Press Releases
Marcus & Millichap Arranges Sale of Fully Occupied Salem Shopping Center in Illinois
October 23, 2026
SALEM, Ill., Oct. X, 2026 — Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Salem Shopping Center, a 27,500-square-foot, fully occupied retail center.
“Salem Shopping Center was fully leased at the time of sale, with all tenants operating under triple-net leases,” said Philip Levy, executive managing director investments. “We expect well-located retail properties serving everyday needs to remain attractive to investors in smaller regional markets, particularly those benefiting from established retail anchors and convenient highway access.”
Levy, an investment specialist in Marcus & Millichap's Dallas office, in association with Steven Weinstock, Marcus & Millichap's Illinois broker of record, exclusively marketed the property on behalf of the seller, a private ownership group. Jordan Klink, an investment specialist in the firm's Indianapolis office, represented the buyer, a private investor.
Located at 103 Baldridge Lane, Salem Shopping Center was built in 2007 and sits on 3.33 acres near U.S. Highway 50 and Interstate 57. The nine-suite center is anchored by Dollar Tree, with additional tenants including AT&T Wireless, Shoe Sensation, Cato, El Rancherito Mexican Cuisine and other retail and service businesses. The property is also shadow anchored by a Walmart Supercenter.
“Salem Shopping Center was fully leased at the time of sale, with all tenants operating under triple-net leases,” said Philip Levy, executive managing director investments. “We expect well-located retail properties serving everyday needs to remain attractive to investors in smaller regional markets, particularly those benefiting from established retail anchors and convenient highway access.”
Levy, an investment specialist in Marcus & Millichap's Dallas office, in association with Steven Weinstock, Marcus & Millichap's Illinois broker of record, exclusively marketed the property on behalf of the seller, a private ownership group. Jordan Klink, an investment specialist in the firm's Indianapolis office, represented the buyer, a private investor.
Located at 103 Baldridge Lane, Salem Shopping Center was built in 2007 and sits on 3.33 acres near U.S. Highway 50 and Interstate 57. The nine-suite center is anchored by Dollar Tree, with additional tenants including AT&T Wireless, Shoe Sensation, Cato, El Rancherito Mexican Cuisine and other retail and service businesses. The property is also shadow anchored by a Walmart Supercenter.
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About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2025, the company had 1,808 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 8,818 transactions in 2025, with a sales volume of approximately $50.9 billion. For additional information, please visit www.MarcusMillichap.com.
