300 Church St Salem, IL 62881
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.
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Harness Justin Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.