Two-Storefront Commercial
For Sale
$299,000
18 Public, Salem, IN 47167
Versatile central-business property with independent entrances, display windows, private rear parking, and adaptable upper-level space.
Property Size7,548 SF
Price / SF$39.61
Days on Market19
Property Features for 18 Public
General Information
Standard status
Active
Size
7,548 SF
Property subtype
Commercial
Zoning
CB
Additional Details
Utilities to Site
Yes
Amenities
large display windows
private rear parking
three HVAC systems
three restrooms
two kitchenettes
basement storage
Building Details
Year Built
1940
Buildings
1
Tenancy
Multi
Listing Agency:
Schuler Bauer Real Estate Services Era Powered
(812) 200-2838
Listed By:
Ward Realty Services
(812) 200-2838
Source:
Wardrealtyservices
Added: Aug 12
Changed: Aug 30
Last Checked: Aug 30 at 12:35AM
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 Schuler Bauer Real Estate Services Era Powered
Investment Insights
Based on property information with market context.
This approximately 7,548-square-foot storefront property at 18 Public in Salem includes two separate street-level commercial spaces. Each unit has its own entrance, display windows, and utility service, with shared water service. One storefront connects to the basement, adding storage and usable area. The building also includes three HVAC systems, three restrooms, two kitchenettes, and private rear parking.
An unfinished upper level, previously under renovation, adds substantial interior area for future planning subject to applicable zoning and approvals. Potential uses identified for the space include residential, office, studio, or other permitted applications. The property is zoned CB (Central Business), was built in 1940, and sits directly on Salem’s historic Public Square. Existing tenancy is also noted, providing a combination of independently functioning storefronts and additional unfinished space.
An unfinished upper level, previously under renovation, adds substantial interior area for future planning subject to applicable zoning and approvals. Potential uses identified for the space include residential, office, studio, or other permitted applications. The property is zoned CB (Central Business), was built in 1940, and sits directly on Salem’s historic Public Square. Existing tenancy is also noted, providing a combination of independently functioning storefronts and additional unfinished space.
Key Highlights
- Approximately 7,548 SF commercial property on Salem’s historic Public Square
- Two separate street‑level storefronts with individual entrances and display windows
- Separate utilities for each storefront, excluding shared water service
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Storefront property - Versatile central-business property with independent entrances, display windows, private rear parking, and adaptable upper-level space.
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: Approximately 7,548 SF commercial property on Salem’s historic Public Square; Two separate street‑level storefronts with individual entrances and display windows; Separate utilities for each storefront, excluding shared water service
