Salem, IN Restaurants for Sale

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Pekin, IN Vallonia, IN Borden, IN

Updated: May 20

Spacious Commercial Building with Parking

300 W Mulberry Street, Salem, IN 47167

$199,900

10,246 sqft · 0.61 AC lot

Massive commercial building with ample parking space.
Versatile building previously used as a church, grocery store, and theater.
Potential for conversion into two apartments (work already started).
Concrete slab foundation.
Features two full restrooms with two stalls each.

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Updated: Oct 9, 2023

Established Restaurant and Retail Business

800 N Main Street, Salem, IN 47167

$550,000

Established, award‑winning Cheddar Depot business with strong daily traffic on Main St.
Sale includes real estate, all recipes, machines, and inventory for a seamless transition.
Diverse menu featuring hand‑dipped ice cream, cheese, fudge, candies, deli sandwiches, and catering services.
Known for shipping cheeses throughout the US.
High‑traffic location near schools, hospital, nursing homes, and factories.

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Commercial Building with Parking

300 W Mulberry Street, Salem, IN 47167

$199,000

10,246 sqft

Versatile commercial building with parking, suitable for various businesses.

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Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center

Regional Event Facility For Sale

1500 E Rc Morris Drive, Salem, IN 47167

$1,200,000

First-class event facility with excellent commercial kitchen and ample parking.

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Based on your search, we've compiled 40 Potential Opportunities for your consideration. Besides 4 Active listings in Salem, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 28 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Unique Palmyra Property with Updates

14285 Greene Street NE, Palmyra, IN 47164

$175,000

2,000 sqft

Updated 2000 sq ft property suitable for office or restaurant.

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Turnkey Restaurant Opportunity For Sale

850 & 885 Main Street NE, Palmyra, IN 47164

$325,000

Fully equipped restaurant with seating and additional parking.

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Commercial Corner Location For Sale

273 S First Street, Pekin, IN 47165

$49,900

Commercial corner lot suitable for retail or restaurant development.

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Commercial Corner Lot on Highway

201 W Shorts Corner Road, Pekin, IN 47165

$74,900

Commercial corner lot with high visibility and road frontage.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Commercial Lot in Growing Area

7121 Highway 311 lot: 3, Sellersburg, IN 47172

$495,000

1.35 AC lot

Vacant commercial lot in Sellersburg, great location for development.

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Commercial Lot in Growing Area

7213 Highway 311 lot: 4, Sellersburg, IN 47172

$395,000

1.36 AC lot

Vacant commercial lot in fast growing Sellersburg area.

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Prime Commercial Land For Sale

Plot E Of 11452 Highway 62, Charlestown, IN 47111

$940,800

2.00 AC lot

Corner lot suitable for retail, restaurants, offices, and more.

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Crawford County Land For Sale

State Road 66, Leavenworth, IN 47137

$525,000

18.00 AC lot

18 acres of commercial land near I-64 interchange.

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Off-Market Properties in Salem, IN

Consider similar Off-Market properties in Salem, IN. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

