300 Church St Salem, IL 62881
- Warehouses
- 1,113 SF
Current Use by Public Records
- Harness Justin / Insurance Agency
Property Details for 300 Church St
- Year built
- 1972
- Property size
- 1,113 SF
- Property type
- Warehouses
- Property subtype
- Industrial properties
Description
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.
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
- -88.9478
- Latitude
- 38.6256
