Renovated Showroom and Service
For Sale
Contact for pricing
501 Salem Pl, Fairview Heights, IL
Recently renovated showroom and service center with high traffic visibility.
Property Size14,295 SF
Lot Size3.37 Acres
Price / SF$216.86
Days on Market352
Property Features for 501 Salem Pl
General Information
Standard status
Active
Size
14,295 SF
Lot size
3.37 Acres
Property subtype
RETAIL
Listing Agency:
BARBERMurphy
(618) 277-4400
Listed By:
Collin Fischer
(618) 420-2376
Source:
Moodyscre
Added: Nov 14, 2025
Changed: Oct 25
Last Checked: Nov 1 at 8:55AM
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 BARBERMurphy
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 14,295 square foot showroom and service center, formerly a recreational motor sports dealer, is available for sale. The facility was fully renovated in 2023, with the roof and epoxy flooring in near-new condition. The property features a large showroom, a customer lounge, and four sales offices, with floor-to-ceiling windows. The service area includes 10 service bays with two drive-in overhead doors (8x10 and 10x12), and a private manager's office with a covered delivery service area. An oil/water separator runs the length of the service area. The property has no use restrictions. Located on the north side of I-64 across from St. Clair Square Mall, the facility has visibility to both eastbound and westbound travelers, with an average daily traffic of 78,800. The site is accessible from I-64’s Exit 12, along the frontage road.
Key Highlights
- Fully renovated in 2023, this property boasts near‑new condition, including the roof and epoxy flooring.
- Excellent visibility and high traffic location** on I‑64 across from St. Clair Square Mall (78,800 average daily traffic).
- 14,295 SF showroom and service center with no use restrictions.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,833
Cap Rate
4.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,660
$2.9M
Cap Rate 7%
$2,040,471
$2.0M
Cap Rate 9%
$1,587,033
$1.6M
Market Conditions
NOI Build-Up for 14,295 SF
Gross rent
$223.0K $15.60/SF
− Vacancy
−$19.0K −$1.33/SF
EGI
$204.0K $14.27/SF
− OpEx
−$61.2K −$4.28/SF
NOI
$142.8K $9.99/SF
Area
St. Clair County, IL
Vacancy
8.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,856,660
Cap Rate 7%
$2,040,471
Cap Rate 9%
$1,587,033
Alternative Uses
Best Use
Retail
$2.04M
$1.79M – $2.38M
NOI $142,833 @ 7.0% cap · market cap 4.61%
Second Best
Industrial
$1.31M
$1.15M – $1.53M
NOI $91,914 @ 7.0% cap · market cap 2.96%
Theoretical Best
Office A
$3.38M
$2.96M – $3.95M
NOI $236,890 @ 7.0% cap · market cap 7.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
912
Businesses Nearby
1.1M
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Apparel 29%
Shops & Services 24%
Home Improvements & Furnishings 7%
Kohl's
Apparel
68,749 visits/mo
0.1 miles
Raising Cane's Chicken Fingers
Dining
63,953 visits/mo
0.4 miles
Chick-fil-A
Dining
63,127 visits/mo
0.2 miles
Five Below
Shops & Services
60,666 visits/mo
0.2 miles
T.J. Maxx
Apparel
51,400 visits/mo
0.2 miles
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
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- U-Haul Neighborhood Dealer — 19 Ashland Ave, Fairview Heights, IL 62208
- U-Haul Neighborhood Dealer — 10850 Lincoln Trail Bldg 21, Fairview Heights, IL 62208
- Budget Truck Rental — 10 Lincoln Hwy, Fairview Heights, IL 62208
Frequently Asked Questions
What type of property is this?
Automotive property - Recently renovated showroom and service center with high traffic visibility.
Where is this automotive property located?
The property is located at 501 Salem Pl Fairview Heights, IL.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: Fully renovated in 2023, this property boasts near‑new condition, including the roof and epoxy flooring.; Excellent visibility and high traffic location** on I‑64 across from St. Clair Square Mall (78,800 average daily traffic).; 14,295 SF showroom and service center with no use restrictions.
