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    107 Salem Ave Indianola, IA 50125

    For Sale
    $315,000

    High-return investment: commercial & residential.

    Property size:
    6,640 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional mixed-use property, located at 107 W Salem Avenue in the desirable Indianola Square, presents a unique investment opportunity. The building boasts a substantial 6,640 square feet of commercial space, ideally suited for a variety of businesses. The commercial area features separate utilities (water, gas, and electric), three half-bathrooms, one three-quarter bathroom, and a dedicated office. The layout allows for customization and expansion, with potential for additional rental units given the back alley access. Adding to its appeal are two residential units: a studio apartment and a larger two-bedroom apartment, each with a full bathroom. These units share a convenient laundry facility. The residential units are all-electric with window air conditioning. Furthermore, the third level of the commercial space offers significant potential for conversion into an additional studio apartment, further enhancing the property's income-generating capabilities. The property sits on a 0.13-acre lot, providing ample space and accessibility. Priced at $315,000, this property offers a compelling blend of commercial and residential income streams, making it an attractive addition to any investment portfolio.

    Property Features for 107 Salem Ave

    General Information

    Property type
    Other commercial real estate
    Square Feet
    6,640 SF
    Lot Size
    5,663 SF

    Building Details

    Year Built
    1890
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Fusion Fitness Gym Odds and Ends 88 ... E-Commerce Service Savor The Rise Cafe Two Rivers Martial ... Self Defense School Apartments Lodging

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Indianola
    County
    Warren
    State
    Iowa
    Longitude
    -93.56138
    Latitude
    41.36003

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    FAQs

    What type of property is this?
    Commercial real estate - High-return investment: commercial & residential.
    Where is this commercial real estate located?
    The property is located at 107 Salem Ave Indianola, IA.
    What is the asking price?
    The asking price for this property is $315,000.
    (515) 453-6300
    Request Owner's contact information
    107 Salem Ave Indianola, IA 50125
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    Indianola, IA 50125
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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
    107 Salem Ave Indianola, IA 50125
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