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    219 Schwartz St Salem, IL 62881

    Sponsored
    For Sale
    $219,000

    Prime location, 26 offices, high traffic.

    Property size:
    7,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    340
    This exceptional 7,000 square foot commercial building presents a unique investment opportunity in Salem, IL's vibrant downtown. Ideally situated steps from the courthouse, this property enjoys high visibility and foot traffic, making it perfect for a variety of businesses. The building boasts 26 individual office spaces, offering flexibility for single or multiple tenants. A large conference room is ideal for meetings and presentations, while a spacious reception area ensures a professional welcome for clients. Employee amenities include a dedicated communications room and a convenient break room. Two restrooms are conveniently located on each floor for the building's occupants. Ample parking is a significant advantage, with on-street parking supplemented by an adjacent parking lot – a rare find in a downtown setting. The building's design allows for easy division into two separate halves, providing further adaptability to suit diverse business needs. This well-maintained property is ready for immediate occupancy and offers significant potential for growth and profitability. The asking price is $219,000.

    Property Features for 219 Schwartz St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,000 SF

    Building Details

    Year Built
    1950
    Property Profile Location Intelligence

    Current Use by Public Records

    Monster Fitness Gym

    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
    -88.94381
    Latitude
    38.62783

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    FAQs

    What type of property is this?
    Commercial real estate - Prime location, 26 offices, high traffic.
    Where is this commercial real estate located?
    The property is located at 219 Schwartz St Salem, IL.
    What is the asking price?
    The asking price for this property is $219,000.
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    219 Schwartz 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
    219 Schwartz St Salem, IL 62881
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