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Office Building with Apartment
For Sale
$299,000

62 Public Sq., Salem, IN 47167

COMMERCIAL - Salem, IN

Property SizeContact for details
Lot Size0.16 Acres
Days on Market95

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 2, Bathroom 1
Standard status Active
Lot size 0.16 Acres

Taxes and HOA fees

Tax Annual Amount 2693

Utilities

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

Building Details

Year built 1870
Floors in Building 2
Flooring type Carpet
Building materials Brick
Roof type Metal, Asphalt
Listing Agency: Brixton Realty
Listed By: Brian Helsel
Added: May 26 Changed: Aug 5 Last Checked: Aug 28 at 11:06AM
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 updated historical building offers office space with a remodeled apartment on the upper floor. The interior combines modern updates with a vintage look, and the layout supports separate use of the main office level and the residential unit above.

The property is located on the busy square in Salem, Indiana, and includes an addition parcel intended to provide easier parking off the square. The building also has separate street access for the upper apartment.

The offering includes the full building plus the additional parcel for parking support.

Key Highlights

  • Brick historical building built in 1870
  • Updated office space with apartment above
  • Upper‑floor apartment includes recently remodeled and updated living space with separate street access

Property Analytics

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

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

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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office building - Updated office space includes a remodeled upper-floor apartment with separate street access.
Where is this office building located?
The property is located at 62 Public Sq. 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: Brick historical building built in 1870; Updated office space with apartment above; Upper‑floor apartment includes recently remodeled and updated living space with separate street access
More about this property
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