Fully Leased Salem Retail
For Sale
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103 Baldridge Ln, Salem, IL 62881
27,500 SF retail center 100% leased in Salem, Illinois.
Property Size27,500 SF
Lot Size3.33 Acres
Price / SF$153.87
Days on Market495
Property Features for 103 Baldridge Ln
General Information
Standard status
Active
Size
27,500 SF
Lot size
3.33 Acres
Property subtype
Retail
Occupancy
100%
Lease Type
NNN
Net Operating Income
$380,832
Building Details
Year Built
2007
Units
10
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Dallas
(972) 755-5225
Listed By:
Philip Levy · License #TX 522087
Source:
Crexi
Added: Apr 2, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:04AM
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 Marcus & Millichap - Dallas
Investment Insights
Based on property information with market context.
The Salem Shopping Center is a 27,500-square-foot multi-tenant retail center located in Salem, Illinois. Constructed in 2007, the property is situated on a 3.33-acre parcel. The retail center is currently 100 percent leased, with all of the gross leasable area under triple-net leases. Anchor tenants include Dollar Tree, Dab City Tobacco & Vape, AT&T Wireless, El Rancherito Mexican Cuisine, CATO, Internet Gaming Cafe, Zen Nails & Spa, and World Finance Corporation. An ATM lease with Marion County Savings Bank provides additional income. The property is shadow-anchored by Walmart Supercenter and is located on Baldridge Lane, off Highway 50 (West Main Street), near the intersection with Interstate 57. Traffic counts in front of the property exceed 15,645 vehicles per day. Neighboring retailers include KFC, Arby’s, Applebee’s Grill + Bar, Denny’s, Wendy’s, McDonalds’s, Taco Bell, Domino’s Pizza, Dollar General, CVS, and Verizon Wireless.
Key Highlights
- 100% Leased with Triple‑Net Leases
- Shadow‑Anchored by Walmart Supercenter
- Located off Highway 50 (West Main Street) near Interstate 57
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
117k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 36%
Dining 30%
Shops & Services 30%
Hotels & Casinos 2%
Walmart
Superstores
42,263 visits/mo
0.1 miles
Phillips 66
Shops & Services
16,087 visits/mo
0.3 miles
Arby's
Dining
10,511 visits/mo
0.1 miles
Murphy USA
Shops & Services
9,360 visits/mo
0.1 miles
Applebee's
Dining
8,628 visits/mo
0.4 miles
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Shopping center - 27,500 SF retail center 100% leased in Salem, Illinois.
Where is this shopping center located?
The property is located at 103 Baldridge Ln Salem, IL.
What is the asking price?
The asking price for this property is $4,231,500.
What are key features of this property?
This property features: 100% Leased with Triple‑Net Leases; Shadow‑Anchored by Walmart Supercenter; Located off Highway 50 (West Main Street) near Interstate 57
