Two-Storefront Commercial
For Sale
$299,000
18 Public Square, Salem, IN 47167
Two independent retail spaces with separate entrances, display windows, utilities, and private rear parking.
Property Size7,548 SF
Price / SF$39.61
Days on Market10
Property Features for 18 Public Square
General Information
Standard status
Active
Size
7,548 SF
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:
HOOSIER REALTY
(812) 620-3018
Listed By:
Melanie Wells
Source:
Adventurealty
Added: Aug 21
Changed: Aug 29
Last Checked: Aug 29 at 6:26PM
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 7,548-square-foot storefront property at 18 Public Square includes two separate street-level commercial spaces, each with its own entrance, display windows, and utilities. Water service is shared, while one storefront connects to the basement for additional storage and usable area. The building contains three HVAC systems, three restrooms, two kitchenettes, and private rear parking. An unfinished upper level, previously under renovation, adds substantial space for future buildout, subject to applicable zoning and approvals.
The property is zoned CB (Central Business) and is located directly on Salem’s historic Public Square. Its configuration supports separate operation of two commercial businesses, with existing tenancy noted in the property information. Built in 1940, the building combines established downtown placement with multiple interior areas and independently accessible storefronts.
The property is zoned CB (Central Business) and is located directly on Salem’s historic Public Square. Its configuration supports separate operation of two commercial businesses, with existing tenancy noted in the property information. Built in 1940, the building combines established downtown placement with multiple interior areas and independently accessible storefronts.
Key Highlights
- 7,548 SF commercial storefront property at 18 Public Square, Salem, IN 47167
- Two separate street‑level storefronts with individual entrances and display windows
- Separate utilities for each storefront, except 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
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
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 - Two independent retail spaces 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 storefront property at 18 Public Square, Salem, IN 47167; Two separate street‑level storefronts with individual entrances and display windows; Separate utilities for each storefront, except shared water service
