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    1443 Whittaker St Salem, IL 62881

    Sponsored
    For Sale
    $110,000

    Prime Retail Space, High Traffic, $110,000

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional commercial property, located at 1443 Whittaker Street in Salem, Illinois (zip code 62881), presents a lucrative investment opportunity. Priced at $110,000, this property consists of two commercial storefronts situated within a thriving shopping mall. The strategic location ensures high visibility and significant foot traffic, providing ideal conditions for a variety of retail or service businesses. Each storefront boasts large display windows, perfect for showcasing merchandise and attracting potential customers. The interior spaces are adaptable and spacious, allowing for customization to suit individual business needs. Modern finishes and efficient lighting create an inviting atmosphere for shoppers. The property benefits from convenient access to ample parking and all the amenities offered by the surrounding mall, further enhancing its appeal. This is a turnkey opportunity for businesses seeking a strong presence in a busy commercial center. The property is classified as land and retail, and is located in Marion County, Illinois. The property's coordinates are 38.6226° N, 88.9633° W.

    Property Features for 1443 Whittaker St

    General Information

    Property type
    Retail properties

    Building Details

    Buildings
    2

    HighLights

    • Two commercial storefronts in a Salem, IL shopping mall.
    • $110,000 asking price.
    • High visibility and foot traffic in a thriving shopping center.
    • Large display windows and adaptable interior spaces.
    • Ample parking and convenient mall amenities.
    • Located at 1443 Whittaker Street, Salem, IL 62881 (Marion County).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop 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
    -88.9633035
    Latitude
    38.6225994

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    FAQs

    What type of property is this?
    Retail property - Prime Retail Space, High Traffic, $110,000
    Where is this retail property located?
    The property is located at 1443 Whittaker St Salem, IL.
    What is the asking price?
    The asking price for this property is $110,000.
    What are key features of this property?
    This property features: Two commercial storefronts in a Salem, IL shopping mall.; $110,000 asking price.; High visibility and foot traffic in a thriving shopping center.
    Request Owner's contact information
    1443 Whittaker 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
    1443 Whittaker St Salem, IL 62881
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