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    1701 Main St Salem, MO 65560

    For Sale
    $799,500

    Established Business, Prime Location, Two Buildings

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional commercial property in Salem, MO, presents a rare opportunity. Spanning 3.88 acres, the property comprises two substantial buildings located at 1701 & 1601 S Main Street. Both structures, measuring 150x120 and 80x186 feet respectively, boast durable steel construction with metal roofs. A fire-resistant wall and door connect the buildings, enhancing safety and functionality. The buildings feature robust 6-inch reinforced concrete floors, easily accommodating heavy equipment like forklifts. A convenient concrete loading dock is situated on the south building's south side. The south building is equipped with three-phase electric power, while both buildings benefit from ceiling-hung propane heaters and energy-efficient 8-foot fluorescent lighting. Each building includes two bathrooms for employee and customer convenience. The north building offers a versatile open office area, complete with existing phone and internet services, complemented by two private 12x15 executive offices. The property's long-standing history as the location of a family-owned furniture store for over a century ensures high visibility and established brand recognition within the community. The existing furniture store business may also be available under suitable terms. This property offers significant potential for a variety of commercial uses, benefiting from its prime location and substantial infrastructure.

    Property Features for 1701 Main St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    169,013 SF

    Building Details

    Year Built
    1974
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Dent
    State
    Missouri
    Longitude
    -91.53577
    Latitude
    37.63147

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    FAQs

    What type of property is this?
    Commercial real estate - Established Business, Prime Location, Two Buildings
    Where is this commercial real estate located?
    The property is located at 1701 Main St Salem, MO.
    What is the asking price?
    The asking price for this property is $799,500.
    729-7622
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    1701 Main St Salem, MO 65560
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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
    1701 Main St Salem, MO 65560
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