Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    Lester St Salem, IL 62881

    • Commercial real estate
    • 0.09 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4753174
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for Lester St

    Lot size
    0.09 lot acres
    Property type
    Commercial real estate
    APN
    1100011361
    APU
    1100011361

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Illinois
    Longitude
    -88.9525
    Latitude
    38.6213
    CBSA code
    16460
    CBSA name
    CENTRALIA, IL MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $286
    $3,380
    $0.00
    $3,380
    -
    $10,140
    $0.00
    $10,140

    Comparable in this City

    • Value Estimation by Request
      7,000 SF

      219 Schwartz St

      Commercial real estate • 7,000 SF
      219 Schwartz St, Salem, IL 62881
      View Details
    • Value Estimation by Request
      1,113 SF

      300 Church St

      Commercial real estate • 1,113 SF
      300 Church St, Salem, IL 62881
      View Details
    • Value Estimation by Request

      210 Commercial St

      COMMERCIAL (GENERAL)
      210 Commercial St, Salem, IL 62881
      View Details
    • Value Estimation by Request

      Commercial St

      COMMERCIAL (GENERAL)
      Commercial St, Salem, IL 62881
      View Details
    • Value Estimation by Request

      Kinmundy Rd

      COMMERCIAL (GENERAL)
      Kinmundy Rd, Salem, IL 62881
      View Details
    • Value Estimation by Request

      Main St

      COMMERCIAL (GENERAL)
      Main St, Salem, IL 62881
      View Details

    Similar Nearby for Sale

    • $95,000
      7,500 SF

      \"" Salem Cycles\"" and \""Ritter Farms\"". The Commercial location includes three separate spaces for three individual businesses or could be combined into one large location on the main level. The main floor Has a newer HVAC unit. The upstairs has four separate rental units one is currently rented for $550 a month the other three units need some TLC to get them in rentable condition. Some plumbing and electrical work has been done. With some vision and some sweat equity this building could be a great investment opportunity! NOTE: Call the City of Salem to discuss availability of Tiff funds and other possible grants available. Call today for your private showing!""""}"""

      Historic Salem Commercial Building
      121-123 Main St, Salem, IL 62881
      View Details
    • $219,000
      7,000 SF

      Downtown Salem Commercial Building

      Prime location, 26 offices, high traffic.
      219 Schwartz St, Salem, IL 62881
      View Details
    • $205,000
      3,168 SF

      206 Main St, Salem, IL 62881

      Commercial real estate • 3,168 SF
      206 Main St, Salem, IL 62881
      View Details
    • $110,000

      Salem, IL Commercial Property: Two Storefronts

      Prime Retail Space, High Traffic, $110,000
      1443 Whittaker St, Salem, IL 62881
      View Details
    • $180,000
      1,960 SF

      Salem IL Commercial Property

      Two Buildings, 1.29 Acres, B3 Zoning
      2010 Mitchell St, Salem, IL 62881
      View Details
    • $86,500
      2,700 SF

      Salem Main Street Commercial Building

      Prime Salem location, 2700 sq ft, great potential.
      207 Main St, Salem, IL 62881
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Salem Retail Space - 7,000 SF

      Prime Salem retail space, high visibility.
      612 Main St, Salem, IL 62881
      View Details
    • Contact for pricing
      7,000 SF

      Prime Retail Space in Salem

      Retail or office space with strong visibility and ample parking.
      606 W Main St, Salem, IL 62881
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Lester St
    Salem, IL 62881
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.