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407 N Main Street Salem, IN $ 189,900
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$ 189,900 Get more info
407 N Main Street
$ 189,900
Back to search
Share Save

407 N Main Street

Salem, IN, 47167
$ 189,900
Bedrooms-- Baths-- Sq 3,149

Monthly Estimate*

$ 1,137

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Commercial Property for sale in Salem, IN

for $189,900. This 3,149 square foot building was built in 1940 on a lot size of 0.2.

What a great LOCATION!! FANTASTIC BUSINESS OPPORTUNITY!! Great commercial building or residential home with CHARACTER on the HISTORIC North Main Street. This is the former James L. Tucker house with lots of history, original HARDWOOD FLOORS, NATURAL WOODWORK THROUGHOUT, The house on the property is currently being utilized as a successful Airbnb. Also, in the rear there is a carriage house, now converted into 2 efficiency rental apartments for additional income. Updated wiring a few years ago, Boiler in cellar is 17 yrs. old, tankless water heater, replacement windows throughout downstairs (except sunroom). 8 parking spaces in the rear and street parking out front. This property is cross listed MLS # 2024011897.

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Commercial Active

Price

$ 189,900

Property Type

Commercial

Taxes

$ 2,771

Style

MultiFamily

Lot Size

0.2

Year Built

1940

Town/City

Salem

County/Region

Washington

MLS | Web ID

2024011907
Features
Exterior
Total Parking 8.0
Lot Size Area 0.2
Building Area Total 3149.0
Lot Size Acres 0.2
Other Parking Off Street
Lot Size Source Assessor
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General
Construction Materials Frame
Year Built 1940
Township Washington
Building Design MultiFamily
Current Use MultiFamily Residential
County Washington
New Construction No
Property Type CommercialSale
Status Active
Directions Go North through the stoplight on 135/56 property is 3rd house on the right.
City Salem
NumberOfUnitsTotal 2
MLS Area Downtown
Lot Size Units Acres
Lot Size Square Feet 8712.0
Tax Annual Amount 2771.0
Property Condition Resale
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional MultiFamily Residential
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Internal Only
Street Number 1 407
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* Excluded Features
List By
Mary McCoskey Finkle

Listing Agent

Mainstreet Realtors

Broker

info@mainstreetrealtor.com

Email

Affordability Calculator

$1,368
Per Month
83%
17%
0%
Monthly Principal & Interest
$1,137
Monthly Property Taxes
$231
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% 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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Nearby
1120661 Elementary School
1120959 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/5/2024$189,900 Listed Price

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407 N Main Street, Salem, IN, 47167 is a Commercial Property for sale at $189,900 with 3,149 sqft and a lot size of 0.2. 407 N Main Street was built in 1940. The property's zip code is 47167 which is in Salem, IN

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