$251,837*
●
Commercial -
Off Market
1101 S Main Street
Salem, IN 47167
Studio
0 Bath
$225,000 - $273,000
Reference Base Price*
0.78%
Since Jun 1, 2023
National-US
Primary Model
About This Property
Attention Storage Unit Investors! GREAT Income Property is zoned
B1. Seller has engineering plans for 88 storage units to built on
the property and is awaiting state approval. Large Home is a fixer
upper but can be 4+ bedrooms along with a newer garage added to the
home and would make a great rental property or small business
location. Home is sold as is and needs a lot of repairs.
Seller has been quoted $175k to build 88 storage units + concrete
and excavation. When completed, the property has the potential to
gross $7500+ per month in income. Property is located 1 mile south
of the Salem Square between the square and the bypass. Great
location, with a lot of potential. Seller is a licensed real estate
agent. Please verify square footage of home if important.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Commercial
Property Taxes
$459
HOA Dues
-
Year Built
1920
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 2, 2023 | No longer available | - | |
| No longer available | |||
| Feb 15, 2023 | Relisted | $249,900 | |
| Relisted | |||
| Dec 10, 2022 | No longer available | - | |
| No longer available | |||
| Nov 29, 2022 | Listed | $249,900 | |
| Listed | |||
Property Highlights
1101 S Main Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
11/29/2022
|
|
Loft
|
-
|
-
|
$249,900
Loft
-
|
-
-
|
-
|
Nathan Soliday
Brixton Realty, LLC
|
|
06/04/2021
|
|
4 Bed
|
2 Bath
|
2388 ft²
|
$169,900
4 Bed
2 Bath
2388 ft²
|
-
-
|
-
|
Susan D Vannis
Century 21 Champion Real Estate
|
|
11/16/2020
|
|
4 Bed
|
1 Bath
|
2388 ft²
|
$179,900
4 Bed
1 Bath
2388 ft²
|
-
-
|
-
|
-
|
Building Info
1101 South Main Street
1101 South Main Street, Salem, IN 47167
- 1 Unit for Sale
