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120 S Broadway Ave 4,000 SF 100% Leased Office Building Salem, IL 62881 $65,000 ($16.25/SF)

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INVESTMENT HIGHLIGHTS

  • Storage Area
  • Functional Basement

EXECUTIVE SUMMARY

Step into a piece of local history with this stunning 3-story commercial building, originally constructed in 1877 and offering over 4,000± square feet of versatile space. Located on a prominent downtown corner, this property boasts excellent visibility with two front entrances and large storefront windows—ideal for retail, office, or mixed-use potential. The main level features multiple office spaces and two restrooms, perfect for professional or service-based businesses. Upstairs, the second floor includes three additional office suites, while the expansive third floor offers a blank canvas—ready to be transformed into a studio, event space, apartment, or additional offices. A separate staircase leads to a large utility and storage area, providing functionality without sacrificing aesthetics. A full basement offers even more storage or workspace. With its rich architectural character and unbeatable location, this building is perfect for an investor, entrepreneur, or anyone looking to be part of a vibrant downtown community. Don’t miss this rare opportunity to own a piece of history and create something truly special.

PROPERTY FACTS

Sale Type
Investment
Property Type
Office
Building Size
4,000 SF
Building Class
C
Year Built
1877
Price
$65,000
Price Per SF
$16.25
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
1,333 SF
Building FAR
1.31
Lot Size
0.07 AC

AMENITIES

  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1100008510
Land Assessment
$4,350
Improvements Assessment
$43,580
Total Assessment
$47,930
  • Listing ID: 37426931

  • Date on Market: 8/26/2025

  • Last Updated:

  • Address: 120 S Broadway Ave, Salem, IL 62881

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