206 Walnut StSalem, IN 47167

Property Details for 206 Walnut St

Year built

1965

Construction

WOOD

Lot size

0.64 AC

Property size (Sq ft)

3,885 SF

Property type

Retail space

APN

88-24-17-331-114.000-022

APU

882417331114000022

Description

This exceptional commercial property at 206 W Walnut Street in Salem, Indiana, presents a remarkable investment opportunity. Spanning 0.86 acres and boasting high visibility due to its location bordering two main roads, this property offers significant potential for a variety of businesses. The main building comprises nearly 4,000 square feet of open space, ideal for retail display or warehousing, complemented by two well-appointed offices, a convenient bathroom, a loading dock, and two separate entry points. Recent upgrades significantly enhance the property's value and functionality. These include the installation of two new air conditioning units and two new furnaces in 2017, along with a new water heater and new flooring during the same year. Partial roof replacement was also completed in 2017, and a fresh coat of paint was applied in 2023. The property's history as a thriving hardware and lawn and garden center speaks to its inherent suitability for similar ventures. Beyond the main building, three additional structures offer versatile space. One is an open-sided building measuring 24 x 60 x 14 feet, while another is a 26 x 50 foot building featuring a large room with a garage door. A third storage building, equipped with three sliding doors and four open bays, previously served as mulch storage. Ample parking is available, with 35+ spaces currently accessible, and the possibility of expanding parking further by utilizing an adjoining lot. The property's diverse features and prime location make it suitable for a wide range of uses, including but not limited to lawn and garden centers, hardware stores, flea markets, mower shops, floral shops, and various other retail businesses. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a desirable location.

Location Insight

City

Salem

County

Washington

State

Indiana

Latitude

38.6064

Longitude

-86.103

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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