What a great opportunity to own a historic building just off the south side of the HISTORIC SALEM SQUARE. This commercial building offers great income potential. The main level has a 1bed/1bath apartment in the rear with entrance from the back, the front of the main level is office space with a full bathroom. Upstairs you will find a 3bed/2bath apartment. For even more rental income there is office rental space available in the 27 x 15.8 basement. Call to schedule your showing today!!
2.3959 acres on outskirts of town! PRIME commercial spot! Near the bypass! Don't miss out! This is a GREAT time to build with all the growth coming to our community! A portion of this land is zoned commercial and a portion is unzoned. The owner will secure appropriate zoning for buyers use. Call today!
Commercial property in Historical Downtown Salem just waiting for your business endeavor. This building has history, buts its also been updated to modern times with modern upscale aesthetics and current technologies for efficiency. Located on the primary floor are 2 offices, a large welcoming lobby, and a kitchenette, along with a restroom. There are 2 original bank vaults. Upstairs is a full 2 bedroom 1 bath apartment with full kitchen, overlooking the Salem Courthouse. This property includes 2 separate parcels - an extra lot in the rear for additional parking. There is also a bathroom and kitchenette in the basement which used to be part of another apartment
THIS IS A CUSTOM REMODELED THREE STORY COMMERCIAL LOCATION ON HISTORIC SALEM COURTHOUSE SQUARE.... The Street level commercial/retail/office has original refinished wood floors, 1/2 bath, kitchenette, large display windows and ready for your business dream to come true. The top floor is over 2000+ sq feet with 3 bedrooms, office, curved handle beautiful staircase, 2 full baths, full large kitchen dining area with Wilcox Custom Cabinets and all high end stainless appliances that remain. This top level has original refinished wood floors, back deck with a panoramic view. The walk out basement level has parking, 2 bedrooms, 1 full large bath, kitchen, washer, dryer, range/oven, refrigerator remain. This commercial buildings offers a great income potential. Replacement windows throughout. Heat, Air, & water heaters 3-4 yrs old. 14 X 24 Shed with electric and covered insulated walls for storage. Next door is a brand new parking area within steps for all your quests. 4 Dedicated parking spots in the rear. Shown by appointment this one will surprise you with it being in excellent condition. Immediate possession at closing.
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 exposure, 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. Property is zoned CB (Central Business). 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, ordinances, restrictions, and all material facts. No warranties expressed or implied.
BUSINESS SPACE or INVESTMENT OPPORTUNITY or BOTH!! This location on the west side of Salem, IN sits in a highly visible area at the Jct. of W. State Road 56 & W. State Road 60. Property could potentially have three businesses in one location. Front building could be used as one unit or easily converted to a business duplex. Rear building has a 15x30 office area with half bath & 3 car garage. Both buildings are equipped with NGFA heating. Ample parking, access from two points & signage.
Prime high traffic corner with 2.4 acres!! Located Hwy 60 & Webb St across from Retail Shopping and close to Residential.
GREAT LOCATION right on a heavily traveled State Rd between Salem and Scottsburg. This property with almost 8.5 acres includes 3 parcels. Value is in the land. The steel building caught fire, half maybe salvageable. Call to schedule your showing today! DO NOT ENTER BUILDING!
Attention Storage Unit Investors! GREAT Income Property is zoned B1. Seller has engineering plans for 88 storage units to built on the property and is approved by the state of Indiana. Large Home is a fixer upper but can be 4+ bedrooms along with a newer garage added to the home and would make a great rental property or small business location. Home is sold as is and needs a lot of repairs. When completed, the property has the potential to gross $7500+ per month in income. Property is located 1 mile south of the Salem Square between the square and the bypass. Great location, with a lot of potential. Seller is a licensed real estate agent. Please verify square footage of home if important.
