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$69,000
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Property Description
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.
Full Property Details
Full Property Details for 120 S Broadway Ave
General
- Price: $69,000
- Taxes: $3,688 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: EB458796
- Updated: 2/17/2026
- Added to Site: 243 day(s) ago
Interior
- Flooring: Carpet, Concrete, Tile, Wood
Location
- Area: Salem
- County: Marion
- Driving Directions: From Rt 50 turn south on broadway property is on the east side of Broadway
- Location Details: TIF Zone, In City Limits
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air
Structural Information
- Construction: Brick, Stone, Block
- Exterior Const.: Brick, Stone, Block
- Sub-Flooring: Carpet, Concrete, Tile, Wood
- Stories/Levels: 3
- Square Feet: 4,000
- Year Built: 1877
- Built Before 1978: Yes
Lot Features
- Lot Dimensions: 98 x 32
- Frontage: City Street
- Potential Use: Other, Office
- Zoning: Comme
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Assessment Year: 1877
- Tax Amount: $3,688.12
- Tax Year: 2024
Disclosures and Reports
- Property ID: 1100008510
Listed by Quinn Realty and Property Management Group
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Schools
Schools serving 120 S Broadway Ave
School Districts:Salem School District 111, Salem Community High School District 600
| Name | Grades | Distance |
|---|---|---|
Franklin Park Middle School 1325 Bobcat Cir, Salem, IL 62881 | 4-8 | 1 mi |
Hawthorn Elementary School 1300 Bobcat Cir, Salem, IL 62881 | K-3 | 1.1 mi |
Salem Community High School 1200 North Broadway, Salem, IL 62881 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 S Broadway Ave
Date
Details
Price
Change
Source
7/11/2025
Listed
$69,000
109.09%
MLS
11/10/2023
Sold
$33,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 120 S Broadway Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,532
1%
$47,930
9%
2023
$3,480
3%
$43,960
10%
2022
$3,379
2%
$39,970
7%
2021
$3,314
—
$37,360
1%
2021
$3,314
1%
$37,080
4%
2020
$3,274
1%
$35,720
—
2019
$3,227
—
$35,720
2%
2018
$3,234
3%
$35,020
6%
2016
$3,155
10779%
$33,030
2%
2012
$29
—
$32,390
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120 S Broadway Ave
120 S Broadway Avenue, Salem, IL 62881 (MLS# EB458796) is a Commercial property. 120 S Broadway Avenue is currently listed for $69,000 and was received on July 11, 2025. Want to learn more about 120 S Broadway Avenue? Do you have questions about finding other Commercial real estate for sale in Salem? You can browse all Salem real estate or contact a Coldwell Banker agent to request more information.

