Mixed-Use Building with Four
For Sale
Contact for pricing
121-123 W MAIN Street, Salem, IL 62881
Historic two-level property offers flexible commercial space and rental units in Salem’s downtown district.
Property SizeContact for details
Days on Market858
Property Features for 121-123 W MAIN Street
General Information
Standard status
Active
Property subtype
Office, Retail
Zoning
Comme
Building Details
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Midwest Farm & Land Co. LLC
(618) 367-0535
Listed By:
SIRETHA HOWE · License #475196627
Source:
Crexi
Added: Apr 25, 2024
Changed: Aug 30
Last Checked: Aug 30 at 12:55AM
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 Midwest Farm & Land Co. LLC
Investment Insights
Based on property information with market context.
Built in 1940, this mixed-use property combines adaptable commercial space with rental accommodations on the upper level. The main floor is divided into three separate business areas that can remain independent or be joined into a larger commercial layout. A newer HVAC unit serves the main floor, and some plumbing and electrical improvements have been completed.
The upper level contains four separate rental units. One is currently occupied, while the other three require additional work before they can be rented. The building is located in Salem’s downtown district and is zoned Comme. Its configuration supports a combination of commercial and rental uses within one property.
The upper level contains four separate rental units. One is currently occupied, while the other three require additional work before they can be rented. The building is located in Salem’s downtown district and is zoned Comme. Its configuration supports a combination of commercial and rental uses within one property.
Key Highlights
- 1940 construction in Salem’s downtown district
- Three separate main‑floor commercial spaces that can be combined
- Four separate rental units on the upper level
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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?
Mixed-use property - Historic two-level property offers flexible commercial space and rental units in Salem’s downtown district.
Where is this mixed-use property located?
The property is located at 121-123 W MAIN Street Salem, IL.
What is the asking price?
The asking price for this property is $95,000.
What are key features of this property?
This property features: 1940 construction in Salem’s downtown district; Three separate main‑floor commercial spaces that can be combined; Four separate rental units on the upper level
