Description
Welcome to 18 Public Square in the heart of downtown Salem. This versatile mixed-use commercial property features two separate storefronts, private parking, basement storage, and an unfinished upper level with residential apartment potential. The building offers excellent flexibility for investors or owner-occupants with multiple income stream opportunities. Features include three HVAC systems, three restrooms, two kitchenettes, large display windows, strong exposure, and prime downtown visibility. One storefront is currently tenant occupied while the additional storefront provides owner-user or additional rental potential. The upper level was previously under renovation and offers opportunities for custom residential buildout, office space, studio use, or additional income-producing space. Rare private parking behind the building adds significant value and convenience rarely found on the Square. The combination of active commercial space, future residential potential, and downtown location makes this property ideal for investors, entrepreneurs, or business owners seeking long-term upside. Property is zoned CB (Central Business). Shown by appointment only. Listing broker is property owner and licensed Indiana managing broker. Buyer/buyer’s broker to verify measurements, zoning, permitted uses, utility information, ordinances, restrictions, and all material facts. No warranties expressed or implied.
-
0BEDS
-
0.08ACRES
-
0BATHS
-
01/2 BATHS
School Ratings & Info
Description
Welcome to 18 Public Square in the heart of downtown Salem. This versatile mixed-use commercial property features two separate storefronts, private parking, basement storage, and an unfinished upper level with residential apartment potential. The building offers excellent flexibility for investors or owner-occupants with multiple income stream opportunities. Features include three HVAC systems, three restrooms, two kitchenettes, large display windows, strong exposure, and prime downtown visibility. One storefront is currently tenant occupied while the additional storefront provides owner-user or additional rental potential. The upper level was previously under renovation and offers opportunities for custom residential buildout, office space, studio use, or additional income-producing space. Rare private parking behind the building adds significant value and convenience rarely found on the Square. The combination of active commercial space, future residential potential, and downtown location makes this property ideal for investors, entrepreneurs, or business owners seeking long-term upside. Property is zoned CB (Central Business). Shown by appointment only. Listing broker is property owner and licensed Indiana managing broker. Buyer/buyer’s broker to verify measurements, zoning, permitted uses, utility information, ordinances, restrictions, and all material facts. No warranties expressed or implied.
© 2026 Southern Indiana Realtors Association. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or WSG Homes and Properties | Real Broker LLC. Data last updated: 2026-06-12T22:04:34.697.