701 S Main St

102,366 / 2.35
Lot Size / Acres

Description

What a great opportunity! Prime commercial location in the heart of Salem, right on the main strip! Perfect location for your new business! Endless Opportunities for this property! Property will be surveyed to divide. Owners are selling 1 acre +/-. Taxes will be determined once property has been divided. Call to schedule your showing today.What a great opportunity! Prime commercial location in the heart of Salem, right on the main strip! Perfect location for your new business! Endless Opportunities for this property! Property will be surveyed to divide. Owners are selling 1 acre +/-. Taxes will be determined once property has been divided. Call to schedule your showing today.
  1. Listed by Mary McCoskey Finkle • Mainstreet Realtors • info@mainstreetrealtor.com

Property Details for 701 South Main Street

Subdivision
None
Waterfront
No
LISTING UPDATED: 11/21/2025 10:29 PM

Property Details for 701 South Main Street

StatusActive
MLS #202518392
Days on Market256
Taxes$11,000 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLots & Lands / Commercial Land
Year Built-
Lot Size2.35 AC
CountyWashington County

Location

Listing Courtesy of Mainstreet Realtors
Add your commute

Building Information for 701 South Main Street

Lot Size2.35 AC

Payment Calculator

$1,793 per month

30 year fixed, 6.15% Interest

Principal and Interest

$877

Property Taxes

$917

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 701 South Main Street

Summary
Location and General Information
  • Area: Washington County
  • City: Salem
  • Zip + 4: 1041
  • Zip Code: 47167
  • State: IN
  • Township: Washington
  • Geo Latitude: 39
  • Geo Longitude: -86
  • Road Access: City
  • Fips Code: 18175
  • Directions To Property: Highway 60 into Salem, turn right, property is on the left
  • Location: City, Commercial
  • Road Frontage: City
Taxes and HOA
  • Parcel Description: 0-2.9999
  • Assessed Value $: $368,700.00
  • Annual Taxes: $11,000
  • Assoc Dues Frequency: Not Applicable
  • Year Taxes Payable: 2025
  • Parcel Number Id: 88-24-20-224-006.000-022
School Information
  • School District: Salem Community Schools
  • Elementary: Bradie M Shrum
  • Middle School: Salem
  • High School: Salem
Parking
  • Parking: Off Street
Property
Lot Information
  • Class: LOTS AND LAND
  • Property Subtype: Commercial Land
  • Approx Lot Size Acres: 2.35
  • Lot Dimensions: irregular
  • Approx Lot Size Sqft: 102366.0
Property and Assessments
  • Can Property Be Divided?: No
  • Curb: Yes
  • Documents Available: Aerial Photo
  • Easements: Yes
  • Planned Unit Development: No
  • Platted Development: No
  • Structure/Building Improvements: No
  • Type Use: Commercial
Utilities
  • Electricity Type: Available
  • Fuel Type: None
  • Sewer Type: Public
  • Water Utility: Public
Interior and Exterior Features
Exterior Features
  • Platted: Yes
  • Rail Siding: No
  • Road Surface: Paved
Rental
Rental Information
  • Leased Acres: No

Property History for 701 South Main Street

DateEvent & SourcePriceAppreciation
Oct 1, 2025

Price Change

Southern Indiana REALTORS® Association #202507465

$130,000
Aug 11, 2025

Price Change

Southern Indiana REALTORS® Association #202507465

$179,900
May 19, 2025

Price Change

Indiana Regional MLS #202518392

$199,900
May 19, 2025

Listed (Active)

Indiana Regional MLS #202518392

$179,900
Apr 23, 2025

Listed (Active)

Southern Indiana REALTORS® Association #202507465

$199,900
Feb 8, 2022

Sold (Public Record)

Public Record #1510696080

$105,000
DateEvent & SourcePrice
10/01/2025

Price Change

Southern Indiana REALTORS® Association #202507465

$130,000
08/11/2025

Price Change

Southern Indiana REALTORS® Association #202507465

$179,900
05/19/2025

Price Change

Indiana Regional MLS #202518392

$199,900
05/19/2025

Listed (Active)

Indiana Regional MLS #202518392

$179,900
04/23/2025

Listed (Active)

Southern Indiana REALTORS® Association #202507465

$199,900
02/08/2022

Sold (Public Record)

Public Record #1510696080

$105,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 701 South Main Street

Taxable ValueLand$189,600Additions$179,100Total$368,700
Tax Record2024$11,061 ($922 / month)
Home Facts
Baths1.5Total Finished SqFt1,800 SqFtAbove Grade Finished SqFt1,800 SqFtStories1Lot Size102,366 SqFtStyleStoresYear Built2023CountyWASHINGTONAPN88-24-20-224-006.000-022Fireplace TypeMasonry

Schools near 701 South Main Street

This home is within Salem Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Private - PK to 12
Rating
School
Distance
Bradie M Shrum Lower Elementary
PublicPK to 5

Salem Middle School
Public6 to 8

Salem High School
Public9 to 12

Living Waters Academy
PrivatePK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

701 South Main Street is a 2.35 ac of land for sale in Salem, IN 47167. This property was listed for sale on May 19, 2025 by Mainstreet Realtors, it's currently listed at $179,900. It has been on the market for a total of 256 days and was last sold on February 8, 2022. This listing's school district is Salem Community Schools. Nearby schools include Bradie M Shrum Lower Elementary, Salem Middle School and Salem High School. 701 South Main Street is a 0-bed, 0.5-bath, 2.35 ac of land on a 102,366 sq. ft. / 2.35 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mainstreet Realtors

Based on information from one of the following Multiple Listing Services: MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by MIBOR MLS,IRMLS,Southern Indiana REALTORS® Association,Southeastern Indiana Board of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.