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$ 180,000
Est. payment /mo
Price Dropped by $16K
112 N MISSOURI AVE Salem, IL 62881
3,024 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 3,024 sqft
Price per Sqft $59
MLS Listing ID EB457139
Year Built 1983
Annual Tax Amount $3,633
Tax Year 2024
Lot Size 0.800 Acres
Lot Dimensions 220 x 160.5
Property Sub-Type Retail/Stores
Property Description
Prime Commercial Development Opportunity in Salem, IL * High Visibility: line-of-sight from both US Highway 50 and Interstate 57. * Expansive Lot: 0.8 acres boasting an impressive 220' of road frontage. * Industrial Base: 3,024 sq. ft. metal building ready for commercial operations, built in 1983 with an addition in 1997. 3 overhead doors and gravel lot. . * Strategic Growth: Located within Salem's proposed TIF District 4 * Extra Asset: Includes a 1,000 sq. ft. home (built 1952) currently serving as an income-producing rental. * Infrastructure Ready: Public sewer and water are available on-site. This property offers an exceptional footprint for a Class A commercial structure and business. Whether you are looking to utilize the existing industrial facility, capitalize on the rental income, or develop a brand new high-traffic commercial enterprise, the location and frontage provide great potential.
Location
State IL
County Marion
Area Salem
Zoning Comme
Interior
Cooling None
Flooring Concrete
Fireplace N
Exterior
Utilities Available Water Available
Roof Type Metal
Building
Dwelling Type Retail/Stores
Structure Type Frame
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Listed by JAMES SOMER of SOMER REAL ESTATE
NEARBY SCHOOLS & PROPERTIES
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