THIS IS A HOT PRIME COMMERCIAL LOCATION WITH B-2 ZONING ALREADY IN PLACE & 14.51 ACRES AND SELLER OFFERING TO DIVIDE TRACTS.. FOR YOUR DREAM DEVELOPMENT..... ALL CITY UTILITES AVAULABILE, IMMEDIATE POSSESSION. Abundance of road frontage on State Road & business district county road, very high continuous traffic count, easy access & exit. A parcel this size does not come along very often with these specific city amenities Salem can offer you! Call today to discuss your multi use commercial dream and business opportunity.
THE BEST LOCATION IN SALEM.....Zoned B-2, Build your dream, .71 acres, very high visibility and traffic count. This location is at the stoplight at the Intersection of State Road 135 & 56. All city utilities, good frontage on two sides and rear alley access. Shown By Appointment. Do not miss out on this location.
Investment Property within historic downtown Salem. Combination of 1 large commercial space, 1-two bedroom unit, 2-one bedroom units, and an additional commercial unit! Open your own business and have rental income that makes your payment.... add to your current portfolio....use this to start your own investment portfolio....live in one unit while running a business and still having income to make your mortgage....so many possibilities that you can't go wrong.
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.
OPPORTUNITY OF A LIFETIME...H&R Bakery has been a staple to Southern Indiana for over three-quarters of a century, arguably serving the most delicious donuts and there are no words to describe their famous brownies! The Salem location, in addition to Huckleberry's in Mitchell, along with all fixtures, furniture and equipment of both and most importantly the established business, loyal multi-generational customer base and treasured baking secrets are included in the sale. Different streams of revenue could be added with food service and meeting/party space rental. Information provided in this listing for the Salem Location. Please see listing for 915 Main Street, Mitchell, Indiana for information specific to Huckleberry's location MLS#2024011719. BOTH LOCATIONS, FURNITURE, FIXTURES, EQUIPMENT AND BUSINESS ALL SELL TOGETHER
For Sale or Lease!! Here is your chance to own/rent prime commercial space. The building has 2 front entrances and large glass storefront. Would make great barbershop/Salon, Tattoo shop, thrift store, vape shop. Located on a high traffic road with high visibility. Call to see it today!
Multiple Opportunities with this unique property! LIVE WHERE YOU WORK!! BUSINESS LOCATION on one side with a 46 x 22 store front with some new exterior metal and new heater in store and plenty of parking. Previous businesses included a variety store and floral shop. Over 4,000 sq. ft. total to work with. Also included is a 3-4 BR, 1 BA LIVING QUARTERS with OPEN FLOOR PLAN, Kitchen with appliances, dining area, first floor laundry room, media/office area, and living room with electric FIREPLACE and a newly built carport. All new flex pipes for water/faucets in store and kitchen. New CENTRAL AIR, water heater, new washer hook up. REASONABLE UTILITIES! Could also be used as 2 rentals for extra inclome. Upstairs there are TWO very large rooms one is 34 x 21 and the other is 24 x 12 with many possiblities. 21 x 26 Detached garage with concrete and 2 sliding doors. GREAT NEIGHBORHOOD located just off of HWY 56 and 5 miles from Salem. Property is being sold "As Is". Immediate possession at closing.
Property features 54x48 garage with 12x32 upstairs office, 2 -12' rollup doors, 1 service door, electric and water, natural gas is available. Flat to gently rolling with good building sites and ample road frontage and parking. The building has been well insulated.
Really Nice Perfect Flex Property with 5 offices, conference room, large 2 bay attached garage, 3 storage units, new HVAC in 2020. May sell on contract with $50,000 down payment. Great road frontage in high traffic area on Main Street in Salem. The property currently generates $1150 monthly income on a month to month basis. Seller may consider a monthly Lease at $2300 Per Month + Utilities. Owner is a real estate agent. Reach out to me if you have an interest in the property.
