Flex Property with Multiple
New
For Sale
$250,000
206 W Walnut Street, Salem, IN 47167
Commercial, Salem, IN
Property Size3,885 SF
Lot Size0.86 Acres
Price / SF$64.35
Days on Market2
Property Features for 206 W Walnut Street
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
35
Directions
Turn on to W. Walnut Street off of Water street, property is on the left.
Subdivision
Downtown
Standard status
Active
APN
882417331114000022
Size
3,885 SF
Lot size
0.86 Acres
Additional Details
Property Use
Commercial
Taxes and HOA fees
Tax Year
4051
Tax Description
13-17-331-114.000-22 O.P. PT LOT 136 O.P. PT LOT 1 13-17-331-125.000-22 O.P. LOT 140
Tax Annual Amount
1388
Legal Description
13-17-331-114.000-22 O.P. PT LOT 136 O.P. PT LOT 1 13-17-331-125.000-22 O.P. LOT 140
Building Details
Year built
1965
Buildings
4
Listing Agency:
Mainstreet REALTORS
Listed By:
Mary McCoskey Finkle · License #AD51424708
(812) 883-9555
Added: Oct 30
Last Checked: Oct 31 at 7:06PM
MLS# 2026012657
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.
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Investment Insights
Based on property information with market context.
This flex property includes a 3,885-square-foot main building with open floor area, two private offices, a restroom, a receiving dock, and two entry doors. Three additional buildings expand the site’s covered and enclosed space. One is an open-sided 24' x 60' structure with 14' clearance; another measures 26' x 50' and contains a large room with a garage door. The storage building has three sliding doors and four open bays.
The property encompasses 0.86 acre across two parcels and borders two main roads. Approximately 35 parking spaces are available, with additional parking possible on the adjoining lot.
Updates include two AC units, two furnaces, a water heater, flooring, and partial roof replacement in 2017. The building was painted in 2023, and ductwork was added in 2025.
The property encompasses 0.86 acre across two parcels and borders two main roads. Approximately 35 parking spaces are available, with additional parking possible on the adjoining lot.
Updates include two AC units, two furnaces, a water heater, flooring, and partial roof replacement in 2017. The building was painted in 2023, and ductwork was added in 2025.
Key Highlights
- 3,885‑square‑foot main building with open space, two private offices, restroom, receiving dock, and two entry doors
- Three additional buildings, including a 24' x 60' open‑sided structure with 14' clearance
- 26' x 50' outbuilding with a large room and garage door
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
552
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 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 - A dock-equipped main building is supported by three separate structures for storage or work functions.
Where is this flex space located?
The property is located at 206 W Walnut Street 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: 3,885‑square‑foot main building with open space, two private offices, restroom, receiving dock, and two entry doors; Three additional buildings, including a 24' x 60' open‑sided structure with 14' clearance; 26' x 50' outbuilding with a large room and garage door
