About This Home

This 0-bedroom, 0-bathroom commercial at 106 S Main Street in Salem, IN is listed for $250,000 ($57 per sqft). Built in 1910, the home offers 4,388 sqft of living space on a 0.05 acres lot.

Key Features

  • Built in 1910
  • 0.05 acre lot

Property Details

1910
Listing Description

A Rare Investment Opportunity Just Steps from Historic Salem Square! Don't miss this incredible opportunity to own a beautifully remodeled historic building just off the south side of Historic Salem Square! Offering charm, versatility, and multiple income-producing possibilities, this three-story commercial property is a unique investment opportunity with endless potential.

Completely remodeled throughout all three levels, the building features numerous recent updates, including a new roof, replacement windows, and three heating and air conditioning units, all installed within the past five years. The main level offers a spacious front office area complete with a full bathroom, along with a private 1-bedroom, 1-bath apartment in the rear featuring its own separate entrance.

Upstairs, you'll find an additional 3-bedroom, 2-bath apartment, providing even more rental income potential. Need another income stream? The basement offers approximately 27' x 15.8' of additional space that could be utilized for office rentals or other business opportunities.

Whether you're looking to expand your investment portfolio, operate a business while generating rental income, or create a charming boutique Airbnb, this property offers multiple possibilities in a desirable historic downtown location. Three levels. Multiple income opportunities. Endless potential! Call today to schedule your private showing and explore all this unique property has to offer!

Monthly Cost Estimate

$1,337/mo

20% down · 6.5% · 30 years

Principal$181
Interest$1,083
Insurance$73

Estimates only. Actual payments may vary.

Location

106 S Main Street

Salem, IN 47167

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 106 S Main Street is listed at $250,000 ($57/sqft). The estimated monthly payment is $1,337 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1910, 0.05 acre lot.

This property is listed by Mary McCoskey Finkle.

MF

Mary McCoskey Finkle

Agent at Mainstreet Realtors

Listed by Mainstreet Realtors · Broker phone: (812) 883-9555 · Broker website

MLS# 202608997· Source: Southern Indiana REALTORS Association· 145 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.

106 S Main Street, Salem, IN 47167

Open this listing in: