115 W Main St 5,638 SF 100% Leased Retail Building Salem, IL 62881 $321,814 CAD ($57.08 CAD/SF)

This property presents a rare opportunity to acquire a substantial commercial building in the heart of downtown Salem. The site sits just five minutes from I-57, placing businesses within easy reach of regional hubs such as St. Louis, Paducah, Evansville, and Chicago. Located in both an Enterprise Zone and TIF3 district, the building provides tax incentive advantages and potential cost savings for redevelopment or operation.
Spanning roughly 5,638 square feet across multiple levels, the structure features an adaptable floor plan suited for diverse uses including retail, restaurant, office, or event space. Interior elements include a bar area outfitted with sinks and refrigeration equipment, two sets of restrooms, and flexible partitioned sections that can be opened for larger uses. Recent updates have kept the property in very good condition, offering a strong foundation for immediate occupancy or custom build-outs. With its established commercial presence, favorable zoning, and central location in a walkable downtown area, this property represents a compelling investment for buyers seeking steady income potential or value creation through adaptive reuse.