207 E Main St, Salem, IL 62881
For Sale
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This exceptional 2,700 square foot commercial building is ideally situated on Main Street in the heart of Salem's bustling business district. Boasting prominent street frontage, this property presents a versatile opportunity for a variety of commercial uses. The current layout features a spacious reception and waiting area, perfectly suited for retail operations or as a welcoming entrance to office space. A sizable conference room provides a professional setting for meetings, while three individual offices offer privacy for focused work. Additional amenities include a dedicated workroom, restroom facilities, a convenient file room, and a comfortable break area. A partial basement offers extra storage space, and the abundance of storage could easily be adapted for retail warehousing needs. Parking is readily available, with on-street parking directly in front of the building, supplemented by several private parking spaces accessible from the rear. The 0.08-acre lot provides ample space for convenient access and potential future expansion. This property represents a rare opportunity to acquire a well-maintained commercial building in a highly desirable location with significant potential for growth and profitability. The flexible floor plan and ample storage make it suitable for a wide range of businesses. Don't miss this chance to establish your business in the vibrant Salem commercial district.
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Quad County Title Co Title Company
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Near North Title Group - Salem IL Title Company
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.