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205 Main St Salem, IN 47167

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For Sale
$389,900

High-traffic location, flexible space, great income.

Property size:
3,524 SF

Property Features for 205 Main St

General Information

Property type
Other commercial real estate
Square Feet
3,524 SF

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Listing Contact
Nathan Soliday

Listing Agency: Streamline Real Estate, LLC Listing Agent: Nathan Soliday

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

This 3,524 square foot commercial property at 205 N Main Street, Salem, IN, presents a unique investment opportunity. The building boasts five offices, a conference room, and a large two-bay attached garage, providing ample space for a variety of uses. Three additional storage units offer extra versatility. The property benefits from excellent road frontage on a high-traffic section of Main Street, ensuring high visibility. A new HVAC system was installed in 2020, minimizing maintenance concerns. Currently generating a stable monthly income of $1,150 from month-to-month tenants, this property offers immediate return on investment. The seller is open to considering a contract sale with a $50,000 down payment. Alternatively, the owner may consider a monthly lease at $2,300 per month plus utilities, providing flexibility for potential buyers. This versatile property is ideal for businesses seeking a prominent location with substantial space and existing income potential. The property sits on a 0-acre lot.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Brave Roofing & Restoration Hardware & Home Improvement Streamline Home Sales Real Estate Agency Nathan Soliday Mortgage Loan Service Success Mortgage Partners Loan Service Streamline Storage Storage Facility

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Salem
County
Washington
State
Indiana
Longitude
-86.10049
Latitude
38.60709

FAQs

What type of property is this?
Commercial real estate - High-traffic location, flexible space, great income.
Where is this commercial real estate located?
The property is located at 205 Main St Salem, IN.
What is the asking price?
The asking price for this property is $389,900.
More about this property
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