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    205 Main St Salem, IN 47167

    For Sale
    $389,900

    High-traffic location, flexible space, great income.

    Property size:
    3,524 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    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 Features for 205 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    3,524 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Brave Roofing & Restoration Water Damage Restoration Service Streamline Home Sales Real Estate Consultant Nathan Soliday Mortgage Mortgage Lender Success Mortgage Partners Mortgage Lender Streamline Storage Storage Facility

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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

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    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.
    (812) 620-0046
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    205 Main St Salem, IN 47167
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    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
    205 Main St Salem, IN 47167
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