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    612 Main St Salem, IL 62881

    Sponsored
    For Lease
    Contact for pricing

    Prime Salem retail space, high visibility.

    Lot size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7,000-square-foot retail property is located at 612 W Main St, Salem, IL, 62881, in Marion County. The single-tenant building sits on a 0.99-acre lot (43,202 square feet) and offers ample parking with 36 spaces. Its prime location on the northeast corner of W Main St and Castle Ave ensures high visibility and strong foot traffic. The property boasts a long history as a well-established retail staple in the Salem community, providing excellent brand recognition and opportunities for engaging signage. The building is ready for immediate occupancy, presenting a unique opportunity for businesses seeking a prominent location within the Salem business district. This is an ideal space for a retailer looking to establish or expand their presence in a thriving community. The property's size and location make it suitable for a variety of retail uses. The building's excellent condition and ample parking further enhance its appeal to potential tenants. This is a rare opportunity to secure a landmark retail space in a desirable location.

    Property Features for 612 Main St

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,000 SF

    Unit(s) available at that property

    Space
    Available Space
    Size
    7,000 SF

    HighLights

    • Lease Rate: Highly Negotiable
    • One (1) Unit Available
    • 7,000 Square Feet (SF) Available
    • 0.99‑Acre Lot
    • 7,000 SF Building
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.951578615659
    Latitude
    38.627050745029

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    Nearby Similar for Lease

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    FAQs

    What type of property is this?
    Neighborhood center - Prime Salem retail space, high visibility.
    Where is this neighborhood center located?
    The property is located at 612 Main St Salem, IL.
    What are key features of this property?
    This property features: Lease Rate: Highly Negotiable; One (1) Unit Available; 7,000 Square Feet (SF) Available
    Request Owner's contact information
    612 Main St Salem, IL 62881
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    Salem, IL 62881
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    612 Main St Salem, IL 62881
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