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    207 Main St Salem, IL 62881

    Sponsored
    For Sale
    $86,500

    Prime Salem location, 2700 sq ft, great potential.

    Property size:
    2,700 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This exceptional 2,700 square foot commercial building is ideally situated on Main Street in the heart of Salem's bustling business district. Boasting prominent street frontage, this property presents a versatile opportunity for a variety of commercial uses. The current layout features a spacious reception and waiting area, perfectly suited for retail operations or as a welcoming entrance to office space. A sizable conference room provides a professional setting for meetings, while three individual offices offer privacy for focused work. Additional amenities include a dedicated workroom, restroom facilities, a convenient file room, and a comfortable break area. A partial basement offers extra storage space, and the abundance of storage could easily be adapted for retail warehousing needs. Parking is readily available, with on-street parking directly in front of the building, supplemented by several private parking spaces accessible from the rear. The 0.08-acre lot provides ample space for convenient access and potential future expansion. This property represents a rare opportunity to acquire a well-maintained commercial building in a highly desirable location with significant potential for growth and profitability. The flexible floor plan and ample storage make it suitable for a wide range of businesses. Don't miss this chance to establish your business in the vibrant Salem commercial district.

    Property Features for 207 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,700 SF
    Lot Size
    3,485 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Quad County Title ... Title Company Near North Title ... Title Company

    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
    -88.94421
    Latitude
    38.62685

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Salem location, 2700 sq ft, great potential.
    Where is this commercial real estate located?
    The property is located at 207 Main St Salem, IL.
    What is the asking price?
    The asking price for this property is $86,500.
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    207 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
    207 Main St Salem, IL 62881
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