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501 E Market Street Salem, IN $ 1,800,000
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$ 1,800,000 Get more info
501 E Market Street
$ 1,800,000
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501 E Market Street

Salem, IN, 47167
$ 1,800,000
Baths0.0 Sq 71,102

Monthly Estimate*

$ 12,574

501 E Market Street, Salem, IN 47167 - Image 1
501 E Market Street, Salem, IN 47167 - Image 2
501 E Market Street, Salem, IN 47167 - Image 3
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Studio

Commercial Property for sale in Salem, IN

for $1,800,000. This 71,102 square foot building was built on a lot size of 22.

Welcome to 501 East Market Street just a couple blocks from the iconic Salem town square! This property is currently being leased by multiple businesses with office and warehouse needs. 501 E Market can be accessed by 3 different city streets! It features 22 acres with over 175,000 square feet of warehouse space. In addition to this, it has 5500 finished square feet of office space. This isn't even counting the office space available in the warehouses! There is 440 3- phase electric service to warehouses and a dedicated fire suppression loop surrounding the property with multiple hydrants. Other ideas for this property include land development, developing the creekside with apartments/businesses, event venue or flea market and so much more! Reach out today and see what a great investment this commercial property can be for you!

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Commercial Active

Price

$ 1,800,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 23,725

Style

Industrial

Lot Size

22

Town/City

Salem

County/Region

Washington

MLS | Web ID

202407493
Features
Exterior
Total Parking 25.0
Lot Size Area 22.0
Building Area Total 71102.0
Lot Size Acres 22.0
Lot Size Units Acres
Lot Size Source Owner
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General
Township Washington
Property SubType Industrial
Current Use Industrial
Additional Parcels Description See Exhibit A additional parcels
County Washington
Property Type CommercialSale
Status Active
Directions Take Old IN - 160 and stay left onto Old IN - 160. Property will be at 501 E Market Street in Salem.
City Salem
Total Units 0
Lot Size Square Feet 958320.0
Street Name Market
Tax Annual Amount 23725.0
Property Condition Resale
Virtual Tour https://www.corelistingmachine.com/home2/VAT2KH
Days on Market 6
Standard Status Active
Occupancy Type Owner
Property Sub Type Additional Industrial
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Interior
Street Suffix Street
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Internal Only
Street Number 1 501
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* Excluded Features
List By
Mallory Annis

Listing Agent

Re/Max First

Broker

MAnnis@28first.com

Email

Affordability Calculator

$14,551
Per Month
86%
14%
0%
Monthly Principal & Interest
$12,574
Monthly Property Taxes
$1,977
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1120661 Elementary School
1120959 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/30/2024$1,800,000 Listed Price

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501 E Market Street, Salem, IN, 47167 is a Commercial Property for sale at $1,800,000 with 71,102 sqft and a lot size of 22. 501 E Market Street is a studio with 0.0 baths. The property's zip code is 47167 which is in Salem, IN

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