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115 W Main Street Salem, IL 62881 Commercial - Business Active

  • 115 W Main Street, Salem, IL 62881 Main Photo

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Description

115 W Main St, Salem, IL Prime commercial opportunity located in the heart of downtown Salem. THIS IS in the Enterprise Zone & TIF3 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.

Property Highlights

Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1910

General Information

County: Marion
Listed By:
Equity Realty Group 618-526-0021
MRED MLS
$229,000
Est. $1,503/mo
Active
SQUARE FEET5,638 MLS#12585407
STATUSActive PROPERTY TYPECommercial - Business

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115 W Main Street, Salem, IL 62881.

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Loan Type 30 Year FixedFHA 30 Year Fixed15 Year Fixed
Purchase Price $229,000$229,000$229,000
Down Payment $45,800$8,015$57,250
Monthly Mortgage Amount $1,084$1,312$1,392
Taxes $319$319$319
Insurance $100$100$100
HOA/Dues/Fees $0$0$0
Monthly Mortage Insurance $0$101$0
Monthly Estimated Total $1,503$1,832$1,811

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