Multi-Building Flex
206 W Walnut St, Salem, IN 47167
For Sale
New
$250,000
Three secondary structures add options for storage, workspace, or business operations.
Property Size3,885 SF
Lot Size0.86 Acres
Price / SF$64.35
Days on Market6
Property Features for 206 W Walnut St
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Semonin Realtors
(812) 944-9800
Listed By:
Ward Realty Services
(812) 200-2838
Source:
Wardrealtyservices
Added: Nov 1
Changed: Nov 6
Last Checked: Nov 6 at 8:55AM
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 Semonin Realtors
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Investment Insights
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At 206 W Walnut St in Salem, this flex property spans two parcels totaling approximately 0.86 acre along two main roads. The 3,885-square-foot primary building has open space, two private offices, a bathroom, a receiving dock, and two entry doors. Three additional buildings provide more covered and enclosed space, including an open-sided structure and a storage building with multiple bays.
The open-sided building measures 24' x 60' with 14' clearance. Another structure is 26' x 50' and includes a large room with a garage door; the storage building has three sliding doors and four open bays. Approximately 35 parking spaces are available, and the adjoining lot may accommodate more. Improvements in 2017 included two AC units, two furnaces, a water heater, flooring, and partial roof replacement. The building was painted in 2023, and ductwork was added in 2025.
The open-sided building measures 24' x 60' with 14' clearance. Another structure is 26' x 50' and includes a large room with a garage door; the storage building has three sliding doors and four open bays. Approximately 35 parking spaces are available, and the adjoining lot may accommodate more. Improvements in 2017 included two AC units, two furnaces, a water heater, flooring, and partial roof replacement. The building was painted in 2023, and ductwork was added in 2025.
Key Highlights
- Two parcels totaling approximately 0.86 acre, bordering two main roads
- 3,885‑square‑foot main building with two offices, a receiving dock, and two entry doors
- Three additional buildings, including an open‑sided 24' x 60' structure with 14' clearance
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Current Use
Location Intelligence
Trade Area within ½ mile
552
Businesses Nearby
Under-served
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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 Industrial in Midwest region
Similar Off Market Nearby
- Pig Miracle — 501 E Market St, Salem, IN 47167
Frequently Asked Questions
What type of property is this?
Flex space - Three secondary structures add options for storage, workspace, or business operations.
Where is this flex space located?
The property is located at 206 W Walnut St Salem, IN.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Two parcels totaling approximately 0.86 acre, bordering two main roads; 3,885‑square‑foot main building with two offices, a receiving dock, and two entry doors; Three additional buildings, including an open‑sided 24' x 60' structure with 14' clearance
