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48 Public Sq Salem, IN 47167

For Sale
$352,000

Prime Downtown Retail Space, Huge Potential

Description

Added:
Feb 3, 2025
Days on Market:
308
This exceptional three-story commercial building, located at 48 Public Square in Salem, Indiana, presents a unique investment opportunity. Situated on the historic public square, this property boasts unparalleled visibility and accessibility, with separate entrances onto Highway 60/Main Street. The building offers approximately 3,360 square feet per floor, totaling roughly 10,080 square feet of usable space. Each floor includes a bathroom, adding to its versatility. A portion of the second floor has been thoughtfully converted into a charming apartment, offering stunning views of the Washington County Courthouse. This building has a rich history as a highly regarded retail establishment, having hosted numerous successful businesses over the years. Its prime location has consistently attracted a large customer base. The property sits on a 0.08-acre lot and is priced below its appraised value at $352,000. The expansive space and multiple floors offer endless possibilities for a variety of commercial uses, from retail and office space to mixed-use development. This is a rare chance to acquire a piece of Salem's history and capitalize on its vibrant downtown location. The building's prominent position ensures high foot traffic and excellent brand visibility. Don't miss this chance to own a landmark property in the heart of Salem, Indiana.

Property Features for 48 Public Sq

General Information

Property type
Investment properties
Lot Size
3,485 SF

Building Details

Year Built
1935

Property Profile Insight Report Location Intelligence

Current Use by Public Records

Investment properties

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
Salem
County
Washington
State
Indiana
Longitude
-86.10097
Latitude
38.60507

FAQs

What type of property is this?
Investment property - Prime Downtown Retail Space, Huge Potential
Where is this investment property located?
The property is located at 48 Public Sq Salem, IN.
What is the asking price?
The asking price for this property is $352,000.
More about this property
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