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    701 S Main St Salem, IN 47167

    For Sale
    $130,000

    Cross Property - Salem, IN

    Lot size:
    1.00 Acre
    Days on Market:
    67
    Last Refresh:
    Dec 6 at 10:06 am

    Property Features for 701 S Main St

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    0220199320
    Lot size
    1.00 Acre

    Building Details

    Architectural style
    Other

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

    Listing agent Mary McCoskey Finkle (812) 883-9555

    Listing date Oct 1, 2025

    MLS# 202507465 Listing URL

    Copyright © 2025 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.

    Overview

    Commercial Land in Salem, Indiana

    This is a commercial land opportunity located in Salem, Indiana, situated on Main Street. The property is zoned for commercial use and offers potential for various business ventures. The available parcel is approximately 1 acre. The property is located in the heart of Salem, offering a location on the main strip. The property will be surveyed to divide. Taxes will be determined once the property has been divided.
    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
    -86.101103
    Latitude
    38.598204

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    FAQs

    What type of property is this?
    Commercial land - Prime commercial land opportunity in the heart of Salem, Indiana.
    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 $130,000.
    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.
    (812) 883-9555
    Request Owner's contact information
    701 S Main St Salem, IN 47167
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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
    701 S Main St Salem, IN 47167
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