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    219 Schwartz St Salem, IL 62881
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    219 Schwartz St, Salem, IL 62881

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    • Office Spaces
    Off-Market

    Value Estimations
    Cap Rate Potential
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    Current Use by Public Records

    • Monster Fitness / Gym & Fitness Center

    Property Details for 219 Schwartz St

    Year built
    1950
    Property type
    Office Spaces
    Property subtype
    Land

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use


    Location Insight

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    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.9439
    Latitude
    38.6277
    More about this property
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