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    Property profile & analytics

    State Rt 37 Salem, IL 62881

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US28-4749854
    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 State Rt 37

    Property type
    Commercial real estate
    APN
    1100026799
    APU
    1100026799

    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
    -88.9462
    Latitude
    38.6137
    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
    $281
    $3,320
    $0.00
    $3,320
    -
    $9,960
    $0.00
    $9,960

    Comparable in this City

    • Value Estimation by Request
      4,993 SF

      400 Pruyn St

      Commercial real estate • 4,993 SF
      400 Pruyn St, Salem, IL 62881
      View Details
    • Value Estimation by Request

      Maple Ave

      COMMERCIAL (GENERAL)
      Maple Ave, Salem, IL 62881
      View Details
    • Value Estimation by Request

      State Rt 37

      COMMERCIAL (GENERAL)
      State Rt 37, Salem, IL 62881
      View Details
    • Value Estimation by Request

      Salem, IL 62881

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

      Walnut Ave

      COMMERCIAL (GENERAL)
      Walnut Ave, Salem, IL 62881
      View Details
    • Value Estimation by Request
      7.00 Acres

      Blair St

      COMMERCIAL (GENERAL) • 7.00 Acres
      Blair St, Salem, IL 62881
      View Details

    Similar Nearby for Sale

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      Salem, IL Commercial Property: Two Storefronts

      Prime Retail Space, High Traffic, $110,000
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    • $180,000
      1,960 SF

      Salem IL Commercial Property

      Two Buildings, 1.29 Acres, B3 Zoning
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    • $205,000
      3,168 SF

      206 Main St, Salem, IL 62881

      Commercial real estate • 3,168 SF
      206 Main St, Salem, IL 62881
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    • $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
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    • $219,000
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      Downtown Salem Commercial Building

      Prime location, 26 offices, high traffic.
      219 Schwartz St, Salem, IL 62881
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    • $159,000

      Salem Commercial Property - $159K

      Prime Commercial Land & Building in Salem, IL
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    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
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    • 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
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    State Rt 37
    Salem, IL 62881
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    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
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