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121-123 W MAIN Street Salem, IL $ 95,000
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121-123 W MAIN Street
$ 95,000
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121-123 W MAIN Street

Salem, IL, 62881
$ 95,000
Bedrooms-- Baths-- Sq 7,500

Monthly Estimate*

$ 593

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Commercial Property for sale in Salem, IL

for $95,000. This 7,500 square foot building was built in 1940 on a lot size of 0.168297.

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!

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Commercial Active

Price

$ 95,000

Property Type

Commercial

Taxes

$ 3,504

Style

Lot Size

0.168297

Year Built

1940

Town/City

Salem

County/Region

Marion

MLS | Web ID

EB452795
Features
General
Cooling Central Air
Zoning Comme
Construction Materials Brick Stone
Year Built 1940
County Marion
Property Type Commercial Sale Retail/Stores
Possible Use Office Other
Status Active
Directions Located on Main Street in between Iuka state bank and Moore Behavior
City Salem
MLS Area Salem
Lot Size Square Feet 7331
Tax Annual Amount 3504.68
Standard Status Active
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Interior
Flooring Other Wood
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Exterior
Water Source Municipal Water
Building Area Total 7500
Lot Dimensions 127.5 x 57.5
Frontage Type City Street State Road
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* Excluded Features
List By
Midwest Farm & Land

Broker

siretha@midwestfarmco.com

Email

Affordability Calculator

$885
Per Month
67%
33%
0%
Monthly Principal & Interest
$593
Monthly Property Taxes
$292
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
12/19/2025$95,000 Listed Price

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121-123 W MAIN Street, Salem, IL, 62881 is a Commercial Property for sale at $95,000 with 7,500 sqft and a lot size of 0.168297. 121-123 W MAIN Street was built in 1940. The property's zip code is 62881 which is in Salem, IL

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