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Property profile & analytics
OFF-MARKET
Warehouses

300 Church St Salem, IL 62881

1,113 SF Built 1972
Property ID
Property summary
AI-generated overview

This 1,113-square-foot warehouse, located at 300 W Church Street in Salem, Illinois (zip code 62881), presents a compelling investment opportunity at an asking price of $106,000. Built in 1972, this single-building property sits on a lot with ample parking, including 23 spaces and an additional north lot currently generating $100/month in rental income. The property is zoned for commercial use (APN: 11-00-009-381) and is conveniently situated just two blocks south of West Main Street. The interior features two large office suites, a kitchenette, and substantial storage space. A large safe is included in the sale. This versatile space offers numerous possibilities for entrepreneurs seeking a well-located commercial property. Potential city grants and incentives may be available for this property. This is a rare opportunity to acquire a well-maintained, established commercial building in a desirable location.

Property profile
Verified
Property type Warehouses
Year built 1972
Total area 1,113 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Harness Justin Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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