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206 Walnut St Salem, IN 47167

For Sale
$199,900

Large commercial property, multiple buildings, high traffic area.

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional commercial property at 206 W Walnut Street in Salem, Indiana, presents a remarkable investment opportunity. Spanning 0.86 acres and boasting high visibility due to its location bordering two main roads, this property offers significant potential for a variety of businesses. The main building comprises nearly 4,000 square feet of open space, ideal for retail display or warehousing, complemented by two well-appointed offices, a convenient bathroom, a loading dock, and two separate entry points. Recent upgrades significantly enhance the property's value and functionality. These include the installation of two new air conditioning units and two new furnaces in 2017, along with a new water heater and new flooring during the same year. Partial roof replacement was also completed in 2017, and a fresh coat of paint was applied in 2023. The property's history as a thriving hardware and lawn and garden center speaks to its inherent suitability for similar ventures. Beyond the main building, three additional structures offer versatile space. One is an open-sided building measuring 24 x 60 x 14 feet, while another is a 26 x 50 foot building featuring a large room with a garage door. A third storage building, equipped with three sliding doors and four open bays, previously served as mulch storage. Ample parking is available, with 35+ spaces currently accessible, and the possibility of expanding parking further by utilizing an adjoining lot. The property's diverse features and prime location make it suitable for a wide range of uses, including but not limited to lawn and garden centers, hardware stores, flea markets, mower shops, floral shops, and various other retail businesses. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location.

Property Features for 206 Walnut St

General Information

Property type
Retail properties
Lot Size
37,462 SF

Building Details

Year Built
1965

Property Profile Location Intelligence

Current Use by Public Records

Miller Hardware Garden Center

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
-86.10321
Latitude
38.60651

FAQs

What type of property is this?
Retail property - Large commercial property, multiple buildings, high traffic area.
Where is this retail property located?
The property is located at 206 Walnut St Salem, IN.
What is the asking price?
The asking price for this property is $199,900.
More about this property
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