44
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$299,000
Est. payment /mo
3,484 Sqft Lot
Active
18 Public Square Salem, IN 47167
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Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS Listing ID 2026010832
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
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 parking—a 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.
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.
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,Residential,Retail,Single Family
Building
Construction Status Resale
Others
Tax ID 0220018817
Listed by HOOSIER REALTY
Moya Jackson
Principal Broker/Owner | License ID: 276120
+1(502) 432-0705 | moya@thecollectiverealtyco.com