Salem, IL Commercial Real Estate for Sale

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Downtown Salem Commercial Investment Opportunity

Pending

$92,000

Downtown Salem Commercial Investment Opportunity

122 W Main St, Salem, IL 62881

Prime commercial properties in downtown Salem, Illinois, sold as-is.

Prime downtown location within walking distance to attractions, theatre, shopping, and the courthouse.
Investment opportunity including four parcels with store frontage facilities.
Located within the Salem City TIF District, offering potential financial advantages.
Remodeled unit suitable for a styling salon, skincare/therapy service, or small business with kitchenette and updated restroom.
Versatile spaces suitable for office space, general retail, or small business startups.

Updated: Dec 9, 2025

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$195,000

Turn-Key Restaurant in Downtown Salem

206 E Main St, Salem, IL 62881

Updated restaurant space ready for immediate operation in downtown Salem.

Turn‑key restaurant ready for immediate operation.
Includes all necessary equipment: sinks, ovens, dishes, spacious coolers.
Updated space with storage and expansion potential.
Prime downtown location near the courthouse and businesses.
Suitable for various dining concepts.

Updated: Oct 31, 2025

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$370,000

1.00 Acre

Highway Frontage Restaurant Opportunity

Former restaurant with drive-through, leased through 2026.

1407 W Main St, Salem, IL 62881

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$169,000

0.31 Acres

Commercial Property on Highway 50

Highway-fronting commercial building with shop and office areas.

1101 W Main St, Salem, IL 62881

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Salem Commercial Property - Huge Potential

$485,000

24,000 SF

Salem Commercial Property - Huge Potential

24,000 sq ft, 2.2 acres, high traffic area

121 Westgate Ave, Salem, IL 62881

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$180,000

1,960 SF

Salem IL Commercial Property

Two Buildings, 1.29 Acres, B3 Zoning

2010 Mitchell St, Salem, IL 62881

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$205,000

3,168 SF

206 Main St, Salem, IL 62881

Commercial real estate • 3,168 SF

206 Main St, Salem, IL 62881

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Salem Commercial Building - Prime Location

$96,000

1,113 SF

Salem Commercial Building - Prime Location

Downtown Salem, IL - Versatile Commercial Space

300 Church St, Salem, IL 62881

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Salem Commercial Building - Huge Potential

$315,000

4,993 SF

Salem Commercial Building - Huge Potential

Versatile 4,993 sq ft building, ideal for many uses.

400 Pruyn St, Salem, IL 62881

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$95,000

7,500 SF

\"" Salem Cycles\"" and \""Ritter Farms\"". The Commercial location includes three separate spaces for three individual businesses or could be combined into one large location on the main level. The main floor Has a newer HVAC unit. The upstairs has four separate rental units one is currently rented for $550 a month the other three units need some TLC to get them in rentable condition. Some plumbing and electrical work has been done. With some vision and some sweat equity this building could be a great investment opportunity! NOTE: Call the City of Salem to discuss availability of Tiff funds and other possible grants available. Call today for your private showing!""""}"""

Historic Salem Commercial Building

121-123 Main St, Salem, IL 62881

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$65,000

5,184 SF

Downtown Salem Commercial Gem

High-potential 5,184 sq ft commercial space

119 Main St, Salem, IL 62881

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$86,500

2,700 SF

Salem Main Street Commercial Building

Prime Salem location, 2700 sq ft, great potential.

207 Main St, Salem, IL 62881

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$219,000

7,000 SF

Downtown Salem Commercial Building

Prime location, 26 offices, high traffic.

219 Schwartz St, Salem, IL 62881

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Salem Shopping Center: Prime Retail Investment

$4,482,509

27,500 SF

Salem Shopping Center: Prime Retail Investment

100% Leased, Multi-Tenant Retail Center

103 Baldridge Ln, Salem, IL 62881

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Contact for pricing

4,783 SF

KFC Restaurant Investment Opportunity

NNN leased KFC in Salem, IL with annual rent increases.

101 Baldridge Ln, Salem, IL

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Based on your search, we've compiled 567 Potential Opportunities for your consideration. Besides 15 Active listings in Salem, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 545 Off-Market properties to explore as potential leads, plus 3 Land Listings that present a potential for development.

Explore Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

$400,000

80.00 Acres

Agricultural Land Auction in Sandoval

Approximately 80-acre agricultural tract with hunting potential near Ferrydale Bottoms.

