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Property profile & analytics
OFF-MARKET
Warehouses

2010 Mitchell St Salem, IL 62881

Property ID
Property summary
AI-generated overview

This exceptional investment opportunity in Salem, Illinois presents two commercial buildings totaling 2344 square feet on a sizable 1.29-acre lot. Ideally situated on West Mitchell Street, the property benefits from convenient city access and is zoned B3 business, making it perfect for a variety of commercial uses. The buildings are ready for immediate occupancy, offering a turnkey solution for entrepreneurs looking to establish a new business or expand an existing one. Building 1 boasts a generous 1960 square feet of space, including a convenient 8'6" x 8' overhead door, ideal for loading and unloading. Building 2 provides an additional 384 square feet of usable area. Both buildings feature an office space and are equipped with gas heating, ensuring year-round comfort and functionality. The property's substantial size and versatile zoning provide ample room for growth and expansion, making it an attractive proposition for discerning investors seeking a strong return on investment in a thriving Illinois community. The asking price is $195,000. This is a rare opportunity to acquire a well-located, ready-to-use commercial property in a desirable market.

Property profile
Verified
Property type Warehouses
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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