Marion, US
This beautiful old building is full of history in the downtown Salem district. With some work this gem of a building could be an amazing location for your business. If you are looking to purchase a building as an investment property. Or potentially a place for your business you will want to check this location out. There is quite a bit of income potential. Some former business housed in this space included " The added touch"," Salem Cycles" and "Ritter Farms". The Commercial location includes three separate spaces for three individual businesses or could be combined into one large location on the main level. The main floor Has a newer HVAC unit. The upstairs has four separate rental units one is currently rented for $550 a month the other three units need some TLC to get them in rentable condition. Some plumbing and electrical work has been done. With some vision and some sweat equity this building could be a great investment opportunity! NOTE: Call the City of Salem to discuss availability of Tiff funds and other possible grants available. Call today for your private showing!
Courtesy Of: MIDWEST FARM & LAND
Feature Highlights
- Built Before 1978
General Features
- List Date:
- 03/30/2024
Exterior Features and Amenities
- Lot Size Dimensions:
- 127.5 x 57.5
Financial
- Days On Market:
- 674
- Tax Annual Amount:
- $3,504.68
The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of MRED LLC. Real Estate listings held by brokerage firms other than Hometown Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data last updated: 2026-02-03.
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