Large commercial property presenting an incredible opportunity for your commercial business. Situated on a generous 1.69 acre lot, the property offers ample space and flexibility to bring your business to the next level. The building offers nearly 14,000 square feet of flexible space which provides plenty of room for growth and expansion. BRAND NEW office space boasts 3426 square feet with six private offices, inviting foyer, conference room & storage rooms. Additionally, there are two docks for efficient loading & unloading operations. Three standards for additional parking lot lighting. This property offers a wide range of possibilities for various needs. Ample parking for 60+ vehicles or large area to accommodate tractor trailers. Parking lot & front of building are secured with fencing. Utilities include: City of Salem, Duke Energy & Midwest Natural Gas. Additional updates: fire suppression system, fire alarm system, multiple NEW HVAC units, partial roof resealing, NEW commercial gutters & downspouts, full exterior painting & parking lot sealcoating(7/5-7/9).
This large COMMERCIAL 2.46 acre site is Zoned I-1 for all your business dreams. Situated on West State Road 56 (W. Mulberry St.) with very high traffic count daily. This has had recent highway construction making this a hot spot Commercial location to buy. Very level, 200 ft State Highway frontage, all city utilities available.
Lots of POTENTIAL! Affordable fixer-upper in commercially zoned growing business district of Salem, right next to high-traffic stoplight (Intersection of Hwy 135 & 56). Easy access easement on east side of lot, great visibility, and space for parking or storage. Structure on lot can be cleared or restored. Call today! :)
Work from one side and live in the other! Or would make a great investment property! Zoned Commercial this property has 2 units - one unit is an open space used as a storefront and has 2 bedrooms a one bath, the other is a full 4 bed 1 bath apartment. Both units have recently been updated. Property has parking in front, and a carport/parking area in back, along with a garage in basement. Property includes a large covered porch with good size back yard. Currently unrented. Possession at closing
GREAT INVESTMENT PROPERTY in a HIGH-TRAFFIC AREA of SALEM. 56 E./Hackberry street, this building is setting on 1.14 ac. with lots of parking space with easy access! Highly desirable location with Maximum exposure for your potential clientele. Building contains 3548 sq. ft. Local amenities are close by. Suppression system is still in place for Restaurant use. AS-IS, See addendum for GIS map of lot shape.*** Shed, TV & Mount,Window security bars DO NOT STAY
Located across the street from Walmart. Sale of Second Generation Business w/Real Estate and a loyal long term customer base. Sale includes ALL Business Assets as Identified on corporate Federal Tax Return. Many CNC machines and other equipment come with the business (see partial list in attachments). Owner is willing to provide short term transition to new owner. Business may be Relocated! Confidentiality Agreement Must Be Signed by Interested/Qualified Buyer Prospects Prior to Release of Tax Return Information!
Welcome to 501 East Market Street just a couple blocks from the iconic Salem town square! This property is currently being leased by multiple businesses with office and warehouse needs. 501 E Market can be accessed by 3 different city streets! It features 22 acres with over 175,000 square feet of warehouse space. In addition to this, it has 5500 finished square feet of office space. This isn't even counting the office space available in the warehouses! There is 440 3- phase electric service to warehouses and a dedicated fire suppression loop surrounding the property with multiple hydrants. Other ideas for this property include land development, developing the creekside with apartments/businesses, event venue or flea market and so much more! Reach out today and see what a great investment this commercial property can be for you!
Albert Wright Page, License RB14038157, Xome Inc., License RC51300094, [email protected], 844-400-XOME (9663), 4471 North Billman Estates, Shelbyville, IN 46176
Information is provided exclusively for consumers personal, non - commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026, Southern Indiana Realtors Association. All rights reserved.
Salem is located in Indiana. Salem, Indiana has a population of 6,276. Salem is more family-centric than the surrounding county with 27.62% of the households containing married families with children. The county average for households married with children is 26.57%.
The median household income in Salem, Indiana is $43,021. The median household income for the surrounding county is $53,932 compared to the national median of $69,021. The median age of people living in Salem is 37.9 years.
The average high temperature in July is 87 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 45.7 inches per year, with 14.4 inches of snow per year.
