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Mixed-Use Retail and Living Building
For Sale
Contact for pricing
Pending

46 Public Square, Salem, IN 47167

A 4,000 sq. ft. mixed-use building with retail space and separate second-level living access, plus updated systems.

Property Size4,000 SF
Days on Market144

Property Features for 46 Public Square

General Information

Standard status Pending
Size 4,000 SF
Property subtype Retail
Listing Agency: Hoosier Realty
Listed By: Fred Bishop · License #IN RB14048563
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 28 at 2:11PM

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 Hoosier Realty

Investment Insights

Based on property information with market context.

This mixed-use property offers retail space along with living areas on the second level. The building includes a separate entrance to the 2nd level living spaces, and it has undergone notable improvements including updated electrical, new HVAC, and a newer roof. With its current condition and configuration, the building is ready for a buyer’s design to tailor the space to their intended use.

Located in the historic district on Salem Square, the property provides on-square parking, supporting both customer access and day-to-day convenience for residents or occupants. At present, the building’s setup centers on separating retail operations from the upstairs living entry.

The opportunity is centered on a 4,000 sq. ft. structure that combines street-facing retail presence with functional, independent living access on the upper level.

Key Highlights

  • 4,000 sq. ft. mixed‑use building with retail space and 2nd‑level living areas
  • Separate entrance providing access to the 2nd level living spaces
  • Ample parking available on Salem Square

Property Analytics

Current Use

Live-work space

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.

Location Intelligence

Trade Area within ½ mile

531
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

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
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Frequently Asked Questions

What type of property is this?
Live-work space - A 4,000 sq. ft. mixed-use building with retail space and separate second-level living access, plus updated systems.
Where is this live-work space located?
The property is located at 46 Public Square Salem, IN.
What are key features of this property?
This property features: 4,000 sq. ft. mixed‑use building with retail space and 2nd‑level living areas; Separate entrance providing access to the 2nd level living spaces; Ample parking available on Salem Square
(812) 883-8200 Call to check price and availability
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