2010 Mitchell St Salem, IL 62881
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.
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.