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401 E MAIN Street, Salem, IL 62881

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For Sale

$130,000

Estimated Payment

$ 797 /mo. †

6.63% APR for 30 yrs.
$1,565 in taxes
Change Loan Terms

  • Other Residential
    Property type

  • Newly Listed
    Time on Century 21

Explore this Property

Blank, commercial lot, downtown and located on a very heavily travelled highway. Perfect location for your business. Property is one block deep on a corner with access on three sides. The Illinois EPA Corrective Action Completion Report is attached. Property is zoned B 3. Zoning description is attached in documents.
MLS# EB457076

Courtesy Of Somer Real Estate

(618) 548-5123

Property Features

  • Architecture Style
    Other

Map and Directions

Directions to 401 E MAIN Street, Salem, IL 62881

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Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
    $666
  • Property Taxes
    $130
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
    $797

Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

Schools

Hawthorn Elementary School

Grades KG-3 Public School

Salem, IL 62881 1.1 miles
1300 bobcat cir

382 total students

School Rating: B

School Details

Franklin Park Middle School

Grades 4-8 Public School

Salem, IL 62881 1.1 miles
1325 n franklin st

584 total students

School Rating: A-

School Details

Salem Community High School

Grades 9-12 Public School

Salem, IL 62881 0.8 miles
1200 n broadway ave

683 total students

School Rating: B-

School Details
Other Nearby Schools Distance Type Grades School Rating
Selmaville Elementary School 4 miles Public KG-8 C-

Selmaville Elementary School

Distance: 4 miles

Type Public

Grades: KG-8

C-

School information does not guarantee enrollment. School service boundaries are provided as a reference only, may change, and are not guaranteed to be accurate. Contact the school district directly to verify school enrollment eligibility.

Local area information for Salem, IL 62881

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Salem, IL 62881

This community’s employment is highest in the production occupations and food industries. The area’s overall household expenses are above the national average.

89° July
Hottest Average Month
21° January
Coldest Average Month
4,356 Total Households in Area
-2.1% Increase in population since the year 2010
31.8%
of households
have children
16 minutes
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Demographic facts
for Salem, IL 62881

Salem, IL 62881 has a population of 10,362 people in 4,356 households with a median age of 39.1 years old.

-2.1%
Decrease in population
since the year 2010
Population is Trending down
4,396
Total households as of 2010
1.1%
projected percent change in total
households in 5 years

Community Population By Age

The median age for this area is 39.1 years old. The smallest percentage group is 25-34 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 91%
Hispanic 2%
Black 1%
Asian <1%
Other <1%
Native American <1%
The most prevalent ethnicity is White at 91%, followed by Hispanic at 2%, Black at 1%, and Asian at <1%.

Economics
for Salem, IL 62881

105 /sq mi
Population Density
$57,202 /yr
Median Household Income
$169,000
Median Sales Price
16 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $50-74,999k representing 20.63% of the households.

Transportation to Work

  • Drive 96%
  • Work from Home 3%
  • Walk or Bike 1%
  • Public Transit 0%

Occupancy by Type

Owned 3,025 64%
Rented 1,330 28%
Vacant 403 8%

White vs Blue Collar Jobs







White Collar 64%
Blue Collar 36%

Family & Education Facts
for Salem, IL 62881

39.1 Median Age

Average Household Size

2.3
persons per
household

41.3%

Married Households

Community Population By Education

High School Graduate 39%
Some College 24%
Associates Degree 13%
Bachelors Degree 12%
Some High School 7%
Graduate Degree 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 38.53% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
31.8% of households have children

Weather
for Salem, IL 62881

The weather for this area ranges from a high of 89° F in July to a low of 21° F in January

89° July
Hottest Average Month
21° January
Coldest Average Month

Average Temperature by Month

Low (°F)
High (°F)
Jan
21°
39°
Feb
24°
43°
Mar
33°
54°
Apr
44°
67°
May
53°
76°
Jun
62°
85°
Jul
66°
89°
Aug
64°
88°
Sep
56°
81°
Oct
45°
70°
Nov
35°
55°
Dec
25°
42°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

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Copyright © 2025 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. 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. 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 powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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