1500 E RC Morris Drive Salem, IN $ 1,200,000
1500 E RC Morris Drive
$ 1,200,000
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1500 E RC Morris Drive

Salem, IN, 47167
$ 1,200,000
Baths0.0 Sq 12,064

Monthly Estimate*

$ 8,382

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Studio

Commercial Property for sale in Salem, IN

for $1,200,000. This 12,064 square foot building was built in 2004 on a lot size of 4.00999.

Cornerstone Hall is a 1st class, very popular regional event facility. It has hosted a numerous variety of high profile events as well as countless weddings, concerts, proms, family reunions, company meeting/party's. There is an excellent commercial kitchen on site, a bar with a alcohol license, Separate His and Hers restrooms and a unisex restroom in the kitchen area for staff. 12 foot ceilings in the Main event area give an open and airy feeling. Cornerstone also features one of the best sound systems in Southern Indiana! It’s not just what’s inside that’s great. Outdoors events in the beautiful Washington County landscape offer a picturesque and charming touch, complete with a landscaped garden and pergola. Even if it rains, you can move inside with a room for up to 500 of your guests in an elegant ambiance setting. Gas log fireplaces with exceptionally trimmed mantles set the mood for a great evening. Ample parking onsite and a covered drive up entrance make for 1st class experiences with little effort. There is a also a dividing wall that can be employed to host multiple events simultaneously. Cornerstone Hall is a short drive down hwy 56 to I-65 quickly connecting you to the Louisville and Indianapolis Metro Areas. New Hotels in the Washington, Scott and Clark Co areas make hosting events even more continent.

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Commercial Active

Price

$ 1,200,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 13,793

Style

Commercial

Lot Size

4.00999

Year Built

2004

Town/City

Salem

County/Region

Washington

MLS | Web ID

202309948

Features
General
Development Status Other
Year Built 2004
Township Washington
Property SubType Commercial
Current Use HotelMotel Other
Business Type Hospitality
County Washington
Property Type CommercialSale
Status Active
Directions From Salem Square take IN135 North to the stoplight with IN 56. Go East Past new Walmart then turn Left immediately on Jim Day Rd. Cornerstone Hall is a half mile to the north on the Right.
City Salem
Buyer Agent Compensation 3.0
Total Units 0
Lot Size Square Feet 174675.6
Street Name RC Morris
Tax Annual Amount 13793.0
Days on Market 209
Standard Status Active
Property Sub Type Additional Other
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Exterior
Lot Size Area 4.01
Building Area Total 12064.0
Lot Size Acres 4.01
Lot Size Units Acres
Lot Size Source Assessor
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Interior
Street Suffix Drive
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Internal Only
Street Number 1 1500
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* Excluded Features
List By
Chad Motsinger

Listing Agent

Lopp Real Estate Brokers

Broker

chad@motsingerrealty.com

Email

Affordability Calculator

$9,532
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,382
Monthly Property Taxes
$1,149
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1120661 Elementary School
1120959 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/19/2024$1,200,000 -36.84% Price Down
8/23/2023$1,900,000 Listed Price

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1500 E RC Morris Drive, Salem, IN, 47167 is a Commercial Property for sale at $1,200,000 with 12,064 sqft and a lot size of 4.00999. 1500 E RC Morris Drive is a studio with 0.0 baths and was built in 2004. The property's zip code is 47167 which is in Salem, IN