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1101 S Main Street Salem, IN 47167

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For Sale
$199,900

Land with approved plans for 88 storage units.

Property size:
3,444 SF
Price / SF:
$58/SF
Added:
Jan 23, 2025
Days on Market:
456
Last Refresh:
Apr 1 at 8:53 pm

Property Features for 1101 S Main Street

General Information

Standard status
Active
Size
3,444 SF
Property subtype
Other

Building Details

Year Built
1920

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Listing Contact
Nathan Soliday

Listing agent Nathan Soliday

Listing office Streamline Real Estate, LLC

Listing date Jan 23, 2025

Source Xome

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 Streamline Real Estate, LLC


Overview

Land with Approved Storage Plans

This property, zoned B1, presents an opportunity for storage unit investors. Engineering plans for the construction of 88 storage units on the property have been approved by the state of Indiana. In addition to the land, there is a large home on the premises that requires significant repairs. The home has the potential to be configured as a 4+ bedroom residence. A newer garage has been added to the home. Once renovated, the house could serve as a rental property or a location for a small business. The property is being sold as is. The location is situated one mile south of the Salem Square, between the square and the bypass. The property has the potential to generate $7500+ per month in income.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Self storage facilities

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Salem
County
Washington
State
Indiana
Longitude
-86.099588
Latitude
38.593911

FAQs

What type of property is this?
Self storage facility - Land with approved plans for 88 storage units.
Where is this self storage facility located?
The property is located at 1101 S Main 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: Approved engineering plans for 88 storage units.; Zoned B1 for business use.; Potential to gross $7500+ per month in income.
More about this property
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