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    Salem, IN Retail Properties & Spaces for Sale

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    Pekin, IN Borden, IN Scottsburg, IN
    10 listings
    Spacious Commercial Building with Parking
    $199,900
    10,246 SF
    Spacious Commercial Building with Parking

    300 W Mulberry Street, Salem, IN 47167

    Large commercial building suitable for various business ventures.
    • 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.
    Updated: May 20
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    Downtown Salem Commercial Building For Sale
    $299,000
    0.08 Acres
    Downtown Salem Commercial Building For Sale

    18 Public Sq, Salem, IN

    Well-maintained commercial building with storefronts, office space, and parking.
    • Prime Downtown Salem location on Public Square.
    • Rare private parking in the downtown area.
    • Two separate storefronts with excellent visibility and high foot traffic.
    • Upstairs space suitable for office, studio, or residential use.
    • Income potential for investors or owner‑occupants.
    Updated: Nov 20, 2025
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    Commercial Building with Parking Space
    $199,900
    0.61 Acres
    Commercial Building with Parking Space

    Versatile commercial building suitable for various business ventures.

    300 W Mulberry Street, Salem, IN 47167

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    Prime Commercial Space Available
    $120,000
    2,138 SF
    Prime Commercial Space Available

    Commercial space for sale or lease with high visibility.

    1408 W Mulberry Street, Salem, IN 47167

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    Versatile Commercial Property with Acreage
    $199,900
    4,000 SF
    Versatile Commercial Property with Acreage

    Large commercial property with multiple buildings and ample parking.

    206 W Walnut Street, Salem, IN 47167

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    Established Restaurant and Retail Business
    $550,000
    Established Restaurant and Retail Business

    Award-winning business opportunity with real estate and all assets.

    800 N Main Street, Salem, IN 47167

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    Versatile Office Space For Sale
    $249,900
    Versatile Office Space For Sale

    Multi-use office space, formerly a bank, with recent upgrades.

    1358 S Jackson Street, Salem, IN 47167

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    Commercial Building with Parking
    $199,000
    10,246 SF
    Commercial Building with Parking

    Versatile commercial building with parking, suitable for various businesses.

    300 W Mulberry Street, Salem, IN 47167

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    Historic Building on Public Square
    $352,000
    10,080 SF
    Historic Building on Public Square

    Three-story building on Salem's historic downtown courthouse square.

    48 Public Square, Salem, IN 47167

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    Land Parcels Available For Sale
    $650,000
    Land Parcels Available For Sale

    Three land parcels available for sale.

    Coral St, Salem, IN 47167

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    Based on your search, we've compiled 80 Potential Opportunities for your consideration. Besides 10 Active listings in Salem, IN, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 62 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.

    Historic Barber Shop on Main
    $49,900
    Historic Barber Shop on Main

    1926 barber shop with commercial potential on Main Street.

    107 Main Street, Borden, IN 47106

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    Commercial Building on Hwy 60
    $75,000
    Commercial Building on Hwy 60

    Commercial building with potential for various business uses.

    1568 W Water Street, Borden, IN 47106

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    Commercial Corner Lot on Highway
    $74,900
    Commercial Corner Lot on Highway

    Commercial corner lot with high visibility and road frontage.

    201 W Shorts Corner Road, Pekin, IN 47165

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    Gas Station and Convenience Store
    $200,000
    Gas Station and Convenience Store

    Gas station and convenience store for sale on State Highway.

    545 E State Road 60, Pekin, IN 47165

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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 Land on State Road
    $190,000
    3.18 Acres
    Commercial Land on State Road

    3.18 acre commercial site with high traffic frontage.

    W Mulberry Street, Salem, IN 47167

    View details
    Prime Commercial Land in Salem
    $750,000
    0.71 Acres
    Prime Commercial Land in Salem

    0.71 acre B-2 zoned land with high visibility.

    401 N Main Street, Salem, IN 47167

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    Vacant Land on Highway 60
    $150,000
    Vacant Land on Highway 60

    Vacant land with commercial potential on a main corridor.

    507 S Jackson Street, Salem, IN 47167

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    Prime Commercial Land Available
    $850,000
    14.51 Acres
    Prime Commercial Land Available

    14.51 acres with B-2 zoning in a prime location.

    1036 N Jim Day Road, Salem, IN 47167

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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.

    200 Jackson St
    CAR WASH
    2,548 SF Lot: 0.51 Acres
    Value Estimation by Request

    200 Jackson St, Salem, IN 47167-1034

    View details
    1110 Mulberry St
    GROCERY, SUPERMARKET
    13,790 SF Lot: 1.69 Acres

    1110 Mulberry St, Salem, IN 47167-1500

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    103 Walnut St
    RETAIL STORES (PERSONAL SERVICES)
    1,108 SF Lot: 0.03 Acres
    Value Estimation by Request

    103 Walnut St, Salem, IN 47167-2044

    View details
    209 Main St
    RESTAURANT
    8,000 SF Lot: 0.25 Acres
    Value Estimation by Request

    209 Main St, Salem, IN 47167-1319

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    Ss Poplar St
    AUTO REPAIR, GARAGE
    768 SF Lot: 0.06 Acres
    Value Estimation by Request

    Ss Poplar St, Salem, IN 47167

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    300 Water St
    FINANCIAL BUILDING
    9,320 SF Lot: 0.99 Acres
    Value Estimation by Request

    300 Water St, Salem, IN 47167-1708

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    909 Mulberry St
    RETAIL STORES (PERSONAL SERVICES)
    1,377 SF Lot: 0.19 Acres
    Value Estimation by Request

    909 Mulberry St, Salem, IN 47167-1525

    View details
    1305 Mulberry St
    RETAIL STORES (PERSONAL SERVICES)
    6,283 SF Lot: 0.42 Acres
    Value Estimation by Request

    1305 Mulberry St, Salem, IN 47167-9433

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    20 Public Sq
    RESTAURANT
    4,864 SF Lot: 0.07 Acres
    Value Estimation by Request

    20 Public Sq, Salem, IN 47167-2052

    View details
    307 Water St
    PARKING LOT
    Lot: 0.13 Acres
    Value Estimation by Request

    307 Water St, Salem, IN 47167

    View details
    1106 Mulberry St
    RETAIL STORES (PERSONAL SERVICES)
    7,435 SF Lot: 1.23 Acres
    Estimated value
    $555,000

    1106 Mulberry St, Salem, IN 47167-1530

    View details
    504 Main St
    RESTAURANT
    1,944 SF Lot: 0.39 Acres
    Value Estimation by Request

    504 Main St, Salem, IN 47167-1128

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    1201 Mulberry St
    RETAIL STORES (PERSONAL SERVICES)
    4,956 SF Lot: 0.68 Acres
    Value Estimation by Request

    1201 Mulberry St, Salem, IN 47167-9448

    View details
    1408 Mulberry St
    RETAIL STORES (PERSONAL SERVICES)
    1,280 SF Lot: 0.20 Acres

    1408 Mulberry St, Salem, IN 47167-9434

    View details

    Salem, IN Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 72 retail properties & spaces for sale in Salem, IN, showcased through 10 active listings on our real estate platform. These investment opportunities span a total of 44,258 square feet of properties for sale, with an estimated market value of $1,369,800.

    Sale prices for stores in Salem, IN start at $120,000, averaging $228,300, and reaching up to $352,000 — 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

    Storefront properties 3
    Grocery and convenience stores 2
    Banks 1

    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 $302K

    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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