$95,000

121-123 W Main St Salem, IL 62881

Estimated payment $592/month

0.16 Acre
$593,750 Price per Acre
6,970 Sq Ft Lot

About This Lot

This beautiful old building is full of history in the downtown Salem district. With some work this gem of a building could be an amazing location for your business.
If you are looking to purchase a building as an investment property. Or potentially a place for your business you will want to check this location out. There is quite a bit of income potential. Some former business housed in this space included The added touch, 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!
Agents: Keys are at office. Call ahead to schedule showings.
To see upstairs units Will need 24 hour notice to schedule.

Listing Agent

Siretha Howe

Midwest Farm & Land Co Listed on: 03/30/2024

Listing Provided By

Property Details

Property Type

  • Land

Lot Details

  • Current uses include commercial
  • Potential uses include for development

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Office Phone: 618-367-0535
  • Listing Website: https://www.land.com/property/0.16-acre-in-marion-county-illinois/19895906/
  • Property Type: Lot / Land
  • Property Sub-Type: Other
  • Offered By: LandNetwork
  • Potential Use: For Development
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Has Attic: No
  • Disability Access: No
  • Sprinklers: No

Lot Info

  • Current Use: Commercial

Multi Family

  • Utilities Available: Electric Avail On Site

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/14/2025 08/14/25 Price Changed $95,000 0.0% --
03/30/2024 03/30/24 For Sale $94,953 -- --
Illinois Marion County Salem 62881

121-123 W Main St, Salem, IL

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Siretha Howe
Listing Agent
Siretha Howe
Section Image
Midwest Farm & Land Co
(618) 367-0535