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Active under contract
    • Listed by: VIP Properties • Jordan L Thompson
    Price cut: $10K (6/3)
    $185,000

    306 E Franklin St, Salem, MO 65560

    1beds
    792sqft
    : 
    $1,196/mo
    Get pre-qualified
    Single Family Residence
    Built in 1984
    0.3 Acres Lot
    $176,200 Zestimate®
    $234/sqft
    $-- HOA

    What's special

    Shop sinkPrivate entranceQuartz countertopsCustom cabinetsLarge gravel lotToolboxes with workbenchButcherblock breakfast bar
    Call to schedule your private showing for this awesome multi-purpose building located in the heart of Salem. The building consists of approximately 1848 sq. ft. of usable space. This 1 bedroom 1 bath shop house has a full kitchen with Stainless Steel Appliances, electric cooktop, range hood, custom cabinets, quartz countertops, custom pantry and butcherblock breakfast bar. Full Bathroom with custom vanity, toilet and shower. Completely updated wiring throughout the building and living quarter. Homerun Pex plumbing system with whole house water filter system. Toolboxes with workbench, shop sink and a stacked washer & dryer in the utility/storage room. The shop is 33'x32' with 14 ft ceiling with 8x10 & 12x10 garage doors. Central heat and air in the shop area with two mini splits in the living quarters. Metal siding and roof with seamless guttering. Large gravel lot and private entrance. This property would be an excellent location for someone that wants to run a business or needs room for their toys! Seller is offering a $2,500 Seller Credit at closing. Do not hesitate to give us a call today!!
    106 days
    |
    140
    |
    6
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Jordan L Thompson 573-247-4654,

    VIP Properties

    Source: MARIS,MLS#: 26021069MLS LogoOriginating MLS: South Central Board of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 1
      • Bathrooms: 1
      • Full bathrooms: 1
      • Main level bathrooms: 1
      • Main level bedrooms: 1
      Bedroom
      • Features: Floor Covering: Luxury Vinyl Plank
      • Level: Main
      • Area: 110
      • Dimensions: 11x10
      Bathroom
      • Features: Floor Covering: Luxury Vinyl Plank
      • Level: Main
      • Area: 48
      • Dimensions: 8x6
      Kitchen
      • Features: Floor Covering: Luxury Vinyl Plank
      • Level: Main
      • Area: 132
      • Dimensions: 11x12
      Utility room
      • Features: Floor Covering: Concrete
      • Level: Main
      • Area: 414
      • Dimensions: 18x23
      Heating
      • Electric, Other
      Cooling
      • Ceiling Fan(s), Central Air, Multi Units
      Appliances
      • Included: Stainless Steel Appliance(s), Electric Cooktop, Dishwasher, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Electric Water Heater
      • Laundry: Main Level
      Features
      • Breakfast Bar, Ceiling Fan(s), Custom Cabinetry, Eat-in Kitchen, Storage
      • Flooring: Concrete, Luxury Vinyl
      • Windows: Double Pane Windows
      • Has basement: No
      • Has fireplace: No
      Interior area
      • Total structure area: 792
      • Total interior livable area: 792 sqft
      • Finished area above ground: 792
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Additional Parking, Driveway, Garage, Gravel, Heated Garage, On Site, Open, Outside, Oversized, Parking Lot, Private
      • Attached garage spaces: 2
      • Has uncovered spaces: Yes
      Features
      • Levels: One
      • Exterior features: Lighting, Private Entrance, Rain Gutters
      • Fencing: Privacy
      • Frontage length: 65.1ft.
      Lot
      • Size: 0.3 Acres
      • Dimensions: .30 Acres
      • Features: Open Lot, Private, Rectangular Lot
      Details
      • Additional structures: None
      • Parcel number: 094.018364001.001
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Other
      • Property subtype: Single Family Residence
      Materials
      • Concrete, Frame, Metal Siding
      • Foundation: Concrete Perimeter
      • Roof: Metal
      Condition
      • Updated/Remodeled
      • New construction: No
      • Year built: 1984

      Utilities & green energy

      • Electric: Single Phase, 220 Volts
      • Sewer: Public Sewer
      • Water: Public
      • Utilities for property: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected

      Community & HOA

      Community
      • Security: Security System Owned
      • Subdivision: Millsap Add
      HOA
      • Has HOA: No
      Location
      • Region: Salem

      Financial & listing details

      • Price per square foot: $234/sqft
      • Annual tax amount: $994
      • Date on market: 4/10/2026
      • Cumulative days on market: 106 days
      • Listing terms: 1031 Exchange,Cash,Conventional,VA Loan
      • Ownership: Private
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        $176,200

        $167,000 - $185,000

        $713/mo

        Price history

        DateEventPrice
        7/1/2026Contingent$185,000$234/sqft
        Source: MARIS #26021069 Report a problem
        6/3/2026Price change$185,000-5.1%$234/sqft
        Source: MARIS #26021069 Report a problem
        4/30/2026Price change$195,000-4.9%$246/sqft
        Source: MARIS #26021069 Report a problem
        4/10/2026Listed for sale$205,000$259/sqft
        Source: MARIS #26021069 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 65560

        Getting around

        68 / 100
        Somewhat Walkable
        43 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Salem Upper Elem.
        • Middle: Salem Jr. High
        • High: Salem Sr. High

        Source: MARIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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