Two-Storefront Commercial
For Sale
$299,000
18 Public Square, Salem, IN 47167
Commercial, Salem, IN
Property Size7,548 SF
Lot Size0.08 Acres
Price / SF$39.61
Days on Market57
Property Features for 18 Public Square
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
private rear parking
three HVAC systems
three restrooms
two kitchenettes
large display windows
basement storage
Building Details
Year built
1940
Listing Agency:
HOOSIER REALTY
(812) 883-8200
Listed By:
Melanie Wells
(812) 967-2329
Added: Aug 10
Changed: Oct 4
Last Checked: Oct 5 at 12:06PM
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 configured for independent operation. Each space has its own entrance, display windows, and separate utilities, while water service is shared. One storefront connects to the basement, adding storage and usable support space. The building also includes three HVAC systems, three restrooms, two kitchenettes, and private parking at the rear.
The property occupies 0.08 acres at 18 Public Square in Salem, Indiana, within the city's historic Public Square. Built in 1940 and zoned CB (Central Business), it offers existing tenancy and a sizable unfinished upper floor that was previously under renovation. The upper level provides additional space for future buildout, subject to applicable zoning and approvals.
The property occupies 0.08 acres at 18 Public Square in Salem, Indiana, within the city's historic Public Square. Built in 1940 and zoned CB (Central Business), it offers existing tenancy and a sizable unfinished upper floor that was previously under renovation. The upper level provides additional space for future buildout, subject to applicable zoning and approvals.
Key Highlights
- 7,548 SF commercial building on a 0.08‑acre lot
- Two street‑level storefronts with separate entrances and display windows
- Separate utilities for each storefront, with shared water service
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Under-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
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Peach's Petals — 307 Jackson St, Salem, IN 47167
Frequently Asked Questions
What type of property is this?
Storefront property - CB-zoned commercial property with separate entrances, display windows, utilities, and private rear parking.
Where is this storefront property located?
The property is located at 18 Public Square 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: 7,548 SF commercial building on a 0.08‑acre lot; Two street‑level storefronts with separate entrances and display windows; Separate utilities for each storefront, with shared water service
