119 Main St Salem, IL 62881
- Commercial real estate
Current Use by Public Records
- DerMajestic / Tattoo And Piercing Shop
- Mad Hatter's body art studio / Tattoo And Piercing Shop
Property Details for 119 Main St
- Property type
- Commercial real estate
- APN
- 1100008475
- APU
- 1100008475
Description
This exceptional 5,184 square foot commercial property, located at 119 E Main Street in Salem, IL, presents a unique investment opportunity. The building, currently in need of renovation, offers significant versatility. Previously configured with three apartments (two large two-bedroom, one-bath units upstairs and a loft-style unit on the main level), the residential spaces are currently uninhabitable due to refuse and surface conditions. However, the structure appears sound, and the apartments were previously rated in good to above-average condition. The main retail space boasts approximately 1,000 square feet of open, clear-span area, ideal for a variety of commercial uses. This area also includes a restroom, four workstation sinks, and a rear sink in a breakroom. The property sits on a 0-acre lot in the B-2 Central Business District zoning area, allowing for diverse commercial applications. Note that a special use permit is required for any residential use, according to the Salem zoning representative. This prime downtown location offers easy access to shops, restaurants, and the courthouse, making it an attractive proposition for businesses or offices seeking high visibility and convenient access to local amenities. The property is being sold as-is. The asking price is $65,000.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Marion
- State
- Illinois
- Longitude
- -88.9448
- Latitude
- 38.6268
- CBSA code
- 16460
- CBSA name
- CENTRALIA, IL MICROPOLITAN STATISTICAL AREA
