NOT LISTED FOR SALE

1706 E Main St Salem, IL 62881

-- Bed
-- Bath
-- Sq Ft
0.62 Acres

Last Sold May 13, 2021

Last sale price $375,000

265 Days on Market

About This Home

As of May 2021

Looking for a new career opportunity? A turnkey business operation in a lawn & garden sales & repair business. Adams power equipment is just on the east edge of Salem, IL with 2 buildings. Front building is for sales & parts showroom, with some warehouse space, office & restroom. The back building contains the shop area with (2) lifts, warehouse area for parts & inventory and a restroom. Ample parking & storage areas for new inventory. We have a list of assets & inventory coming. Spring time is just around the corner for mowing season.

Last Agent to Sell the Property

Mike Hammond

Equity Realty Group License #471020760 Listed on: 02/24/2020

Last Buyer's Agent

Mike Hammond

Equity Realty Group License #471020760 Listed on: 02/24/2020

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $3,687

Year Built

  • Built in 1935

Lot Details

  • 0.62

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Property Details

Property Type

Other

Est. Annual Taxes

$3,687

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Lvt Date: 02/25/2020
  • Year Built: 1935
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 5650

Exterior Features

  • Exterior Finish: Aluminum, Concrete
  • Frontage Access: Paved 2Lane, State Road
  • Insulation: Unknown
  • Roof Construction: Metal
  • Wall Construction: Aluminum, Brick

Utilities

  • Electric Company: Tri County
  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Gas Company: City of Salem
  • Water Company: City of Salem

Lot Info

  • Estimated Number of Acres: 0.62
  • Zoning: commercial
  • Estimated Land Size: 142x190
  • Geo Subdivision: IL
  • Irregular Lot: No

Rental Info

  • Sale Lease Includes: Building, Business, Inventory, Land
  • Terms Lease: N/A

Tax Info

  • Annual Taxes: 3687
  • Parcel Id Number Tax Id: 11-12-000-007
  • Estimated Taxes Sq Ft: 1.53
  • Tax Incentive: None

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2020
Closed on
May 13, 2021
Sold by
Adams Richard Dale
Bought by
Molenhour Power Equipment Inc
Seller's Agent
Mike Hammond
Equity Realty Group
Buyer's Agent
Mike Hammond
Equity Realty Group
List Price
$550,000
Sold Price
$375,000
Premium/Discount to List
-$175,000
-31.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Outstanding Balance
$317,187
Interest Rate
3.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 22, 2018
Sold by
Duis Sales Center Llc
Bought by
Adams Richard Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

Purchase History

Date Buyer Sale Price Title Company
Molenhour Power Equipment Inc $194,000 None Available
Adams Richard Dale $192,000 --
Duis Sales Center Llc $3,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Molenhour Power Equipment Inc $350,000
Previous Owner Duis Sales Center Llc $123,000
Previous Owner Adams Richard Dale $253,467
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/13/2021 05/13/21 Sold $375,000 -30.6% --
11/15/2020 11/15/20 Pending -- -- --
06/02/2020 06/02/20 Price Changed $540,000 -1.8% --
02/24/2020 02/24/20 For Sale $550,000 -- --
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,522 $47,800 $6,570 $41,230
2023 $3,942 $49,790 $11,260 $38,530
2022 $3,827 $45,270 $10,240 $35,030
2021 $3,753 $42,310 $9,570 $32,740
2020 $3,707 $41,990 $9,500 $32,490
2019 $3,654 $40,450 $9,150 $31,300
2018 $3,663 $40,450 $9,150 $31,300
2017 $3,628 $39,660 $8,970 $30,690
2016 $3,573 $37,410 $8,460 $28,950
2015 $34 $37,410 $8,460 $28,950
2012 $33 $36,680 $8,300 $28,380
Source: Public Records

Agents Affiliated with this Home

  • Mike Hammond

    Seller's Agent in 2021

    Mike Hammond

    Equity Realty Group

    (618) 292-8442

    59 in this area

    126 Total Sales

    Mike Hammond
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Map

Source: RMLS Alliance

MLS Number: RMAEB432996

RMLS Alliance

APN: 1112000007

Illinois Marion County Salem 62881

1706 E Main St, Salem, IL

Not Listed for Sale

Other

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