RESTAURANT

209 Main St, Salem, IN 47167-1319

Value Estimation by Request

8,000 sqft · 0.25 AC lot

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RESTAURANT

20 Public Sq, Salem, IN 47167-2052

Value Estimation by Request

4,864 sqft · 0.07 AC lot

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RESTAURANT

504 Main St, Salem, IN 47167-1128

Value Estimation by Request

1,944 sqft · 0.39 AC lot

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RESTAURANT

906 Hackberry St, Salem, IN 47167-9600

Value Estimation by Request

1,480 sqft · 0.53 AC lot

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RESTAURANT

1317 Jackson St, Salem, IN 47167-9795

Value Estimation by Request

1.24 AC lot

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RESTAURANT

5 Public Sq, Salem, IN 47167-2050

Value Estimation by Request

1,400 sqft · 0.07 AC lot

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RESTAURANT

1345 Jackson St, Salem, IN 47167-9730

Value Estimation by Request

6,400 sqft · 2.43 AC lot

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RESTAURANT

2310 Quarry Rd, Salem, IN 47167-8907

Value Estimation by Request

5,179 sqft · 1.00 AC lot

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RESTAURANT

1315 Hackberry St, Salem, IN 47167-9604

Value Estimation by Request

1.25 AC lot

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RESTAURANT

1009 Hackberry St, Salem, IN 47167-9601

Value Estimation by Request

5,000 sqft · 1.61 AC lot

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RESTAURANT

604 Main St, Salem, IN 47167-1040

Value Estimation by Request

832 sqft · 0.87 AC lot

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RESTAURANT

1007 Hackberry St, Salem, IN 47167-9601

Value Estimation by Request

4,560 sqft · 1.61 AC lot

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RESTAURANT

502 Main St, Salem, IN 47167-1128

Value Estimation by Request

0.47 AC lot

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RESTAURANT

102 Market St, Salem, IN 47167

Value Estimation by Request

8,757 sqft · 0.13 AC lot

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RESTAURANT

402 Main St, Salem, IN 47167-1324

Value Estimation by Request

3,756 sqft · 0.77 AC lot

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RESTAURANT

403 Main St, Salem, IN 47167-1350

Value Estimation by Request

4,800 sqft · 0.70 AC lot

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RESTAURANT

34 Public Sq, Salem, IN 47167-2054

Value Estimation by Request

12,705 sqft · 0.09 AC lot

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RESTAURANT

1115 Mulberry St, Salem, IN 47167

Value Estimation by Request

2,700 sqft · 0.69 AC lot

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RESTAURANT

1302 Mulberry St, Salem, IN 47167-9433

Value Estimation by Request

2,628 sqft · 1.16 AC lot

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RESTAURANT

603 Main St, Salem, IN 47167-1039

Value Estimation by Request

1.11 AC lot

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Salem, IN Restaurants Market Trends and Statistics

Explore 32 restaurants for sale in Salem, IN, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 20,492 square feet of properties for sale, with an estimated market value of $398,900.

Sale prices for restaurant properties in Salem, IN start at $199,000, averaging $199,450, and reaching up to $199,900 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 16K

Population Growth (5Y) +6.2%

Median Household Income $57,697

College Educated 18.6%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
47167	$537.2K

Taxes & Financing

Tax Rate (average for all types) 2.65%

Property Tax per SF $46.11 per SF

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Washington County

New Delisted

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Salem, IN Restaurants for Sale

300 W Mulberry Street, Salem, IN 47167

800 N Main Street, Salem, IN 47167

300 W Mulberry Street, Salem, IN 47167

1500 E Rc Morris Drive, Salem, IN 47167

Opportunities in Nearby Cities

14285 Greene Street NE, Palmyra, IN 47164

850 & 885 Main Street NE, Palmyra, IN 47164

273 S First Street, Pekin, IN 47165

201 W Shorts Corner Road, Pekin, IN 47165

Potential Development Sites for Consideration

7121 Highway 311 lot: 3, Sellersburg, IN 47172

7213 Highway 311 lot: 4, Sellersburg, IN 47172

Plot E Of 11452 Highway 62, Charlestown, IN 47111

State Road 66, Leavenworth, IN 47137

Off-Market Properties in Salem, IN

209 Main St, Salem, IN 47167-1319

20 Public Sq, Salem, IN 47167-2052

504 Main St, Salem, IN 47167-1128

906 Hackberry St, Salem, IN 47167-9600

1317 Jackson St, Salem, IN 47167-9795

5 Public Sq, Salem, IN 47167-2050

1345 Jackson St, Salem, IN 47167-9730

2310 Quarry Rd, Salem, IN 47167-8907

1315 Hackberry St, Salem, IN 47167-9604

1009 Hackberry St, Salem, IN 47167-9601

604 Main St, Salem, IN 47167-1040

1007 Hackberry St, Salem, IN 47167-9601

502 Main St, Salem, IN 47167-1128

102 Market St, Salem, IN 47167

402 Main St, Salem, IN 47167-1324

403 Main St, Salem, IN 47167-1350

34 Public Sq, Salem, IN 47167-2054

1115 Mulberry St, Salem, IN 47167

1302 Mulberry St, Salem, IN 47167-9433

603 Main St, Salem, IN 47167-1039

Salem, IN Restaurants Market Trends and Statistics

Top Commercial Asset Segments

Demographics Overview

High-Yield Neighborhoods for Investment

Taxes & Financing

Listings Trend

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