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Listing provided courtesy of SOMER REAL ESTATEMREDas Distributed by MLSGrid- MLS# EB458096MLS Provider

1407 W MAIN StreetSalem, IL 62881

Commercial · 2,533 Sq. ft. | 1.00 Acres
$309,999 Active

1407 W MAIN Street Overview

Time on Site:
193 days
Visits:
0

Former restaurant located on Highway 50 in Salem. Building has over 2500 square feet including indoor area for seating, kitchen, bar and drive through window. Parking on site. Great location less than a mile from Interstate 57. Leased through December 2026. Some items remaining are tenants property. Amazing opportunity for small business owners, large companies or franchises. Additional grass area south of the parking lot allows for future parking expansion or storage needs. If you are considering buying something with highway frontage, this might be the one.

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1407 W MAIN Street Facts & Features

  • Type Commercial
  • Sq. ft. 2,533
  • Price/Sq.ft. $122
  • Lot 1.00 Acres

Details

General

Association/HOA

  • Association Fee Frequency: Not Applicable

Income/Expenses

  • Net Operating Income: 0

Building Information

  • Year Built: 1977

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Sewer

Tax Information

  • Tax Annual Amount: $10,383.46
  • Tax Year: 2024

General Information

  • Parcel Number: 1100022181
  • Property Sub Type: Restaurant
  • Property Type: Commercial Sale
  • Zoning: B-3

Interior

Building Interior

  • Building Area Total: 2533

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Tile
  • Leasable Area: 0
  • Stories: 1

Unit Information

  • Unit SqFt.: 2533

Exterior

Lot Information

  • Frontage Type: Paved
  • Lot Size Acres: 1
  • Lot Size Dimensions: 128x276 plus additional
  • Lot Size Square Feet: 35328

Building Exterior/Construction

  • Construction Materials: Brick, Frame

1407 W MAIN Street Neighborhood

Community

62881 (Salem) 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.

1407 W MAIN Street 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.

1407 W MAIN Street 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

1407 W MAIN Street History

Date Event Value Agent
5/28/2026Source: MRED Price Reduction
$309,999 -16.2%
5/28/2026Source: MRED Price Increase
$370,000 19.4%
5/25/2026Source: MRED Status Change
Active
5/25/2026Source: MRED Price Reduction
$309,999 -16.2%
5/25/2026Source: MRED Status Change
Price Change
5/24/2026Source: MRED Price Increase
$370,000 19.4%
5/24/2026Source: MRED Status Change
Active
5/24/2026Source: MRED Price Reduction
$309,999 -16.2%
5/24/2026Source: MRED Status Change
Price Change
5/23/2026Source: MRED Price Increase
$370,000 19.4%
5/23/2026Source: MRED Status Change
Active
5/23/2026Source: MRED Price Reduction
$309,999 -16.2%
5/23/2026Source: MRED Status Change
Price Change
5/23/2026Source: MRED Price Increase
$370,000 19.4%
5/22/2026Source: MRED Status Change
Active
5/20/2026Source: MRED Price Reduction
$309,999 -5.8%
5/20/2026Source: MRED Status Change
Price Change
4/7/2026Source: MRED Status Change
Active
4/2/2026Source: MRED Price Reduction
$329,000 -5.7%
4/2/2026Source: MRED Status Change
Price Change
2/25/2026Source: MRED Status Change
Active
2/20/2026Source: MRED Price Reduction
$349,000 -5.7%
2/20/2026Source: MRED Status Change
Price Change
12/18/2025Source: MRED Added to Database
December 18, 2025