nearby
2k
Monthly Visits Nearby
Under-served
Demand for This Use
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Business Placement
Foot Traffic Nearby
Dining 100%
Joe's Pizza
Dining
1,567 visits/mo
0.5 miles
Demographics for 62881, IL
11,053
Population
5,032
Households
2.2
Avg Household Size
42
Median Age
18%
College-Educated
93%
High-School Grad
99.2 sq mi
ZIP Area
111
Density / Sq Mi
$69,025
Median Household Income
$42,567
Median Earnings
$750
Median Rent
$111,500
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Shopping center - 27,500 SF retail center 100% leased 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% Leased with Triple‑Net Leases; Shadow‑Anchored by Walmart Supercenter; Located off Highway 50 (West Main Street) near Interstate 57
