201 Lake St Salem, IL 62881
- Land
Current Use by Public Records
- Land
Property Details for 201 Lake St
- Property type
- Land
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Illinois
- Longitude
- -88.9469
- Latitude
- 38.6164
