219 Schwartz St Salem, IL 62881
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.
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Monster Fitness Gym & Fitness Center
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.