Add Listing
    Salem, IL
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Salem, IL Restaurants for Sale

    Notify Me
    List
    Map
    Odin, IL Iuka, IL Patoka, IL
    KFC Restaurant Investment Opportunity
    $2,003,774
    4,783 SF
    KFC Restaurant Investment Opportunity

    101 Baldridge Ln, Salem, IL

    NNN leased KFC in Salem, IL with annual rent increases.
    • Absolute NNN Lease: Secured investment with minimal landlord responsibilities.
    • Strong Corporate Guarantee: Backed by Tasty Chick’n, LLC, a subsidiary of Tasty Restaurant Group (TRG).
    • Strategic High‑Traffic Location: Over 150,000 vehicles daily, excellent visibility, and proximity to I‑57.
    • Annual Rent Increases: Features 1.5% annual rental increases, increasing NOI.
    • Proximity to Economic Drivers: Located near Salem Township Hospital and Kaskaskia College.
    Updated: Apr 9, 2025
    View details
    Turn-Key Restaurant Opportunity
    $205,000
    3,168 SF
    Turn-Key Restaurant Opportunity

    206 E MAIN Street, Salem, IL 62881

    Updated downtown restaurant space with equipment included.
    • Turn‑key restaurant space with existing equipment, including sinks, ovens, dishes and coolers.
    • Prime downtown location near the courthouse and other businesses.
    • Updated space suitable for various cuisines.
    • Includes ample storage room.
    • Potential for expansion.
    Updated: Apr 5, 2023
    View details
    Based on your search, we've compiled 10 Potential Opportunities for your consideration. Besides 2 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.

    Opportunities in Nearby Cities

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

    Turnkey Gaming Lounge, Store, and Bar
    $425,000
    2,585 SF
    Turnkey Gaming Lounge, Store, and Bar

    Turnkey gaming lounge, store, bar, and venue with high visibility.

    1051 E. North Avenue, Flora, IL 62839

    View details
    Restaurant, Bar, and Gaming Venue
    $188,000
    2,450 SF
    Restaurant, Bar, and Gaming Venue

    Turnkey restaurant, bar, and gaming venue opportunity in Cisne, Illinois.

    405 Park, Cisne, IL 62823

    View details
    Two Turnkey Businesses For Sale
    $625,000
    65,535 SF
    Two Turnkey Businesses For Sale

    Two fully operational businesses including restaurant, bar, gaming and store.

    1051 E. North Avenue & 405 Park, Flora &, Cisne, IL 62839

    View details
    Turnkey Gaming Lounge, Bar, and Venue
    $425,000
    2,500 SF
    Turnkey Gaming Lounge, Bar, and Venue

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

    1051 E. North Avenue, Flora, IL 62839

    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
    $1,215,000
    4.86 Acres
    Development Land Along Interstate

    4.86 acres of development land with interstate frontage.

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

    View details
    Commercial Corner Lot in New Baden
    $80,000
    Commercial Corner Lot in New Baden

    Commercial corner lot in a growing town near I-64.

    91 Weatherholt Drive, New Baden, IL 62265

    View details
    Commercial Lot in Sparta Square
    $250,000
    1.68 Acres
    Commercial Lot in Sparta Square

    Commercial land for sale in Sparta, Illinois, near retailers.

    1302 N MARKET Street N, Sparta, IL 62286

    View details
    Prime Commercial Land For Sale
    $1,960,200
    1,296 SF
    Prime Commercial Land For Sale

    15 acres of commercial land in a high-traffic area.

    O Fallon, IL 62269

    View details

    Salem, IL Restaurants Investment Opportunities Market Analysis

    Explore 2 restaurants for sale in Salem, IL on our real estate platform. These investment opportunities span a total of 7,951 square feet of properties for sale, with an estimated market value of $2,208,774.

    Sale prices for restaurant properties in Salem, IL start at $205,000, averaging $1,104,387, and reaching up to $2,003,774 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Conventional restaurants 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 median 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

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Popular Searches in Salem, IL

    Popular Categories

    Most Searched ZIP Codes in Salem, IL

    • 62881

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!