1040 Vail St, Salem, IL 62881 Property Records

Marion County property record for 1040 Vail St, Salem, IL 62881

Property Summary

Property TypeCommercial
Details8,680 sqft · built 1940
Lot Size0.491 acres (21,417 sqft)
OwnerCompany Name on File
Last Sale$150,000 (Nov 2018)
Tax Bill$5,187 (2025)
Deeds & MortgagesNov 2018 Sale & Mortgage
Flood ZoneZone X (minimal risk)
APN1100019736

Property Details

APN / Parcel Number

Primary APN1100019736

Interior

Building Area8,680 sqft Living Area

Exterior

Year BuiltBuilt 1940
Effective Year BuiltEffective 1940
Lot Area21,417 sqft (0.491 acres)

Location & Zoning

Street Address1040 VAIL ST
CitySALEM
StateIL
Zip62881-2633
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionROTAN LOTS LOTS 2 & 3 & 4 & 5 BLOCK 8
Legal SubdivisionROTAN SUB
Legal Block8
Legal Lot Number2,3
JurisdictionMARION IL
Township / Civil DivisionSALEM
Census Block Group3
Census Block3028
Census Tract952000

Owner

1040 Vail St, a commercial property, is owned by a company that bought it in November 2018.

Source: Marion County records, as of July 16, 2026

Owner of RecordCompany Name on File
Mailing Address1040 VAIL ST, SALEM, IL 62881-2633
Owner TypeCompany
VestingCompany

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed NamesName on Deed
Last SaleNov 30, 2018 · Amount on File
Deed SaleNov 30, 2018 · Amount on File
Deed Document Number20185770
Record UpdatedSep 20, 2026

November 2018: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionMARION IL
Recording DateNov 30, 2018
Property Address1040 VAIL ST, SALEM, IL 62881-2633
Document Number2018R05770
Instrument DateNov 28, 2018
Instrument2018R05770
Transaction TypeTransfer
Record UpdatedAug 5, 2022

Transaction

AmountAmount on Record
Loan-to-Value (LTV)LTV on Record
Tax$225.00
Amount AccuracyCalculated from Transfer Tax
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
Address1040 VAIL ST, SALEM, IL 62881-2633

Mortgage

Document Number2018R05771
DateNov 30, 2018
Instrument2018R05771
Lender
NamePEOPLES NATIONAL BANK
Agreement
TypeConventional Mortgage
AmountAmount on Record
Interest
Rate TypeFixed Rate

Tax Assessment & Valuation

The 2025 property tax bill for 1040 Vail St was $5,187.

Source: Marion County assessment roll, as of July 16, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyMarion County
County SubdivisionSalem Township
MunicipalitySalem City
Elementary School DistrictSalem School District 111 (PK - 08)
Secondary School DistrictSalem Community High School District 600 (09 - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$5,187.00$75,210 Land $21,320 Building $53,890$225,630 Land $63,960 Building $161,670
2022$4,467.00$52,840 Land $11,960 Building $40,880$158,520 Land $35,880 Building $122,640

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Flood

FEMA maps place 1040 Vail St in Zone X, an area of minimal flood risk.

Source: FEMA National Flood Hazard Layer, effective November 16, 2011

FEMA Flood ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Wildfire risk around 1040 Vail St is low, with less than a 0.01% annual chance of wildfire.

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire RiskLow
lower than 95% of the US · lower than 70% of Illinois
Wildfire LikelihoodUnder 0.01% annual chance
ExposureDirect
burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water SystemSALEM
serves 7,905 people · EPA ID IL1210450
Water SourceSurface water
Last State InspectionMar 2024
Lead2 ppb (2024–2026)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes. The service area is an EPA estimate; the actual supplier may differ.

Internet Providers

Source: FCC Broadband Data Collection, based on 121 locations within half a mile, as of December 31, 2025

ProviderMax Down / Up (Mbps)
Wabash Communications
Fiber
1,000 / 1,000
Spectrum
Cable
1,000 / 1,000
Verizon
Fixed Wireless
300 / 20
GigFire
Fixed Wireless
150 / 130

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