Mixed-Use Building with Commercial
For Sale
$319,900
52 Public Square, Salem, IN 47167
Five-unit property combines apartment residences, commercial areas, and city utilities in a historic downtown setting.
Property Size11,556 SF
Price / SF$27.68
Days on Market833
Property Features for 52 Public Square
General Information
Standard status
Active
Size
11,556 SF
Property subtype
Fourplex
Units
Unit Mix
1 x 2BR, 2 x 1BR
Multifamily Units
3
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,079
Amenities
A/C - Other
Partially Finished, Unfinished Basement
3
Other
Brick Wall
Brick
0.11999999731779099
Sidewalks.
Building Details
Year Built
1940
Stories
2
Listing Agency:
The Day Company REALTORS
(812) 883-5112
Listed By:
Lori Gilstrap · License #RB14047190
(812) 883-5112
Source:
Xome
Added: May 20, 2024
Changed: Aug 30
Last Checked: Aug 30 at 1:02PM
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 The Day Company REALTORS
Investment Insights
Based on property information with market context.
This mixed-use property contains five units within an 11,556-square-foot building constructed in 1940. The configuration includes two commercial spaces, one two-bedroom apartment, and two one-bedroom apartments. The main level is being held vacant for a future business, while the remaining units are rented. Interior features include air conditioning, a partially finished basement, and unfinished basement space. The brick exterior is complemented by sidewalks along the property.
Located at 52 Public Square in historic downtown Salem, the property includes city utilities and combines residential and commercial occupancy in one building. Its existing unit mix supports a range of ownership and operating configurations, including a commercial presence alongside multiple apartment units.
Located at 52 Public Square in historic downtown Salem, the property includes city utilities and combines residential and commercial occupancy in one building. Its existing unit mix supports a range of ownership and operating configurations, including a commercial presence alongside multiple apartment units.
Key Highlights
- 11,556‑square‑foot mixed‑use building constructed in 1940
- Five‑unit configuration with two commercial spaces and three apartments
- Apartment mix includes one two‑bedroom unit and two one‑bedroom units
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
21
Businesses Nearby
Explore this area
Business Placement
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 Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Five-unit property combines apartment residences, commercial areas, and city utilities in a historic downtown setting.
Where is this mixed-use property located?
The property is located at 52 Public Square Salem, IN.
What is the asking price?
The asking price for this property is $319,900.
What are key features of this property?
This property features: 11,556‑square‑foot mixed‑use building constructed in 1940; Five‑unit configuration with two commercial spaces and three apartments; Apartment mix includes one two‑bedroom unit and two one‑bedroom units
