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1407 W MAIN Street Salem, IL $ 370,000
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1407 W MAIN Street
$ 370,000
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1407 W MAIN Street

Salem, IL, 62881
$ 370,000
Bedrooms-- Baths-- Sq 2,533

Monthly Estimate*

$ 2,308

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Commercial Property for sale in Salem, IL

for $370,000. This 2,533 square foot building was built in 1977 on a lot size of 1.

Former restaurant located on Highway 50 in Salem. Building has over 2500 square feet including indoor area for seating, kitchen, bar and drive through window. Parking on site. Great location less than a mile from Interstate 57. Leased through December 2026. Some items remaining are tenants property. Amazing opportunity for small business owners, large companies or franchises. Additional grass area south of the parking lot allows for future parking expansion or storage needs. If you are considering buying something with highway frontage, this might be the one.

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Commercial Active

Price

$ 370,000

Property Type

Commercial

Taxes

$ 10,383

Style

Restaurant

Lot Size

1

Year Built

1977

Town/City

Salem

County/Region

Marion

MLS | Web ID

EB458096
Features
General
Cooling Central Air
Zoning B-3
Construction Materials Brick Wood Siding Frame
Year Built 1977
Tenant Pays Trash Collection
Property Subtype Retail
Business Type Restaurant
County Marion
Property Type Commercial Sale Retail/Stores
Status Active
Directions Route 50 in Salem from Interstate 57 take Route 50 east. Property is on the south side of Route 50
City Salem
MLS Area Salem
Tax Annual Amount 10383.46
Standard Status Active
Ownership Type Individual
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Interior
Flooring Tile
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Exterior
Building Area Total 2533
Lot Dimensions 128x276 plus additional
Lot Size Acres 1
Frontage Type Paved
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* Excluded Features
List By
Somer Real Estate

Broker

russell_stacey@hotmail.com

Email

Affordability Calculator

$3,174
Per Month
73%
27%
0%
Monthly Principal & Interest
$2,308
Monthly Property Taxes
$865
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$370,000 Listed Price

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1407 W MAIN Street, Salem, IL, 62881 is a Commercial Property for sale at $370,000 with 2,533 sqft and a lot size of 1. 1407 W MAIN Street was built in 1977. The property's zip code is 62881 which is in Salem, IL

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