You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
Back to Search
Property profile & analytics
OFF-MARKET
Land

201 Lake St Salem, IL 62881

Property ID
Property summary
AI-generated overview

This exceptional commercial property, located at 201 W LAKE Street in Salem, Illinois, 62881, presents a unique opportunity for investors and business owners. Priced at $119,000, the property features a nearly new metal building situated on a sizable lot. The building boasts a concrete floor, offering a solid foundation for various commercial uses. The interior is currently open and adaptable, allowing for customization to meet specific business needs. The building includes 10-foot ceilings, providing ample vertical space. Access is facilitated by a convenient garage door. Essential utilities are already in place, including electricity, water drains, and water lines. The property also benefits from a gravel driveway and ample parking, with at least eight spaces available. The new owner will be responsible for installing a fence or shrubbery along the west property line. This property is ideally suited for a range of commercial ventures, offering a blend of existing infrastructure and customization potential in a desirable location within Salem, IL. The property's address is precisely 201 W LAKE Street, Salem, Marion County, Illinois, with GPS coordinates of 38.6163587 latitude and -88.9469431 longitude.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 201 Lake St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message