About This Home

This 0-bedroom, 0-bathroom commercial at 107 W Salem Avenue in Indianola, IA is listed for $225,000. Built in 1890, on a 0.13 acres lot.

Key Features

  • Built in 1890
  • 0.13 acre lot

Property Details

1890

Amenities

A/C
Listing Description

This is a rare opportunity to acquire a mixed-use property on the popular Indianola Square! With 7,445 sq. ft of Commercial use and 2 Residential units comprised of a studio apt. & a good-sized 2 bedroom apt., this property would be a valuable addition to your investment portfolio.

The Commercial portion has separate H20, gas & electric. It offers (3) 1/2 baths and (1) 3/4 baths & an office. There is enough space to personalize or add more rental opportunities with a back door to the alley. Residential is all electric with window air conditioning and convenient, shared Laundry. Both units offers 1 full bath each. Sooo many options with this property!

Monthly Cost Estimate

$1,203/mo

20% down · 6.5% · 30 years

Principal$163
Interest$975
Insurance$66

Estimates only. Actual payments may vary.

Location

107 W Salem Avenue

Indianola, IA 50125

Property Details

Construction

Brick Block

Heating

Natural GasForced AirElectric (Heating)

Cooling

Central AirWindow Unit(s)

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 107 W Salem Avenue is listed at $225,000. The estimated monthly payment is $1,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1890, 0.13 acre lot.

This property is listed by Brady Jackson.

BJ

Brady Jackson

Agent at Iowa Realty Co., Inc.

Listed by Iowa Realty Co., Inc. · Broker phone: (800) 724-2297 · View on Broker Site · Broker website

MLS# 701231· Source: Des Moines Area Association of REALTORS®, Inc.· 801 days on PropertySimple

Copyright © 2026 Des Moines Area Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

107 W Salem Avenue, Indianola, IA 50125

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