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    Salem, IL
    Restaurants

    Restaurants for Sale in Salem, IL

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    Based on your search, we've compiled 8 Potential Opportunities for your consideration. While there is a shortage of Active listings in Salem, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

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    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Hospitality and Event Venue
    Hospitality and Event Venue

    15469 State Route 127, Carlyle, IL 62231

    $1,500,000
    18,000 sqft

    Multi-faceted hospitality property with a full-service restaurant, indoor event center, and wine tasting experiences on 10+ acres.

    View details
    Turnkey Gaming Lounge and Bar
    Turnkey Gaming Lounge and Bar

    1051 E North Avenue, Flora, IL 62839

    $425,000
    0.30 AC lot

    Turnkey gaming lounge, bar, and store with drive-through, bar area, stage, and multiple walk-in coolers.

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    Turnkey Gaming Lounge, Bar, and Venue
    Turnkey Gaming Lounge, Bar, and Venue

    1051 E. North Avenue, Flora, IL 62839

    Contact for pricing
    2,500 sqft

    Turnkey gaming lounge, store, bar, and venue for sale.

    View details
    Two-Story Bar and Apartment
    Two-Story Bar and Apartment

    1031 Fairfax Street, Carlyle, IL 62231

    $210,000

    Two-story mixed-use property with an operating bar and grill downstairs and a two-bedroom apartment above.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Development Land Along Interstate
    Development Land Along Interstate

    207 & 301 N 44TH ST, Mount, Vernon, IL 62864

    Contact for pricing
    4.86 AC lot

    4.86 acres of development land with interstate frontage.

    View details
    Corner Commercial Development Lot
    Corner Commercial Development Lot

    91 Weatherholt Drive, New Baden, IL 62265

    $70,000

    Commercial corner lot in city limits near the State Route 161 and I-64 exit area.

    View details
    Commercial Land Lot
    Commercial Land Lot

    1302 N MARKET Street N, Sparta, IL 62286

    $250,000
    1.68 AC lot

    Commercial lot near multiple national and local retailers, supporting a variety of neighborhood-serving development options.

    View details
    Commercial Land with Street Frontage
    Commercial Land with Street Frontage

    O Fallon, IL 62269

    $1,960,200
    1,296 sqft 15.00 AC lot

    15-acre commercial lot with approximately 600 feet of frontage on Hartman Lane and non-operational outbuildings.

    View details

    Salem, IL Restaurants Market Trends and Statistics

    Explore 0 restaurants for sale in Salem, IL on our real estate platform.

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Conventional restaurants 3
    Bars & Pubs 1
    Drive through restaurants 1

    Demographics Overview

    Population 11K
    Population Growth (5Y) +3.5%
    Median Household Income $69,025
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    62881 $205K

    Taxes & Financing

    Tax Rate (average for all types) 8.34%
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Marion County

    New Delisted

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