48 Public Sq Salem, IN 47167

Property Details for 48 Public Sq

Year built

1882

Construction

WOOD

Lot size

0.08 lot acres

Property size

13,440 SF

Property type

Commercial real estate

APN

88-24-17-334-030.000-022

APU

882417334030000022

Description

This exceptional three-story commercial building, located at 48 Public Square in Salem, Indiana, presents a unique investment opportunity. Situated on the historic public square, this property boasts unparalleled visibility and accessibility, with separate entrances onto Highway 60/Main Street. The building offers approximately 3,360 square feet per floor, totaling roughly 10,080 square feet of usable space. Each floor includes a bathroom, adding to its versatility. A portion of the second floor has been thoughtfully converted into a charming apartment, offering stunning views of the Washington County Courthouse. This building has a rich history as a highly regarded retail establishment, having hosted numerous successful businesses over the years. Its prime location has consistently attracted a large customer base. The property sits on a 0.08-acre lot and is priced below its appraised value at $352,000. The expansive space and multiple floors offer endless possibilities for a variety of commercial uses, from retail and office space to mixed-use development. This is a rare chance to acquire a piece of Salem's history and capitalize on its vibrant downtown location. The building's prominent position ensures high foot traffic and excellent brand visibility. Don't miss this chance to own a landmark property in the heart of Salem, Indiana.

Location Insight

City

Salem

County

Washington

State

Indiana

Longitude

-86.1009

Latitude

38.6051

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments