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Property profile & analytics
OFF-MARKET
Office Spaces

219 Schwartz St Salem, IL 62881

Built 1950
Property ID
Property summary
AI-generated overview

This well-maintained commercial building presents a rare investment opportunity in Salem, Illinois' desirable downtown area. Located steps from the courthouse, this 1950-built property boasts a 7,000 sq ft lot and offers exceptional flexibility. The building features 26 individual office spaces, ideal for various business needs, along with a large conference room, spacious reception area, dedicated communications room, and a convenient break room. Two restrooms are located on each half of the building. Ample parking is available with on-street parking and an adjacent lot—a rare find in the downtown area. The building's design allows for division into two halves, offering various leasing options from single to multiple office spaces. This prime location and versatile layout make it an attractive investment for businesses seeking a thriving downtown presence. The asking price is $219,000. This is a single building on a 7,000 square foot lot. The property is ready for immediate occupancy and offers a strong return on investment. Don't miss this chance to own a piece of Salem's vibrant downtown.

Property profile
Verified
Property type Office Spaces
Year built 1950
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
  • Monster Fitness Gym & Fitness Center
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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