Individually Owned Property summary
This exceptional commercial property, located at the corner of Julia Drive and S. Broadway in Salem, Illinois (zip code 62881), presents a unique investment opportunity. Priced at $160,000, this 1978-built property offers a versatile space ideal for various retail or commercial ventures. The building features approximately 600 amps of electrical service, a half-bath, ample storage, a showroom, an office, and a garage bay equipped with water and drain. The exterior received a fresh coat of… paint in 2023, and the roof was replaced in 2021, ensuring long-term structural integrity. Some plumbing updates have also been completed. Currently, the wash/garage bay is leased for $550 per month, with the tenant responsible for half of the water and electric bills. Individual water metering is forthcoming. The property's prime location at a high-traffic intersection makes it highly visible and accessible to customers. Note that the property address and GPS coordinates do not precisely match. An existing laundry business may be available for purchase separately. This property is ready for immediate occupancy and offers significant potential for growth and profitability. The combination of updated features, a strong rental income stream, and a desirable location makes this an attractive investment opportunity.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records.
Recently sold
No data for this sectionNo cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
No data for this sectionNo zoning code is on file for this parcel. Coverage grows with every catalog release.
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- Lot area
- 0.35 ac
- APN
- 1114000089
- Assessed value · 2022
- $34,190
- Annual tax · 2022
- $2,920
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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