219 Schwartz St Salem, IL 62881
This exceptional 7,000 square foot commercial building presents a unique investment opportunity in Salem, IL's vibrant downtown. Ideally situated steps from the courthouse, this property enjoys high visibility and foot traffic, making it perfect for a variety of businesses. The building boasts 26 individual office spaces, offering flexibility for single or multiple tenants. A large conference room is ideal for meetings and presentations, while a spacious reception area ensures a professional welcome for clients. Employee amenities include a dedicated communications room and a convenient break room. Two restrooms are conveniently located on each floor for the building's occupants. Ample parking is a significant advantage, with on-street parking supplemented by an adjacent parking lot – a rare find in a downtown setting. The building's design allows for easy division into two separate halves, providing further adaptability to suit diverse business needs. This well-maintained property is ready for immediate occupancy and offers significant potential for growth and profitability. The asking price is $219,000.
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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
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.