701 S Main Street, Salem, IN 47167
Washington County
Key Facts
Description
Position your business for success with this exceptional 1-acre commercial parcel located directly on Main Street in the heart of Salem. This high-visibility property sits adjacent to a busy intersection, offering steady traffic exposure and easy accessibility for customers. The lot features a shared driveway with a well-established nail salon, providing built-in traffic flow and convenient ingress/egress. Surrounded by a beautiful, park-like setting with mature trees and well-maintained grass, this property offers a rare blend of visibility and aesthetic appeal, ideal for businesses seeking both function and atmosphere. Whether you’re planning retail, office space, a boutique shop, or a service-based business, this location provides the exposure and setting to make a lasting impression. Bring your vision to life in one of Salem’s most desirable commercial locations.
Property Information
Property Type
Land
Lot Size
1.02 acres
Zoning
Commercial
Days on Market
1
MLS® Listing#
202607504
Property Features
Utilities
Financial Details
HOA
None
Parcel Number
0220199320
Directions
S Main Street, empty lot next to Star Nail
Affordability Calculator
$24,000
Estimated monthly payment
$639/mo
Principal $96,000 · Est. interest $133,929 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Salem, IN
- $248,485
- Median Listing Price
- 52
- Median Days on Market
- 1,404
- Median Sq Ft
- $157
- Median Price / Sq Ft
- 68
- Active Listings
- This home’s price is 52% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Salem, IN.
Location
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Points of Interest in Salem, IN
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 507 N High Street, Salem, IN | $84,900 | 4 | 2 | 2,622 |
| 604 W Bristol Street, Salem, IN | $89,900 | 2 | 1 | 700 |
| 2980 E Banet Road, Salem, IN | $95,000 | — | — | — |
| 306 W Poplar Street, Salem, IN | $99,000 | 2 | 1 | 992 |
| 905 N Locust Street, Salem, IN | $105,000 | 3 | 1 | 796 |
| 500 W Mulberry Street, Salem, IN | $119,900 | 3 | 2 | 2,144 |
Moving Cost Estimate
EXIT Agents in Salem
Listing Courtesy: Dawson Real Estate, LLC - 812-570-0708
Last Updated: 2026-04-16