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Mixed-Use Office Building with Apartment
For Sale
$239,000

62 Public Sq., Salem, IN 47167

Commercial Sale, Salem, IN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market124

Property Features for 62 Public Sq.

General Information

Property type Commercial Sale
Property subtype Other
Bathrooms 3
Full bathrooms 2
Half bathrooms 1
Rooms Bathroom 3, Bathroom 1, Bathroom 2
Standard status Active
APN 88-24-17-334-011.000-022
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 2693

Utilities

Heating system Forced Air, Electric (Heating), Baseboard
Water source Public

Building Details

Year built 1870
Floors in Building 2
Flooring type Carpet
Building materials Brick
Roof type Asphalt, Metal
Listing Agency: Brixton Realty
Listed By: Brian Helsel
Added: May 26 Changed: Sep 17 Last Checked: Sep 26 at 2:06PM
MLS# 11790855

Copyright © 2026 My State MLS. 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 mixed-use property combines office space with a remodeled apartment on the upper floor. The apartment has its own street entrance, creating physical separation between the two uses. The building dates to 1870 and features brick construction, carpeted flooring, and a blend of baseboard, electric, and forced-air heating. Metal and asphalt roofing are present, with public water serving the property.

Positioned at 62 Public Sq. in Salem, the property includes an additional 0.16-acre parcel designated for parking. The upper residence includes updated finishes, while the office component offers a commercial setting within the building’s established downtown-square context. Three bathrooms are identified across the property.

Key Highlights

  • Office space combined with an upper‑floor apartment
  • Upper apartment has separate street access
  • Additional 0.16‑acre parcel provides parking area

Property Analytics

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Current Use

Daniel L. Brown ... Law Firm Daniel L. Brown ... Law Firm

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Electrical Service Bakery Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

516
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019
15.6% 2020
17.1% 2021
18.9% 2022
21% 2023
22% 2024
21.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Updated office property with an upper-level apartment, separate street access, and an additional parcel for parking.
Where is this mixed-use property located?
The property is located at 62 Public Sq. Salem, IN.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: Office space combined with an upper‑floor apartment; Upper apartment has separate street access; Additional 0.16‑acre parcel provides parking area
More about this property
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