2000 Fairman Rd, Sandoval, IL 62882

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Contact for pricing

2.15 Acres

Land Parcel in Sandoval, Illinois

Land with multiple lots and electric access in Sandoval.

N Jefferson St, Sandoval, IL 62882

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$365,400

0.43 Acres

Partially Renovated Apartment Complex

Investment opportunity: partially renovated apartment complex with building materials included.

223 N Broadway St, Centralia, IL 62801

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$119,900

Centralia Commercial Office Building For Sale

Commercial office building near hospital, suitable for medical or other businesses.

205 N Davis Ave, Centralia, IL 62801

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

$196,500

0.80 Acres

Highway Visible Commercial Acreage

Commercial land with highway visibility and existing structures.

112 N Missouri Ave, Salem, IL 62881

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$59,900

Commercial Land on Route 50

Three lots with business zoning and development potential.

799 E Main St, Salem, IL 62881

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$800,000

5.20 Acres

Commercial Land Near I-57 Ramp

Commercial land for sale near I-57 in Salem, Illinois.

130 N Hotze Rd, Salem, IL 62881

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Explore Off-Market Properties in Salem, IL

Consider similar Off-Market properties in Salem, IL. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

121-123 Main St

Commercial real estate • 7,500 SF

Value Estimation by Request

121-123 Main St, Salem, IL 62881

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219 Schwartz St

Commercial real estate • 7,000 SF

Value Estimation by Request

219 Schwartz St, Salem, IL 62881

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300 Church St

Commercial real estate • 1,113 SF

Value Estimation by Request

300 Church St, Salem, IL 62881

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612 Main St

Neighborhood centers • 7,000 SF

Value Estimation by Request

612 Main St, Salem, IL 62881

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2010 Mitchell St

Commercial real estate • 1,960 SF

Value Estimation by Request

2010 Mitchell St, Salem, IL 62881

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201 Lake St

Commercial real estate • 3,080 SF

Value Estimation by Request

201 Lake St, Salem, IL 62881

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103 Baldridge Ln

Lifestyle centers • 27,500 SF

Value Estimation by Request

103 Baldridge Ln, Salem, IL 62881

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300 Church St

Distribution properties • 1,113 SF

Value Estimation by Request

300 Church St, Salem, IL 62881

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400 Pruyn St

Commercial real estate • 4,993 SF

Value Estimation by Request

400 Pruyn St, Salem, IL 62881

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Salem, IL Commercial Real Estate Investment Opportunities Market Analysis

Explore 549 commercial real estate investment opportunities in Salem, IL with 15 listings featured on our commercial real estate marketplace. The current inventory includes 28,980,341 square feet of properties with an estimated value of $67,843,509.

Estimated prices for commercial real estate in Salem, IL begin at $50,000, with an average of $510,101 and extend to $7,325,000.

In Salem, IL, current investment values show:

Other commercial real estate positioned at $462,785
Industrial properties measuring $963,333
Other industrial properties assessed at $963,333
Land calculated at $394,100

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Salem, IL Commercial Real Estate for Sale

Downtown Salem Commercial Investment Opportunity

Prime commercial properties in downtown Salem, Illinois, sold as-is.

Turn-Key Restaurant in Downtown Salem

Updated restaurant space ready for immediate operation in downtown Salem.

Highway Frontage Restaurant Opportunity

Commercial Property on Highway 50

Salem Commercial Property - Huge Potential

Salem IL Commercial Property

206 Main St, Salem, IL 62881

Salem Commercial Building - Prime Location

Salem Commercial Building - Huge Potential

Downtown Salem Commercial Gem

Salem Main Street Commercial Building

Downtown Salem Commercial Building

Salem Shopping Center: Prime Retail Investment

KFC Restaurant Investment Opportunity

Explore Opportunities in Nearby Cities

Agricultural Land Auction in Sandoval

Land Parcel in Sandoval, Illinois

Partially Renovated Apartment Complex

Centralia Commercial Office Building For Sale

Potential Development Sites for Consideration

Highway Visible Commercial Acreage

Commercial Land on Route 50

Commercial Land Near I-57 Ramp

Explore Off-Market Properties in Salem, IL

121-123 Main St

219 Schwartz St

300 Church St

612 Main St

2010 Mitchell St

201 Lake St

103 Baldridge Ln

300 Church St

400 Pruyn St

Salem, IL Commercial Real Estate Investment Opportunities Market Analysis

In Salem, IL, current investment values show:

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