1601 Main St Salem, MO 65560-2454
This exceptional retail property at 1601 S Main, Salem, MO, presents a unique investment opportunity. Spanning 3.9 acres, the property boasts two substantial buildings totaling 32,962 square feet. Constructed of steel with metal roofs and joined by fire-proof walls and a door, these buildings offer exceptional durability and functionality. The south building features a concrete loading dock, ideal for efficient logistics. Both buildings are equipped with 6-inch reinforced concrete floors, capable of supporting heavy equipment like forklifts. Three-phase electric service is available in the south building. Interior walls are paneled and well-insulated, contributing to reduced utility costs. Heating is provided by ceiling-hung propane heaters, and lighting consists of 8-foot fluorescent fixtures. Each building includes two bathrooms for employee and customer convenience. The north building offers an open outer office area, complete with phone and internet services, and two private 12x15 executive offices. The property's prime location on S Main in Salem, MO, ensures high visibility and accessibility. The long-standing presence of a family-owned business on the site further underscores its established reputation and potential. The existing business may also be available for acquisition under suitable terms. This property is priced at $799,500 and represents a compelling investment in a thriving community. The dimensions of the buildings are 150x120 feet and 80x186 feet respectively.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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.