400 Pruyn St Salem, IL 62881
- Commercial real estate
- 4,993 SF
- 0.40 lot acres
Current Use by Public Records
- Child Development Center / Day Care Center
Property Details for 400 Pruyn St
- Lot size
- 0.40 lot acres
- Property size
- 4,993 SF
- Property type
- Commercial real estate
Description
This exceptional 4,993 square foot commercial building located at 400 S Pruyn Street in Salem, Illinois, presents a remarkable investment opportunity. Previously utilized as a daycare center, its flexible RS-2 zoning allows for a diverse range of potential uses, including residential conversion, continued operation as a daycare, development into a duplex, or establishment of a church or community center. The building boasts a well-maintained interior with open, adaptable floor plans, providing ample space for customization. Safety is prioritized with a comprehensive sprinkler and alarm system, ensuring peace of mind for occupants and users. Power outages are mitigated by a reliable backup generator, a significant advantage for various business models. The property also features a substantial fenced-in yard with concrete flooring, perfect for outdoor activities, events, or additional parking. Ten dedicated parking spaces are available for convenience. An appraisal has been conducted, providing transparency and confidence in the competitive asking price of $315,000. Situated on a 0.4-acre lot, this property offers significant potential for a variety of ventures and represents a compelling investment in a desirable location.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Illinois
- Longitude
- -88.9538
- Latitude
- 38.6243
