# 18 Public Sq, Salem, IN 47167

> **TL;DR:** commercial, $299,000 ($40/sqft), built 1940, 7,548 sqft. Est. $1,296/mo. Listed 20 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $299,000 |
| Price/sqft | $40 |
| Square Feet | 7,548 |
| Year Built | 1940 |
| Lot Size | 3,485 sqft (0.08 acres) |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 20 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,296 |
| **Total** | **$1,296** |

## Property Highlights

- Built in 1940
- 0.08 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 18 Public Sq, Salem, IN 47167
- **County:** Washington

## Listing Agent

- **Name:** Melanie Wells
- **Brokerage:** HOOSIER REALTY
- **Phone:** (812) 967-2329
- **Email:** melanie.hoosierrealty@gmail.com

## Primary Photo

![18 Public Sq - Primary Photo](http://lh.rdcpix.com/fa183140db6a53a16eaadc43887bab91l-f4142312263r.jpg)

*44 total photos available on [listing page](https://www.propertysimple.com/listing/18-public-sq-salem-in-47167-02608221)*

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**MLS#:** 202608221 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 Southern Indiana REALTORS Association. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/18-public-sq-salem-in-47167-02608221)

---

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