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$ 299,000
Est. payment | /mo
3,484 Sqft Lot
$ 299,000
Est. payment | /mo
3,484 Sqft Lot
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 202608221
Construction Status Resale
Year Built 1940
Annual Tax Amount $3,555
Lot Size 3,484 Sqft
Acres 0.08
Property Sub-Type Office
Property Description
Welcome to 18 Public Square in the heart of downtown Salem. This versatile mixed-use commercial property features two separate storefronts, private parking, basement storage, and an unfinished upper level with residential apartment potential. The building offers excellent flexibility for investors or owner-occupants with multiple income stream opportunities. Features include three HVAC systems, three restrooms, two kitchenettes, large display windows, strong exposure, and prime downtown visibility. One storefront is currently tenant occupied while the additional storefront provides owner-user or additional rental potential. The upper level was previously under renovation and offers opportunities for custom residential buildout, office space, studio use, or additional income-producing space. Rare private parking behind the building adds significant value and convenience rarely found on the Square. The combination of active commercial space, future residential potential, and downtown location makes this property ideal for investors, entrepreneurs, or business owners seeking long-term upside. Property is zoned CB (Central Business). Shown by appointment only. Listing broker is property owner and licensed Indiana managing broker. Buyer/buyer's broker to verify measurements, zoning, permitted uses, utility information, ordinances, restrictions, and all material facts. No warranties expressed or implied.
Location
State IN
County Washington
Direction From the Salem Square, property is located on Public Square in downtown Salem. Building is situated on the Square with private parking access located behind the building.
Interior
Fireplace No
Exterior
Present Use Office,Other,Residential,Retail,Single Family
Building
Construction Status Resale
Others
Tax ID 0220018817
Listed by HOOSIER REALTY
Nearby Locations