Two-Storefront Commercial
New
For Sale
$299,000
18 Public, Salem, IN 47167
COMMERCIAL - Salem, IN
Property Size7,548 SF
Lot Size0.08 Acres
Price / SF$39.61
Days on Market2
Property Features for 18 Public
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
From the Salem Square, property is located on Public Square in downtown Salem. Building is situated on the Square with private parking access located behind the building.
Standard status
Active
APN
0220018817
Size
7,548 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
4051
Tax Description
13-17-331-141.000-22 O.P. PT LOT 9 PT LOT 9 PT LOT 10
Tax Annual Amount
3555
Legal Description
13-17-331-141.000-22 O.P. PT LOT 9 PT LOT 9 PT LOT 10
Amenities
three HVAC systems
three restrooms
two kitchenettes
private rear parking
basement
Building Details
Year built
1940
Listing Agency:
HOOSIER REALTY
(812) 883-8200
Listed By:
Melanie Wells
(812) 967-2329
Added: Aug 10
Last Checked: Aug 11 at 5:06PM
MLS# 2026010832
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.
Investment Insights
Based on property information with market context.
This 7,548-square-foot commercial building contains two street-level storefronts arranged for independent operation. Each has its own entrance, display windows, and separate utilities, while water service is shared. One unit connects to the basement, which adds storage and usable area. The property also includes three HVAC systems, three restrooms, two kitchenettes, and private parking behind the building.
The building occupies 0.08 acres at 18 Public in Salem, directly on the historic Public Square. Zoned CB (Central Business), it includes an unfinished upper floor that was previously under renovation. Subject to applicable zoning and approvals, that space may accommodate residential, office, studio, or other permitted uses. Built in 1940, the property includes existing tenancy and can support an owner-user arrangement with separate commercial space.
The building occupies 0.08 acres at 18 Public in Salem, directly on the historic Public Square. Zoned CB (Central Business), it includes an unfinished upper floor that was previously under renovation. Subject to applicable zoning and approvals, that space may accommodate residential, office, studio, or other permitted uses. Built in 1940, the property includes existing tenancy and can support an owner-user arrangement with separate commercial space.
Key Highlights
- Two independently accessible storefronts with display windows and separate utilities
- 7,548 square feet on a 0.08‑acre parcel at 18 Public, Salem, IN 47167
- CB (Central Business) zoning on Salem’s historic Public Square
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Well-served
Demand for This Use
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 Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Central Business zoning, private rear parking, and separate operating areas support flexible downtown commercial use.
Where is this storefront property located?
The property is located at 18 Public Salem, IN.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Two independently accessible storefronts with display windows and separate utilities; 7,548 square feet on a 0.08‑acre parcel at 18 Public, Salem, IN 47167; CB (Central Business) zoning on Salem’s historic Public Square
