Versatile Commercial Property with
For Sale
$199,900
206 Walnut Street, Salem, IN 47167
Large commercial property with multiple buildings and ample parking.
Property Size4,000 SF
Lot Size0.86 Acres
Price / SF$49.98
Days on Market2310
Property Features for 206 Walnut Street
General Information
Standard status
Active
Size
4,000 SF
Lot size
0.86 Acres
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$1,485
Amenities
3
35 Parking Spaces.
.86
Building Details
Year Built
1965
Listing Agency:
Mainstreet REALTORS
Listed By:
Debbie Curtis · License #RB14032127
(812) 883-9555
Source:
Xome
Added: May 11, 2020
Changed: Sep 1
Last Checked: Sep 5 at 5:38AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mainstreet REALTORS
Investment Insights
Based on property information with market context.
This commercial property offers numerous possibilities, featuring two separate parcels bordering two main roads and totaling 0.86 acres. The main building provides approximately 4,000 square feet of open space, complemented by two offices, a bathroom, a receiving dock, and two entry doors. Enhancements completed in 2017 include two new AC units, two new furnaces, a new water heater, new flooring, and a partially new roof. The property was freshly painted in 2023. In addition to the main building, there are three additional structures: an open-sided building measuring 24 x 60 x 14 feet, a 26 x 50 foot building with a large room and garage door, and a storage building with three sliding doors and four open bays previously used for mulch storage. Approximately 35 parking spots are available, with the potential for more if the adjoining lot is converted into parking. The property was previously utilized as a hardware, lawn, and garden center. Potential uses include lawn and garden, hardware, flea market, mower shop, floral shop, or other retail businesses.
Key Highlights
- Large commercial property with 4,000 sq. ft of open space on .86 acres.
- Located on 2 separate parcels bordering 2 main roads.
- Includes 3 additional buildings: open‑sided 24 x 60 x 14, 26 x 50 with garage door, and storage building with 3 sliding doors and 4 open bays.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 47167, IN
15,683
Population
6,547
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
213.0 sq mi
ZIP Area
74
Density / Sq Mi
$57,697
Median Household Income
$38,038
Median Earnings
$726
Median Rent
$161,500
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Large commercial property with multiple buildings and ample parking.
Where is this storefront property located?
The property is located at 206 Walnut Street Salem, IN.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Large commercial property with **4,000 sq. ft of open space** on .86 acres.; Located on 2 separate parcels bordering 2 main roads.; Includes 3 additional buildings: open‑sided 24 x 60 x 14, 26 x 50 with garage door, and storage building with 3 sliding doors and 4 open bays.
