18 Public Sq Salem, IN $ 299,000
18 Public Sq
$ 299,000
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18 Public Sq

Salem, IN, 47167
$ 299,000
Bedrooms-- Baths--

Monthly Estimate*

$ 1,841

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Commercial Property for sale in Salem, IN

for $299,000. This building was built in 1940 on a lot size of 0.08.

Welcome to 18 Public Square in the heart of downtown Salem. This versatile mixed-use commercial property features two separate storefronts, private parking, basement storage, and an unfinished upper level with residential apartment potential. The building offers excellent flexibility for investors or owner-occupants with multiple income stream opportunities. Features include three HVAC systems, three restrooms, two kitchenettes, large display windows, strong visibility, and prime downtown visibility. One storefront is currently tenant occupied while the additional storefront provides owner-user or additional rental potential. The upper level was previously under renovation and offers opportunities for custom residential buildout, office space, studio use, or additional income-producing space. Rare private parking behind the building adds significant value and convenience rarely found on the Square. The combination of active commercial space, future residential potential, and downtown location makes this property ideal for investors, entrepreneurs, or business owners seeking long-term upside. Shown by appointment only. Listing broker is property owner and licensed Indiana managing broker. Buyer/buyer’s broker to verify measurements, zoning, permitted uses, utility information, and all material facts. No warranties expressed or implied.

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Commercial Active

Price

$ 299,000

Property Type

Commercial

Taxes

$ 3,555

Style

Lot Size

0.08

Year Built

1940

Town/City

Salem

County/Region

Washington

MLS | Web ID

202608221

Features
General
Year Built 1940
Township Washington
Property Subtype Office
County Washington
Property Type Commercial Sale
Status Active
Directions From the Salem Square property is located on Public Square in downtown Salem. Building is situated on the Square with private parking access located behind the building.
City Salem
Lot Size Units Acres
Lot Size Square Feet 3484.8
Tax Annual Amount 3555
Property Condition Resale
Standard Status Active
Property Sub Type Additional Office Retail Other Residential
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Exterior
Lot Size Area 0.08
Building Area Total 7548
Lot Size Acres 0.08
Lot Size Source Assessor
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* Excluded Features
List By
Melanie Wells

Listing Agent

Hoosier Realty

Broker

Melanie.HoosierRealty@gmail.com

Email

Affordability Calculator

$2,137
Per Month
86%
14%
0%
Monthly Principal & Interest
$1,841
Monthly Property Taxes
$296
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
5/12/2026$299,000 Listed Price

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18 Public Sq, Salem, IN, 47167 is a Commercial Property for sale at $299,000 with a lot size of 0.08. 18 Public Sq was built in 1940. The property's zip code is 47167 which is in Salem, IN