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Masonry Drug Store Building
For Sale
$380,000

117 W 4th Street, Salem, MO 65560

Substantial commercial building with central air, natural-gas heating, and direct public access from 4th Street.

Property Size13,414 SF
Lot Size0.28 Acres
Price / SF$28.33
Days on Market13

Property Features for 117 W 4th Street

General Information

Standard status Active
Size 13,414 SF
Lot size 0.28 Acres
Property subtype Commercial

Additional Details

Asking Price $380,000
Road Access Yes

Taxes and HOA fees

Annual Taxes $2,958

Building Details

Building Size 13,414 SF
Year Built 1920
Buildings 2
Construction masonry
Listing Agency: Century 21 South Central Realty
Listed By: Shirley Manthey
Source: Exit2newbeginningz
Added: Jul 30 Changed: Aug 8 Last Checked: Aug 10 at 11:53AM

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 Century 21 South Central Realty

Investment Insights

Based on property information with market context.

Located at 117 W 4th Street in Salem, Missouri, this commercial property occupies a 1920 masonry building with a concrete foundation and built-up roof. The structure contains 13,414 square feet and is positioned on a 0.2837-acre lot measuring 12,358 square feet. Central air and four natural gas furnaces provide the building’s heating and cooling systems.

The property has direct access from 4th Street and sits within Salem’s business district and city center. Its current classification is commercial/investment, with the source information identifying potential applications that include office use and redevelopment. The asset is bank-owned and includes city street frontage, providing a substantial existing footprint for commercial planning.

Key Highlights

  • 13,414‑square‑foot commercial building constructed in 1920
  • 0.2837‑acre lot measuring 12,358 square feet
  • Masonry construction with concrete foundation and built‑up roof

Property Analytics

Current Use

Drug stores

Suggested Use

Top Pick Grocery & Convenience Store (Bike/Boat/Book/etc) Store HVAC Service Computer & Electronic Repair Catering Service Home Appliance Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

345
Businesses Nearby
Balanced
Demand for This Use

Demographics for 65560, MO

13,292
Population
6,355
Households
2.1
Avg Household Size
45
Median Age
18%
College-Educated
85%
High-School Grad
664.2 sq mi
ZIP Area
20
Density / Sq Mi
$53,423
Median Household Income
$33,606
Median Earnings
$625
Median Rent
$141,700
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Similar Off Market Nearby

  • Moser Pharmacy 900 S Main St, Salem, MO 65560
  • Vandivort Drug 117 W 4th St, Salem, MO 65560
  • Walmart Pharmacy 1101 W Highway 32, Salem, MO 65560

Frequently Asked Questions

What type of property is this?
Drug store - Substantial commercial building with central air, natural-gas heating, and direct public access from 4th Street.
Where is this drug store located?
The property is located at 117 W 4th Street Salem, MO.
What is the asking price?
The asking price for this property is $380,000.
What are key features of this property?
This property features: 13,414‑square‑foot commercial building constructed in 1920; 0.2837‑acre lot measuring 12,358 square feet; Masonry construction with concrete foundation and built‑up roof
More about this property
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