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106 S Main St 2,584 SF Retail Building Salem, IN 47167 $250,000 ($96.75/SF)
Investment Highlights
- Mixed-use property with commercial space and two income-producing residential units.
- Fully improved property that includes basement office space for additional rental income.
- Prime location adjacent to Historic Salem Square and central business district.
- Positioned in an Opportunity Zone, offering potential tax advantages for qualifying investors.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,584 SF
Building Class
C
Year Built
1910
Price
$250,000
Price Per SF
$96.75
Tenancy
Single
Building Height
2 Stories
Building FAR
0.89
Lot Size
0.07 AC
Opportunity Zone
Yes
Zoning
C - Commercial
Frontage
28’ on Main St
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 88-24-17-334-035.000-022 | Improvements Assessment | $31,900 |
| Land Assessment | $21,800 | Total Assessment | $53,700 |
Property Taxes
Parcel Number
88-24-17-334-035.000-022
Land Assessment
$21,800
Improvements Assessment
$31,900
Total Assessment
$53,700
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Contact the Sale Advisor
106 S Main St