Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    701 S Main St Salem, IN 47167

    For Sale
    $179,900

    Commercial Land - Salem, IN

    Lot size:
    2.35 Acres
    Days on Market:
    117
    Last Refresh:
    Dec 6 at 12:06 pm

    Property Features for 701 S Main St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    88-24-20-224-006.000-022
    Lot size
    2.35 Acres

    Building Details

    Architectural style
    Other

    Mainstreet Realtors (812) 883-9555 [email protected]

    Listing agent Mary McCoskey Finkle (812) 883-9555 License #AD51424708

    Listing date Aug 12, 2025

    MLS# 202518392 Listing URL

    Copyright © 2025 Bedford Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Land Opportunity

    This commercial land is located in the heart of Salem, Indiana, situated on the main strip. The property offers opportunities for establishing a new business. The parcel being offered is approximately 1 acre, to be determined by survey from the existing 2.35 acre lot. Taxes will be determined after the division of the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Star Nail Nail Salon

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.100803
    Latitude
    38.598332

    Nearby Similar for Sale

    • $200,000
      4.53 Acres

      Salem, IN Garage with Office

      Garage with office space on 4.53-acre lot.
      1000 W Market St, Salem, IN 47167
      View Details
    • $199,900
      0.61 Acres

      Commercial Building with Parking Space

      Versatile commercial building suitable for various business ventures.
      300 W Mulberry St, Salem, IN 47167
      View Details
    • New
      $200,000
      Pending

      Salem, IN Warehouse with Office

      Warehouse with office space, rollup doors, and ample parking.
      1000 W Market St, Salem, IN 47167
      View Details
    • $339,000

      Downtown Salem Commercial Building For Sale

      Well-maintained commercial building with storefronts, office space, and parking.
      18 Public Sq, Salem, IN 47167
      View Details
    • $1,500,000
      41,734 SF

      Apartment Complex in Salem, Indiana

      21-unit apartment complex with rental income potential in Salem, Indiana.
      100 Walnut Tree Dr, Salem, IN 47167
      View Details
    • $1,295,000
      0.17 Acres

      Historic Salem Bakery - Turnkey Business

      Established bakery, loyal clientele, high profits.
      21 Public Rd, Salem, IN 47167
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land for sale in the heart of Salem.
    Where is this commercial land located?
    The property is located at 701 S Main St Salem, IN.
    What is the asking price?
    The asking price for this property is $179,900.
    What are key features of this property?
    This property features: - Prime commercial location in the heart of Salem; - Located directly on the main strip; - Suitable for a new business, offering endless opportunities
    (812) 883-9555
    Request Owner's contact information
    701 S Main St Salem, IN 47167
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    701 S Main St
    Salem, IN 47167
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    701 S Main St Salem, IN 47167
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.