The median home value in Salem, IL is $127,500.
This is
higher than
the county median home value of $85,000.
The national median home value is $308,980.
The average price of homes sold in Salem, IL is $127,500.
Approximately 62% of Salem homes are owned,
compared to 29% rented, while
9% are vacant.
Salem real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Salem real estate agent to arrange a tour today!
Learn more about Salem.
Established body shop and towing company that has served the community for 20 years. The property consists of 3 buildings on approximately 6 ac. A 45X65 cinderblock building built in 1970 has gas heat and water, this houses a body shop and wash bay. A 64X50 shed built in 2004 has gas and water, and offers a paint booth and shop area. Constructed in 2009, the 60x152 building houses the mechanic and body shop along with another paint booth. The (3) drive-thru 16ft garage doors and 18 ft ceilings add to the convenience of this well-designed operation. In 2012, an additional 2,520 square feet was added giving room for a waiting and reception area and 5 additional offices. The main shop, as well as, the office run on geo-thermal. In addition to the buildings and equipment there's a fleet of vehicles and towing equipment. Falling within the enterprise zoning, possible incentives may apply.
Take a look at this unparalleled investment opportunity, located in the heart of Salem. This property presents a rare chance to acquire an established body shop and towing company that has served the community for 20 years. Add in the loyal customer base and a reputation for excellence, this turn-key business offers a solid foundation for sustained profitability. The property consists of 3 buildings on approximately 6 ac. A 45X65 cinderblock building built in 1970 has gas heat and water, this houses a body shop and wash bay. A 64X50 shed built in 2004 has gas and water, and offers a paint booth and shop area. Constructed in 2009, the 60x152 building houses the mechanic and body shop along with another paint booth. The (3) drive-thru 16ft garage doors and 18 ft ceilings add to the convenience of this well-designed operation. State-of-the-art tools and machinery- capable of handling a wide range of automotive repair and maintenance services stay with the business. In 2012, an additional 2,520 square feet was added giving room for a waiting and reception area and 5 additional offices. The main shop, as well as, the office run on geo-thermal. In addition to the buildings and equipment there's a fleet of vehicles and towing equipment, ready to provide prompt assistance to motorists in need. Falling within the enterprise zoning, possible incentives may apply. Don't miss out on this exceptional opportunity to acquire a successful business and valuable real estate.
Available commercial building just 2 blocks south of West Main Street. This building offers may different options for a potential entrepreneur. 2 Large office suites, kitchenette and storage. The oversized safe stays with the building. This space offers covered parking along with a large parking lot. The north parking lot is currently being rented for $100/month. If you have been looking for a commercial space for your business come check out the many different options this property has to offer! Possible City grants and incentives are available for this property.
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!
Commercial space available. This space can be used for different purposes or even multi-tennant situations as the building is divided in a way that allows for it. Currently one space is rented for the short term.
If you are looking for prime downtown property with additional income, take a look at this downtown commercial property hosting (two) 1 bedroom apartments that have a private entry staircase. A full retail space offering over 700 square feet of possibilities on the main level. LVP tile and recently updated restroom and wiring throughout the full complex. A subdivided area which could be utilized for more income opportunity from the existing retail area with it's own access and entry door. This location offers main street traffic exposure at it best and is surrounded by other downtown offices and businesses. Historical charm is to be uncovered with the original tin ceiling tile more than 7 feet above the added dropped ceiling area within the retail, office areas. More Information and pictures are available on the multi-family listing EB451846.
Ideal Business Location Near I-57 Discover a prime commercial property located on US Route 50, just approximately one mile from I-57 Salem exit 116. This strategically positioned property offers an excellent opportunity for your business to thrive. Key Features: Building: Constructed in 2007 on a solid slab foundation. Space: Includes office space, restroom, and shop. Utilities: Equipped with electric, central air, and heat for year-round comfort. Shop Features: Two floor drains for convenience. Three garage doors, including two power doors (9 x 7 1/2) and one manual (18 x 7). Steel cover installed for termite protection on the bottom section of shop walls. Storage: Convenient storage closet with dual-sided access. Ideal for: Businesses requiring office space coupled with functional shop areas. Automotive repair shops, detailing, or any venture benefiting from versatile garage spaces. Unbeatable proximity to US Route 50 and I-57 Salem exit 116. If you are seeking a business location that combines convenience, functionality, and modern amenities, this property is a must-see. Schedule a viewing today to explore the potential this space holds for your business.
Turn-key property that is waiting for you! Previously Sakura Restaurant! This updated downtown restaurant that is in near the courthouse and other businesses is perfect for lunch time meetings, get-togethers, dates and small-time charm convenience. Have a different flair of food, no problem! This space comes with all the supplies needed to start your next adventure! Sinks, ovens, dishes, spacious coolers, it's all there ready for you! All the property needs is YOU! Plenty of storage room and has the capability of space to expand as well. Don't miss out on starting your dream! Call today to schedule a showing.
Commercial property located in a high traffic B3 business corridor, this property currently used as a long-time local home center business includes 4 buildings totaling over 24,000 sq' on 2.2 acres with city street access and gravel drive to rear buildings. The main showroom, warehouse and office building is 12,000 sq' with many updates including a new roof system installed in 2018 with a transferrable warranty. The outbuildings include additional showroom areas, drive up and drive thru warehouse areas with bins, 6- self storage units with 12'x15' independent spaces and overhead locking doors. Large overhead and sliding doors make easy access for pick-ups and deliveries.
Commercial buildings totaling over 2300 sq' on a large 1.2 Acre lot located in the B-3 business corridor district with access to the city street. This business opportunity property site is shovel ready for a new construction expansion.