Shelly Phares
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1952
General Information
County: Marion
Listed By:
MIDWEST FARM & LAND
618-532-1961
MRED MLS
MLS ID: 12774312
Shown By
Get in Touch
Shown By
Contact an agent to learn more about
1104 W Whittaker Street, Salem, IL 62881.
Mortgage Calculator
Call or Click to get Pre-Approved!
563-441-1862
toll free 866-441-1862
Customize Your Rate
| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $179,000 | $179,000 | $179,000 |
| Down Payment | $35,800 | $6,265 | $44,750 |
| Monthly Mortgage Amount | $953 | $1,169 | $1,160 |
| Taxes | $249 | $249 | $249 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $79 | $0 |
| Monthly Estimated Total | $1,302 | $1,597 | $1,509 |
Shelly Phares
REALTOR®
Cell: (309) 269-2669
Licensed in IL & IA
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
Member Participants (and their affiliated licensees, if applicable) shall indicate on their websites that IDX information is provided exclusively for consumers’ personal non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID, and that the use of the MLS GRID Data may be subject to an end user license agreement prescribed by the Member Participant’s applicable MLS if any and as amended from time to time. MLS GRID may, at its discretion, require use of other disclaimers as necessary to protect Member Participant, and/or their MLS from liability.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Privacy Policy / DMCA Notice / ADA Accessibility
This site is hosted, designed and copyright
© 1994 - 2026 by
Delta Media Group, Inc. -- Patent Pending --
Agent License Information: Licensed in IL & IA