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Listed by SIRETHA HOWEof MIDWEST FARM & LAND
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Est. payment /mo
1,671 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail/Stores
Listing Status Active
Purchase Type For Sale
Square Footage 1,671 sqft
MLS Listing ID 12774312
Year Built 1952
Annual Tax Amount $1,879
Tax Year 2025
Lot Size 0.790 Acres
Lot Dimensions 183 x187
Property Sub-Type Retail/Stores
Property Description
OPPORTUNITY AWAITS! Bring your vision to this versatile Salem property with a long history of commercial use! Formerly operated as an automotive repair shop and currently home to a hair salon, this property offers a unique setup with plenty of potential for an entrepreneur, investor, or buyer looking for a space to make their own. The property is currently zoned RS-2 Residential, with its existing commercial use grandfathered in. Future business use will require City approval and may require a Special Use Permit, depending upon the buyer's intended use. Buyers are encouraged to contact the City of Salem to verify approval requirements for their specific plans. The property also includes a driveway easement. A separate water meter and new water service line will need to be installed. The sellers have already obtained quotes of approximately $7,500 for the work and will provide a $7,500 CREDIT TO THE BUYER AT CLOSING toward completing the new water service. With its history of successful business use and adaptable space, this could be the opportunity you've been waiting for. Bring your ideas and see the possibilities this property has to offer! Buyer to independently verify zoning, special-use requirements, easements, utilities, and suitability of the property for buyer's intended use.
Location
State IL
County Marion
Zoning COMMR
Interior
Cooling Central Air
Fireplace N
Exterior
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Joanna Lewkowicz
Designated Managing Broker | Owner 471.018027471018027
+1(708) 963-0011 | joanna@boutiquehomerealty.com