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101 Baldridge Rd 5,075 SF of Retail Space Available in Salem, IL 62881
Sublease Highlights
- Free-standing second-generation restaurant opportunity
- Large pylon sign available
- Located near Walmart
- Excellent visibility from Highway 50
- High traffic counts of 13,500 vehicles per day
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 5,075 SF | Negotiable | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
This freestanding second-generation restaurant opportunity at 101 Baldridge Lane offers an established retail location with visibility from U.S. Highway 50 and direct exposure to one of Salem's primary commercial corridors. The property benefits from a large pylon sign and positioning within a retail cluster that includes Walmart, Dollar General, and McDonald's, placing the site among nationally recognized consumer destinations that generate regular customer traffic. Salem serves as the county seat of Marion County and is strategically located along Interstate 57 and U.S. Highway 50, providing regional connectivity throughout Southern Illinois. The property's location offers convenient access for local residents, commuters, and visitors traveling through the area. Nearby retail and service businesses support daily consumer activity and contribute to the corridor's established commercial presence. Demographic indicators further support the location, with a population of 23,988 within a 10-mile radius and a median household income of $71,026 within the same trade area. Daytime population levels and surrounding commercial activity create an environment suited for food service, retail, and customer-facing business operations. The combination of highway visibility, existing restaurant infrastructure, established retail adjacency, and regional accessibility positions the property as a practical opportunity for tenants seeking a recognizable and accessible commercial location in Salem.
- Sublease space available from current tenant
- Food Service
- 2nd-generation restaurant opportunity
- Free-standing restaurant opportunity
- Large pylon sign available
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Site Plan
Select Tenants at 101 Baldridge Rd, Salem, IL 62881
- Tenant
- Description
- US Locations
- Reach
- KFC
- Fast-food
- 4,046
- International
| Tenant | Description | US Locations | Reach |
| KFC | Fast-food | 4,046 | International |
Property Facts
| Total Space Available | 5,075 SF | Total Land Area | 1.11 AC |
| Property Type | Retail | Year Built | 2000 |
| Property Subtype | Restaurant | Parking Ratio | 8.67/1,000 SF |
| Gross Leasable Area | 5,075 SF |
| Total Space Available | 5,075 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 5,075 SF |
| Total Land Area | 1.11 AC |
| Year Built | 2000 |
| Parking Ratio | 8.67/1,000 SF |
About the Property
The property is a freestanding retail building located at 101 Baldridge Lane in Salem, Illinois. The site contains approximately 5,075 square feet on 1.11 acres. The property is positioned along U.S. Highway 50 and includes a pylon sign. Nearby businesses include Walmart, Dollar General, and McDonald's. West Main Street traffic counts are reported at approximately 13,500 vehicles per day. Salem is located near Interstate 57 and serves as the county seat of Marion County.
- Corner Lot
- Freeway Visibility
- Pylon Sign
- Restaurant
- Signage
- Awning
Nearby Major Retailers
Contact the Leasing Agent
101 Baldridge Rd