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Listing provided courtesy of QUINN REALTY AND PROPERTY MANAGEMENT GROUPMREDas Distributed by MLSGrid- MLS# EB458796MLS Provider

120 S BROADWAY AvenueSalem, IL 62881

Commercial · 4,000 Sq. ft.
$65,000 Active

120 S BROADWAY Avenue Overview

Time on Site:
193 days
Visits:
0

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.

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120 S BROADWAY Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 4,000
  • Price/Sq.ft. $16

Details

General

Income/Expenses

  • Gross Scheduled Income: 0
  • Net Operating Income: 0

Building Information

  • Year Built: 1877

Location/Region

  • County Or Parish: Marion
  • MLS Area Major: Salem

Tax Information

  • Tax Annual Amount: $3,688.12
  • Tax Year: 2024

General Information

  • Parcel Number: 1100008510
  • Possible Use: Other,Office
  • Property Type: Commercial Sale
  • Zoning: Comme

Interior

Building Interior

  • Building Area Total: 4000

General Information

  • Cooling: Central Air
  • Electric: Other
  • Flooring: Carpet, Concrete, Tile, Wood
  • Leasable Area: 0
  • Stories: 3

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 98X32

Building Exterior/Construction

  • Construction Materials: Brick, Stone, Block

120 S BROADWAY Avenue Neighborhood

Community

62881 (Centralia) Demographics

42
Median Age
106
Population Density (per sq. mile)
32%
College Educated
$53,239
Estimated Median Income
3,331
Estimated Total Home Owners
1,327
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

120 S BROADWAY Avenue Monthly Cost

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$
Corinne Guerra
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

120 S BROADWAY Avenue Market Data

Based on the last 30 days in this zip code

$193,728
Average List Price
$117
Average Price per Square Foot
6
Properties Sold
70
Average Days on Market
38
Properties for Sale
Calculations provided by Reliance Network

120 S BROADWAY Avenue History

Date Event Value Agent
5/23/2026Source: MRED Price Reduction
$65,000 -5.8%
5/22/2026Source: MRED Price Increase
$69,000 6.2%
4/5/2026Source: MRED Status Change
Active
3/31/2026Source: MRED Price Reduction
$65,000 -5.8%
3/31/2026Source: MRED Status Change
Price Change
12/18/2025Source: MRED Added to Database
December 18, 2025