About This Home

This 0-bedroom, 0-bathroom commercial at 18 Public Square in Salem, IN is listed for $299,000 ($40 per sqft). Built in 1940, the home offers 7,548 sqft of living space on a 0.08 acres lot.

Key Features

  • Built in 1940
  • 0.08 acre lot

Property Details

1940
Listing Description

Exceptional investment or owner-user opportunity on Salem's historic Public Square! This versatile approximately 7,548 SF commercial property is zoned CB (Central Business) and features two completely separate street-level commercial storefronts, allowing two independent businesses to operate simultaneously.

Each storefront offers its own entrance, street-level presence, large display windows and separate utilities, with the exception of shared water service. One storefront also provides access to the basement, offering additional storage and usable space.

The building features three HVAC systems, three restrooms, two kitchenettes and private rear parking-a valuable feature for a downtown property. The expansive unfinished upper level, previously under renovation, provides substantial additional space and exciting potential for future development.

Depending upon applicable zoning and approvals, the space may offer possibilities for residential, office, studio or other permitted uses. Located directly on Salem's historic Public Square, this property combines two independently functioning commercial storefronts, existing tenancy, excellent visibility, private parking, substantial square footage and future development potential.

Whether purchased as an investment or for an owner-user seeking space for their own business while benefiting from a separate commercial unit, this property offers tremendous flexibility and long-term potential.

Monthly Cost Estimate

$1,599/mo

20% down · 6.5% · 30 years

Principal$216
Interest$1,296
Insurance$87

Estimates only. Actual payments may vary.

Location

18 Public Square

Salem, IN 47167

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 18 Public Square is listed at $299,000 ($40/sqft). The estimated monthly payment is $1,599 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.08 acre lot.

This property is listed by Melanie Wells and can be reached at (812) 967-2329.

MW

Melanie Wells

Agent at Laura Bishop llc dba HOOSIER REALTY

(812) 967-2329
Agent website

Listed by Laura Bishop llc dba HOOSIER REALTY · Broker phone: (812) 967-2329 · Broker website

MLS# 2026010832· Source: Southern Indiana REALTORS Association· 61 days on PropertySimple

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.

18 Public Square, Salem, IN 47167

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