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Historic Drug Store Building
New
For Sale
$380,000

117 W 4th Street, Salem, MO 65560

Commercial Sale, Salem, MO

Property Size13,414 SF
Lot Size0.28 Acres
Price / SF$28.33
Days on Market2

Property Features for 117 W 4th Street

General Information

Property type Commercial Sale
Property subtype Other
Directions South side of 4th St. Vandivorts sign on building.
Subdivision 799 - Salem
Special listing conditions In Foreclosure, Real Estate Owned
Standard status Active
APN 08-6.0-13-4-20-008.000
Lot size 0.28 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 2958

Utilities

Utilities Cable Available
Heating system Natural Gas
Cooling system Central Air

Building Details

Year built 1920
Building materials Brick
Listing Agency: Century 21 South Central Realty · Century 21 Real Estate
Listed By: Shirley Manthey
Added: Aug 20 Changed: Aug 21 Last Checked: Aug 21 at 10:06PM
MLS# 26048489

Copyright © 2026 South Central Board of Realtors-MO. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1920, this masonry commercial building has a concrete foundation and built-up roof, with central air and four natural gas furnaces serving the interior. The property is identified for commercial and investment use and offers a substantial floor area within a historic structure.

The building fronts directly on 4th Street in Salem’s business district, with public access from the street and city-center positioning. The 0.2837-acre parcel includes 12,358 square feet of land and city street frontage. Cable service is available, and the property is bank-owned.

Key Highlights

  • 1920 construction with masonry walls and a concrete foundation
  • 0.2837‑acre lot containing 12,358 sq. ft.
  • Direct 4th Street frontage with public access

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

442
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
Rey
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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 - Masonry commercial building with central air, natural gas heating, and direct 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: 1920 construction with masonry walls and a concrete foundation; 0.2837‑acre lot containing 12,358 sq. ft.; Direct 4th Street frontage with public access
More about this property
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