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119 Main St Salem, IL 62881

Sponsored
For Sale
$65,000

High-potential 5,184 sq ft commercial space

Property size:
5,184 SF

Description

Added:
Feb 3, 2025
Days on Market:
338
This exceptional 5,184 square foot commercial property, located at 119 E Main Street in Salem, IL, presents a unique investment opportunity. The building, currently in need of renovation, offers significant versatility. Previously configured with three apartments (two large two-bedroom, one-bath units upstairs and a loft-style unit on the main level), the residential spaces are currently uninhabitable due to refuse and surface conditions. However, the structure appears sound, and the apartments were previously rated in good to above-average condition. The main retail space boasts approximately 1,000 square feet of open, clear-span area, ideal for a variety of commercial uses. This area also includes a restroom, four workstation sinks, and a rear sink in a breakroom. The property sits on a 0-acre lot in the B-2 Central Business District zoning area, allowing for diverse commercial applications. Note that a special use permit is required for any residential use, according to the Salem zoning representative. This prime downtown location offers easy access to shops, restaurants, and the courthouse, making it an attractive proposition for businesses or offices seeking high visibility and convenient access to local amenities. The property is being sold as-is. The asking price is $65,000.

Property Features for 119 Main St

General Information

Property type
Other commercial real estate
Square Feet
5,184 SF

Property Profile Location Intelligence

Current Use by Public Records

DerMajestic Tattoo And Piercing Shop Mad Hatter's body ... Tattoo And Piercing Shop

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
-88.94485
Latitude
38.62683

FAQs

What type of property is this?
Commercial real estate - High-potential 5,184 sq ft commercial space
Where is this commercial real estate located?
The property is located at 119 Main St Salem, IL.
What is the asking price?
The asking price for this property is $65,000.
More about this property
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