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    18 Public Sq Salem, IN 47167

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    For Sale
    $339,000

    Well-maintained commercial building with storefronts, office space, and parking.

    Lot size:
    0.08 Acres

    Property Features for 18 Public Sq

    General Information

    Lot size
    0.08 Acres

    Source: HOOSIER REALTY Agent Melanie Wells

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Downtown Salem Commercial Building For Sale

    Located in Downtown Salem at 18 Public Square, this commercial building features two separate storefronts, an upstairs space suitable for office, studio, or residential use, and private parking. The property includes three restrooms, two kitchenettes, and three HVAC systems. Basement storage is available. The storefronts offer large display windows and benefit from strong foot traffic with immediate access to the Square. The property is suitable for multiple businesses, investors, or owner-occupants seeking income potential. The listing broker is the property owner.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hoosier Realty Real Estate Agency Buds & Bees Salon Hair Salon Real Estate in SALEM Real Estate Agency

    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
    -86.100435
    Latitude
    38.606422

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    FAQs

    What type of property is this?
    Office building - Well-maintained commercial building with storefronts, office space, and parking.
    Where is this office building located?
    The property is located at 18 Public Sq Salem, IN.
    What is the asking price?
    The asking price for this property is $339,000.
    What are key features of this property?
    This property features: - Prime Downtown Salem location on Public Square.; - Rare private parking in the downtown area.; - Two separate storefronts with excellent visibility and high foot traffic.
    (812) 620-3018
    Request Owner's contact information
    18 Public Sq Salem, IN 47167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    18 Public Sq Salem, IN 47167
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