18 Public Square,Salem, IN 47167
Salem, IN 47167
Description
Exceptional investment or owner-user opportunity on Salem’s historic Public Square! This versatile approximately 7,548 SF commercial property is zoned CB (Central Business) and features two completely separate street-level commercial storefronts, allowing two independent businesses to operate simultaneously. Each storefront offers its own entrance, street-level presence, large display windows and separate utilities, with the exception of shared water service. One storefront also provides access to the basement, offering additional storage and usable space. The building features three HVAC systems, three restrooms, two kitchenettes and private rear parkinga valuable feature for a downtown property. The expansive unfinished upper level, previously under renovation, provides substantial additional space and exciting potential for future development. Depending upon applicable zoning and approvals, the space may offer possibilities for residential, office, studio or other permitted uses. Located directly on Salem’s historic Public Square, this property combines two independently functioning commercial storefronts, existing tenancy, excellent visibility, private parking, substantial square footage and future development potential. Whether purchased as an investment or for an owner-user seeking space for their own business while benefiting from a separate commercial unit, this property offers tremendous flexibility and long-term potential.
Details
| MLS # | 2026010832 |
|---|---|
| Listing Type | For Sale |
| Style | Office |
| Sub-Type | Resale |
| Status | Active |
| Year | 1940 |
| Days On Site | 43 |
| Listing Provided By | HOOSIER REALTY | Melanie Wells |
Features
| SQ Feet | 7,548 |
|---|---|
| Acreage | 0.08 |
Taxes
| Tax Annual Amount | 3555 |
|---|
Area Information
| State | IN |
|---|---|
| County | Washington |
| City | Salem |
| Zip Code | 47167 |
| Listing VS Median (in 47167) | |
Price: $299,000 low | high Med: $226,950 sqft: 7,548 low | high Med: 1,176 $ / sqft: $40 low | high Med: $215 On site: 43 low | high Med: 58.5 | |
Market Activity 47167
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Learn More About This Property
| State | IN |
|---|---|
| County | Washington |
| City | Salem |
| Zip Code | 47167 |
| Listing VS Median (in 47167) | |
Price: $299,000 low | high Med: $226,950 sqft: 7,548 low | high Med: 1,176 $ / sqft: $40 low | high Med: $215 On site: 43 low | high Med: 58.5 | |