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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

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.
More about this property
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