1101 S Main Street, Salem, IN 47167

Building Details

Year Built

1920

Listing agent Nathan Soliday Show Phone

Listing office Streamline Real Estate, LLC Show Phone

Listing date Jan 23, 2025

Source Xome

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Overview

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.

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

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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.