Commercial Land Parcel with Planned
For Sale
$120,000
701 South Main Street, Salem, IN 47167
For-sale commercial land on South Main Street, with owners planning a survey to divide and sell 1 acre +/-.
Property Size102,366 SF
Lot Size1.00 Acre
Price / SF$1.17
Days on Market226
Property Features for 701 South Main Street
General Information
Standard status
Active
Size
102,366 SF
Lot size
1.00 Acre
Property subtype
Land
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$11,000
Listing Agency:
Mainstreet REALTORS
(812) 620-0212
Listed By:
Mary McCoskey Finkle · License #RB14026176
(812) 620-0212
Source:
Compass
Added: Dec 26, 2025
Changed: Aug 8
Last Checked: Aug 8 at 11:21AM
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 Mainstreet REALTORS
Investment Insights
Based on property information with market context.
This for-sale commercial land parcel at 701 South Main Street is offered by the owner with a planned survey to divide the property. The owners are selling 1 acre +/- and note that taxes will be determined once the division is completed.
The site fronts South Main Street and is positioned along the main commercial strip in Salem. The seller is scheduling showings for interested parties and can provide details on the planned division once the survey process is underway.
If you’re looking for a commercial property with flexibility for a future lot configuration, this parcel is being marketed specifically with the intention of splitting, with the acreage to be sold identified as 1 acre +/-.
The site fronts South Main Street and is positioned along the main commercial strip in Salem. The seller is scheduling showings for interested parties and can provide details on the planned division once the survey process is underway.
If you’re looking for a commercial property with flexibility for a future lot configuration, this parcel is being marketed specifically with the intention of splitting, with the acreage to be sold identified as 1 acre +/-.
Key Highlights
- For‑sale commercial land on South Main Street in Salem
- Located on the main strip
- Platted and with paved road surface
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
496
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - For-sale commercial land on South Main Street, with owners planning a survey to divide and sell 1 acre +/-.
Where is this commercial land located?
The property is located at 701 South Main Street Salem, IN.
What is the asking price?
The asking price for this property is $120,000.
What are key features of this property?
This property features: For‑sale commercial land on South Main Street in Salem; Located on the main strip; Platted and with paved road surface
