115 Jefferson St, Salem, IL 62881-2914
This 2,400 sq ft commercial warehouse in downtown Salem, IL, presents a unique investment opportunity. Located at 115 N Jefferson Street, 62881, this property, formerly a pool hall, is ideally suited for a variety of uses, including office space, retail, or temperature-controlled storage. The building features a newer roof and an efficient HVAC system, ensuring year-round comfort. Its prime location within the TIFF district and Enterprise Zone offers significant advantages for businesses seeking a strategic location. The asking price is $50,000, making it an attractive option for entrepreneurs and investors alike. The property's flexible layout and central location in Salem, Marion County, Illinois, provide ample potential for a wide range of commercial ventures. This is a move-in ready space with significant upside potential in a thriving downtown area. The property's address is easily accessible and benefits from high visibility. This is a rare opportunity to acquire a well-maintained commercial building at an affordable price in a desirable location.
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THAT SHOP (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.