306 E Franklin St, Salem, MO, 65560
About This Home
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! Do not hesitate to give us a call today!!
Getting Around
Somewhat Walkable
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: Updated/Remodeled
- Year built: 1984
Materials
- Foundation: Concrete Perimeter
- Roof: Metal
- Construction materials: Concrete,Frame,Metal Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Other
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Stainless Steel Appliance(s),Electric Cooktop,Dishwasher,Microwave,Range Hood,Refrigerator,Washer/Dryer Stacked,Electric Water Heater
- Laundry features: Main Level
Bathroom
- Features: Floor Covering: Luxury Vinyl Plank
- Level: Main
- Area: 48
- Dimensions: 8x6
Bedroom
- Features: Floor Covering: Luxury Vinyl Plank
- Level: Main
- Area: 110
- Dimensions: 11x10
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Features
- Breakfast Bar,Ceiling Fan(s),Custom Cabinetry,Eat-in Kitchen,Storage
- Window features: Double Pane Windows
- Flooring: Concrete,Luxury Vinyl
- Finished area below ground: 0
- Finished area above ground: 792
Heating & Cooling
- Heating features: Electric,Other
- Cooling features: Ceiling Fan(s),Central Air,Multi Units
Interior Area
- Total structure area: 792
- Total interior livable area: 792 sqft
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
Property
Details
- Parcel number: 094.018364001.001
- Special condition: Standard
Features
- Levels: One
- Exterior features: Lighting,Private Entrance,Rain Gutters
- Fencing: Privacy
- Frontage length: 65.1ft.
Lot
- Lot size: 0.30 Acres
- Features: Open Lot,Private,Rectangular Lot
- Lot size dimensions: .30 Acres
Parking
- Total spaces: 2
- Parking features: Additional Parking,Driveway,Garage,Gravel,Heated Garage,On Site,Open,Outside,Oversized,Parking Lot,Private
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
- Tornado
- Winter Weather
- Earthquake
- Inland Flooding
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Missouri Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $935 | $11,220 |
| Home Insurance * | $308 | $3,696 |
| Property Taxes | $53 | $636 |
| Electricity | $141 | $1,693 |
| Total | $1,437 | $17,244 |
Income You'd Need if You Spent...
Missouri FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-30 | Price change | $195,000 |
| 2026-04-10 | Listed for sale | $205,000 |
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