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Mixed-Use Building with Apartments
For Sale
$250,000

106 S Main Street, Salem, IN 47167

Commercial, Salem, IN

Property Size4,388 SF
Lot Size0.05 Acres
Price / SF$56.97
Days on Market87

Property Features for 106 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Directions Just off of the Salem Square on the South Side
Standard status Active
APN 0220212317
Size 4,388 SF
Lot size 0.05 Acres

Taxes and HOA fees

Tax Year 4051
Tax Description 13-17-334-035.000-22 PT LOT 15 OP
Tax Annual Amount 1611
Legal Description 13-17-334-035.000-22 PT LOT 15 OP

Building Details

Year built 1910
Listing Agency: Mainstreet REALTORS
Listed By: Mary McCoskey Finkle · License #AD51424708
Added: Jun 8 Changed: Aug 30 Last Checked: Sep 2 at 12:06PM
MLS# 202608997

Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

Built in 1910, this 4,388-square-foot mixed-use property combines office and residential components across multiple levels. The main floor includes front office space with a full bathroom and a rear one-bedroom, one-bath apartment with separate rear access. A three-bedroom, two-bath apartment occupies the second floor, while the basement provides additional office rental space measuring 27 by 15.8 feet.

The property occupies 0.05 acres at 106 S Main Street in Salem, Indiana, just off the south side of Salem Square. Its combination of office areas, two apartments, and basement rental space creates a varied configuration within a single commercial building.

Key Highlights

  • 4,388‑square‑foot mixed‑use building on 0.05 acres
  • Built in 1910
  • Main‑level 1bed/1bath apartment with separate rear entrance

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Electrical Service Big Box & Wholesale Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

516
Businesses Nearby

Demographics for 47167, IN

15,683
Population
6,547
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
213.0 sq mi
ZIP Area
74
Density / Sq Mi
$57,697
Median Household Income
$38,038
Median Earnings
$726
Median Rent
$161,500
Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - 1910 property combines office space with two residential units and additional basement rental area.
Where is this mixed-use property located?
The property is located at 106 S Main Street Salem, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4,388‑square‑foot mixed‑use building on 0.05 acres; Built in 1910; Main‑level 1bed/1bath apartment with separate rear entrance
More about this property
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