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Mixed-Use Building with Apartments

106 S Main Street, Salem, IN 47167

For Sale
$250,000

Commercial, Salem, IN

Property Size4,388 SF
Lot Size0.05 Acres
Price / SF$56.97
Days on Market156

Property Features for 106 S Main Street

General Information

Property type Commercial Sale
Property subtype Other
Directions Just off of the Salem Square on the South Side
Subdivision Downtown
Standard status Active
APN 0220212317
Size 4,388 SF
Lot size 0.05 Acres

Additional Details

Property Use Office
Condition Newly Renovated

Taxes and HOA fees

Tax Year 4051
Tax Description 13-17-334-035.000-22 PT LOT 15 OP
Tax Annual Amount 1611
Legal Description 13-17-334-035.000-22 PT LOT 15 OP

Building Details

Year built 1910
Buildings 1
Listing Agency: Mainstreet REALTORS
Listed By: Mary McCoskey Finkle · License IN AD51424708
Added: Jun 8 Changed: Nov 8 Last Checked: Nov 10 at 5:06PM
MLS# 202608997

Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 4,388-square-foot mixed-use building, constructed in 1910, has three levels and a 0.05-acre lot. The main floor includes a front office with a full bathroom and a separate rear apartment with one bedroom and one bathroom. A second apartment on the upper floor has three bedrooms and two bathrooms. The basement provides an additional 27' x 15.8' of space.

The building is on S Main Street in Salem, just south of Historic Salem Square. Interior remodeling spans all three levels. A replacement roof, replacement windows, and three heating and air conditioning units were installed within the past five years.

Key Highlights

  • 4,388‑square‑foot building on a 0.05‑acre lot
  • Three‑level property originally built in 1910
  • Main‑floor office with full bathroom and separate one‑bedroom, one‑bath apartment

Property Analytics

Who owns this building? See the owner, sales and loan history
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Current Use

Mixed-use properties

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Electrical Service Big Box & Wholesale Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

516
Businesses Nearby

Demographics for 47167, IN

15,683
Population
6,547
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
213.0 sq mi
ZIP Area
74
Density / Sq Mi
$57,697
Median Household Income
$38,038
Median Earnings
$726
Median Rent
$161,500
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A remodeled three-level property combines commercial office space with two private apartments.
Where is this mixed-use property located?
The property is located at 106 S Main Street Salem, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 4,388‑square‑foot building on a 0.05‑acre lot; Three‑level property originally built in 1910; Main‑floor office with full bathroom and separate one‑bedroom, one‑bath apartment
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