Retail Space with Flexible
For Sale
$229,000
115 W Main Street, Salem, IL 62881
Two-level commercial interior offers partitioned rooms, a bar area, and separate restrooms for adaptable business use.
Property Size5,638 SF
Price / SF$40.62
Days on Market169
Property Features for 115 W Main Street
General Information
Standard status
Active
Size
5,638 SF
Property subtype
Commercial
Zoning
COMMR
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$2,204
Amenities
bar area
restrooms
Building Details
Building Size
5,638 SF
Year Built
1910
Buildings
1
Stories
2
Listing Agency:
Equity Realty Group
(618) 526-0021
Listed By:
MELISSA JARRELL · License #475.204551
(618) 526-0021
Source:
Gia-sells
Added: Mar 4
Changed: Aug 14
Last Checked: Aug 19 at 2:40PM
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 Equity Realty Group
Investment Insights
Based on property information with market context.
Located at 115 W Main Street in downtown Salem, this retail property occupies a commercial building constructed in 1910. The interior spans two levels with partitioned rooms that can support separated retail areas, offices, or private spaces; the partitions may also be removed to create a more open arrangement.
A dedicated bar area includes double sinks and small refrigerators. The property has two separate restrooms, with the ladies’ room configured with two stalls and the men’s room containing one urinal and one stall. The building is situated within an Enterprise Zone and TIF3 area, with access to I-57 approximately five minutes away.
A dedicated bar area includes double sinks and small refrigerators. The property has two separate restrooms, with the ladies’ room configured with two stalls and the men’s room containing one urinal and one stall. The building is situated within an Enterprise Zone and TIF3 area, with access to I-57 approximately five minutes away.
Key Highlights
- Two‑level retail property at 115 W Main Street in downtown Salem, IL
- Partitioned rooms on both levels can be retained or removed for a more open layout
- Bar area includes double sinks and small refrigerators
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Two-level commercial interior offers partitioned rooms, a bar area, and separate restrooms for adaptable business use.
Where is this retail space located?
The property is located at 115 W Main Street Salem, IL.
What is the asking price?
The asking price for this property is $229,000.
What are key features of this property?
This property features: Two‑level retail property at 115 W Main Street in downtown Salem, IL; Partitioned rooms on both levels can be retained or removed for a more open layout; Bar area includes double sinks and small refrigerators
