115 W Main St

Salem, IL 62881

$229,000
Price
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Baths
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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...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.
  1. Listed by MELISSA JARRELL • Equity Realty Group
    P: (618)-927-6342 C: (618)-927-6342 Melissa@equity55.com

Property Details for 115 West Main Street

Area
Salem
Township
Salem
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 03/13/2026 05:06 PM

Property Details for 115 West Main Street

StatusActive
MLS #12585407
Days on Market36
Taxes$2,204 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1910
Lot Size0.00 AC / 0 SF
CountyMarion County
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Location

Listing Courtesy of Equity Realty Group
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Building Information for 115 West Main Street

Stories2Residences-Year Built1910Lot Size0.00 AC / 0 SF

Payment Calculator

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$1,295 per month

30 year fixed, 6.11% Interest

Principal and Interest

$1,111

Property Taxes

$184

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 115 West Main Street

General Information
Location and General Information
  • Frontage Type: City Street, US Highway
  • Geographic Locale: Out of Area
  • Information: Short Notice OK
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Power - 240V
  • Heat/Ventilation: Forced Air,Gas
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
Property/Lot Information
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 0
  • Lot Size Square Feet: 0.0
  • Stories: 2
  • Exterior Building Type: Block, Steel Siding, Brick, Glass
  • Construction: Block, Steel Siding, Brick, Glass
  • Roof Type: Other
  • Fire Protection: Smoke or Fire Protectors,Carbon Monoxide Detector(s)
  • Roof Structure: Flat
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 5638
  • # Of Offices: 0
  • # Of Stores: 0
  • Property Sub Type: Mixed Use
Property and Assessments
  • Possible Use: Commercial
  • Buyer Financing: Conventional, Cash
  • Documents Available: Tax Bill
  • Docks: None
  • Public Document Count: 1
  • Document Date: 2026-03-06T17:13:03
  • Photos Count: 30
Miscellaneous
  • Location: Central Business District
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 0
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $.00
  • Gross Scheduled Income: $.00
  • Insurance Expense: $.00
  • Known Encumbrances: None Known
  • Total Monthly Income: 0
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 115 West Main Street

DateEvent & SourcePriceAppreciation
Mar 4, 2026

Listed (Active)

MRED #12585407

$229,000—
Mar 31, 2015

Closed (Public Record)

Public Record #1131093649

$105,000

+23.4% / yr

Sep 26, 2005

Closed (Public Record)

Public Record #1131060151

$14,250—
DateEvent & SourcePrice
03/04/2026

Listed (Active)

MRED #12585407

$229,000
03/31/2015

Closed (Public Record)

Public Record #1131093649

$105,000

+23.4% / yr

09/26/2005

Closed (Public Record)

Public Record #1131060151

$14,250

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 115 West Main Street

Taxable ValueLand$5,010Additions$24,900Total$29,910
Tax Record2024$2,204 ($184 / month)
Home Facts
StyleMiscellaneous CommercialCountyMARIONAPN1100008285

Schools near 115 West Main Street

This home is within Salem Chsd 600 School District.
Rating
School
Type
Grades
Distance
Hawthorn Elementary School
Public - K to 3
Franklin Park Middle School
Public - 4 to 8
Salem Community High School
Public - 9 to 12
St Theresa Of Avila
Private - K to 8
Rating
School
Distance
Hawthorn Elementary School
PublicK to 3

Franklin Park Middle School
Public4 to 8

Salem Community High School
Public9 to 12

St Theresa Of Avila
PrivateK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 115 West Main Street, Salem, IL 62881

115 West Main Street is a mixed use property for sale in Salem, IL 62881. This property was listed for sale on March 4, 2026 by Equity Realty Group, it's currently listed at $229,000. It has been on the market for a total of 36 days and was last sold on March 31, 2015. This listing's school districts are Salem Chsd 600 School District, Salem School District 111. Nearby schools include Hawthorn Elementary School, Franklin Park Middle School and Salem Community High School. 115 West Main Street is a 0-bed, 0-bath, mixed use property built in 1910.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Realty Group

Based on information from one of the following Multiple Listing Services: MARIS, Bagnell Dam Association of REALTORS . Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MARIS, Bagnell Dam Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.