400 Pruyn St, Salem, IL 62881
This exceptional Salem, IL commercial property, listed at $315,000, offers 4,993 square feet of versatile space in a 1-building complex. Previously a daycare, its RS-2 zoning allows for diverse uses including residential, daycare, duplex, church, or community center. The well-maintained building boasts modern safety features such as a sprinkler and alarm system, plus a backup generator for reliable operation. A large, fenced yard with concrete flooring provides ample space for outdoor activities or events. Ten dedicated parking spots ensure convenient access. An appraisal is available, providing transparency and supporting the competitive asking price. This property presents a unique opportunity for investors seeking a high-return investment with flexible usage options in a desirable location. The building's open floor plan allows for easy customization to suit various needs. Its prime location in Salem, Illinois, offers excellent visibility and accessibility. The combination of functional features, flexible zoning, and competitive pricing makes this a compelling investment opportunity.
-
Child Development Center Daycare 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
Similar Nearby for Lease
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.