Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Daycare Center
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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