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    305 S Albany St Selma, IN 47383

    For Sale
    $149,900

    Salon, Mixed Use - Selma, IN

    Type:Mixed Use
    Lot size:
    0.18 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 305 S Albany St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Mixed Use
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    18-12-15-108-017.000-011
    Parking features
    Off Street
    Interior features
    Drywall, 220 Volts
    Exterior features
    220 Volts
    Lot size
    0.18 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1985
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Roof type
    Shingle
    Architectural style
    Other

    Coldwell Banker Lunsford (765) 289-2228 [email protected]

    Listing agent Brian VanMatre (765) 289-2228 License #RB15000833

    Listing date Nov 14, 2025

    MLS# 202545990 Listing URL

    Copyright © 2025 Mid-Eastern Indiana Association of Realtor MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Selma Retail Opportunity

    Located in Downtown Selma, this property is currently furnished as a turn-key hair salon with three stylist stations. The building offers over 800 square feet of space, presenting the possibility of conversion to accommodate various business needs. Included in the sale are three stylist chairs and mats, a retail showcase, a tanning bed, vending machines, and decor. The layout features a large front room measuring 25 feet by 16 feet, which is currently used for stylist stations and a waiting area. Additionally, there are two smaller rooms, each measuring 9 feet by 6 feet, which could be combined into a larger room. The property also includes a bathroom and a kitchen/laundry area equipped with a refrigerator, microwave, washer, and dryer. On and off-street parking is available. The lot size is approximately 0.18 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Spa & Massage Auto Repair Shop Hair Salon Clothing Store Nail Salon Gym & Fitness Storage Facility HVAC Service Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Selma
    County
    Delaware
    State
    Indiana
    Longitude
    -85.268792
    Latitude
    40.19112

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    FAQs

    What type of property is this?
    Retail space - Turn-key salon or convert to suit your business needs.
    Where is this retail space located?
    The property is located at 305 S Albany St Selma, IN.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: - Prime business location in Downtown Selma.; - Turn-key ready, currently furnished as a hair salon with 3 stylist stations.; - Includes salon equipment, tanning bed, vending machines, and decor.
    (765) 289-2228
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    305 S Albany St Selma, IN 47383
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