501 S Main Street Salem, IN
$ 389,000
Property Attributes
  • MLS#202113449
  • TypePending
  • CitySalem
  • AreaWashington
  • Zip47167
  • StyleMixed Use
  • Year Built1965
  • Taxes$ 2862
  • Price$ 389,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage1200
  • Lot Size1.27 Acres
Listing Provided Courtesy Of:
Lori Gilstrap with Day Company REALTORS
Data Source:
Indiana Regional MLS (IRMLS)
Property Description

INVESTMENT PROPERTY that's never been offered before. Constant traffic and high visibility on S. MAIN STREET in DOWNTOWN SALEM. The 1200 s.f. office building will be vacant in a short period of time, perfect for your own business use while still having constant cash flow from the current leases of the car wash and car lot OR negotiate your own lease on the office building to maximize your income. Call today...once sold, the chance to buy may never happen again!

Price History
4/21/2021 Listed $389,000

General Features

# of Buildings 1
Age 56
Agent First Name Lori
Agent Last Name Gilstrap
Bathrooms 1
Ceiling Height 8
Cooling Other
Flooring Mixed
Heating Forced Air
Legal Description 13-20-221-011.000-22 PT NW 20-2-4 1.27AC
Listing Area Washington County
New Construction No
Parking Yes
Parking Paved, Private
Roof Shingle
Sewer City
Special Features Office Space
Status Pending
Status Pending
Stories 1
Subdivision Other
Tax Year 2021
Type Mixed Use
Year Built 1965

Interior Features

Basement Y/n No
Basement/Foundation Slab
Burglar Alarm Y/n No
Fire Protection City
Interior Height 8
Smoke/fire Alarm Y/n No
Walls Drywall
Water Heater Y/n No

Exterior Features

Approx. Lot Size Acres 1.27
Construction Type 1 Existing
Exterior Vinyl
Lot Dimensions 1.27 Acre
Lot Size Area 55321
Number of Parking Spaces 8
Parking Type Paved
Road Access City
Security Light Y/n No
Sprinkler System Y/n No
Water Softener Y/n No
Waterfront Y/N No


  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

IDX 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. Data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided by the Indiana Regional MLS. Information last updated on June 13, 2021 5:35 AM UTC

Property vs Pending Average in 47167

AVG $160K
AVG $1,256
AVG 13
Year Built
AVG 1967

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover