115 W Main Street Salem, IL $ 229,000
115 W Main Street
$ 229,000
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115 W Main Street

Salem, IL, 62881
$ 229,000
Bedrooms-- Baths-- Sq 5,638

Monthly Estimate*

$ 1,410

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Commercial Property for sale in Salem, IL

for $229,000. This 5,638 square foot building was built in 1910.

115 W Main St, Salem, IL Prime commercial opportunity located in the heart of downtown Salem. Just 5 minutes from I-57, this property offers convenient access to surrounding cities including St. Louis (1 hour 20 minutes), Paducah, KY (1 hour 55 minutes), Evansville, IN (1 hour 52 minutes), and Chicago (3 hours 49 minutes). This B-2 zoned commercial building offers nearly 6,000 square feet of space and has been home to several successful businesses throughout the years. With its downtown location and strong commercial presence, the property provides excellent visibility and accessibility for a wide variety of business opportunities. The building has seen several updates in recent years and is in very good condition, offering a solid foundation for its next owner or business venture. Inside you will find a bar area equipped with double sinks and small refrigerators, along with two separate restrooms. The ladies restroom includes two stalls, while the men's restroom features a urinal and one stall. Both levels of the building currently include partitioned spaces that allow for separation of rooms, making it ideal for offices, retail sections, or private areas. These partitions could also be removed if a more open floor plan is desired. With substantial square footage, flexible interior layout, and established B-2 zoning, this property offers excellent potential for a variety of uses including restaurant, bar, retail, office space, event venue, or other service-based businesses.

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Commercial Active

Price

$ 229,000

Property Type

Commercial

Taxes

$ 2,204

Style

Year Built

1910

Town/City

Salem

County/Region

Marion

MLS | Web ID

12585407

Features
General
Cooling Central Air
Possession Closing
Roof Other
Zoning COMMR
Construction Materials Block Steel Siding Brick Glass
Year Built 1910
Electric Power - 240V
Stories Count 2
Township Salem
Property Subtype Mixed Use
Tax Year 2024
Gross Income 0
County Marion
Insurance Expense 0
Property Type Commercial Sale Mixed Use
Possible Use Commercial
Status New
Directions FROM I-57 EXIT IN SALEM HEAD EAST TOWARDS THE COURTHOUSE. THE BLDG IS ON THE RIGHT BEFORE YOU GET TO THE TRAFFIC LIGHTS AT RT 37.
City Salem
Number Of Units Total 0
MLS Area Salem
Lot Size Square Feet 0
Tax Annual Amount 2204
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
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Exterior
Foundation Details Concrete Perimeter
Building Area Total 5638
Lot Dimensions 0
Frontage Type City Street US Highway
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* Excluded Features
List By
Equity Realty Group

Broker

Melissa@equity55.com

Email

Affordability Calculator

$1,594
Per Month
88%
12%
0%
Monthly Principal & Interest
$1,410
Monthly Property Taxes
$184
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
Pricing History
DatePricePrice ChangeDescription
3/6/2026$229,000 Listed Price

Map


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115 W Main Street, Salem, IL, 62881 is a Commercial Property for sale at $229,000 with 5,638 sqft. 115 W Main Street was built in 1910. The property's zip code is 62881 which is in Salem, IL