Marcus & Millichap Arranges Sale Of Salem Shopping Center In Salem Illinois For Private Investor
103 Baldridge Lane
Building Size
27,500 SF
Asset Type
Retail
Closing
Oct 28, 2026
About this deal
AI
The property asset involved in this transaction is Salem Shopping Center, located at 103 Baldridge Lane in Salem, Illinois. This retail center encompasses a total area of 27,500 square feet and is situated on 3.33 acres of land. The property is fully occupied under triple-net leases and is anchored by Dollar Tree, with Walmart Supercenter as a shadow anchor.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Square Footage: 27,500
- Address: 103 Baldridge Lane
- Market: Salem, IL
- Acres: 3.33
The deal included representatives from Marcus & Millichap, where Philip Levy and Steven Weinstock acted on behalf of the private seller, while Jordan Klink represented the private investor buyer. This arrangement facilitated the successful transaction of the property.
On the Map
Retail
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Players
Salem Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93