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Medical Office with Private Parking
For Sale
$169,900

216 W 3rd Street, Salem, MO 65560

Separate entrances serve the property from Third Street and N. Jackson.

Property Size3,538 SF
Price / SF$48.02
Days on Market9

Property Features for 216 W 3rd Street

General Information

Standard status Active
Size 3,538 SF
Property subtype Commercial

Additional Details

Road Access Yes
Currently Operating Yes
Property Use Medical Office
Medical Specialty chiropractic care, massage therapy, medical offices

Taxes and HOA fees

Annual Taxes $1,487

Building Details

Building Size 3,538 SF
Year Built 1925
Buildings 1
Listing Agency: Flowers Home Realty
Listed By: Marletta Flowers
Source: Flowershomerealty
Added: Oct 16 Changed: Oct 23 Last Checked: Oct 23 at 1:28PM

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 Flowers Home Realty

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Investment Insights

Based on property information with market context.

Built in 1925, this 3,538-square-foot medical office property has multiple treatment rooms, private offices, a reception area, three bathrooms, and a break room with kitchen. Its current uses include chiropractic care, massage therapy, and medical offices. Entrances on Third Street and N. Jackson provide two points of access. A private concrete parking area offers off-street parking.

The property is in downtown Salem, near restaurants, the post office, Salem Public Library, tax services, and shopping. Improvements include a new roof and exterior siding completed within the last four years, along with an updated central furnace and A/C.

Key Highlights

  • 3,538‑square‑foot medical office property built in 1925
  • Multiple treatment rooms, private offices, reception area, three bathrooms, and break room with kitchen
  • Current uses include chiropractic care, massage therapy, and medical offices

Property Analytics

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Current Use

Medical Office Space

Suggested Use

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

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025

Similar Off Market Nearby

  • Mid Ozark Animal Health Center — 900 State Hwy 32, Salem, MO 65560
  • Cunningham Ashlee DVM — 900 Scenic Rivers Blvd, Salem, MO 65560
  • Dent County Veterinary Clinic — 403 N Henderson St, Salem, MO 65560

Frequently Asked Questions

What type of property is this?
Medical Office Space - Separate entrances serve the property from Third Street and N. Jackson.
Where is this medical office space located?
The property is located at 216 W 3rd Street Salem, MO.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 3,538‑square‑foot medical office property built in 1925; Multiple treatment rooms, private offices, reception area, three bathrooms, and break room with kitchen; Current uses include chiropractic care, massage therapy, and medical offices
More about this property
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