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Lot/land
  • $120,000

    701 S Main Street, Salem, IN 47167

    --beds
    --baths
    1.02Acres
    Unimproved Land
    Built in ----
    1.02 Acres Lot
    $-- Zestimate®
    $--/sqft
    $-- HOA

    What's special

    Position your business for success with this exceptional 1-acre commercial parcel located directly on Main Street in the heart of Salem. This high-visibility property sits adjacent to a busy intersection, offering steady traffic exposure and easy accessibility for customers. The lot features a shared driveway with a well-established nail salon, providing built-in traffic flow and convenient ingress/egress. Surrounded by a beautiful, park-like setting with mature trees and well-maintained grass, this property offers a rare blend of visibility and aesthetic appeal, ideal for businesses seeking both function and atmosphere. Whether you’re planning retail, office space, a boutique shop, or a service-based business, this location provides the exposure and setting to make a lasting impression. Bring your vision to life in one of Salem’s most desirable commercial locations.
    80 days
    |
    38
    |
    0
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Kelsey Dawson,

    Dawson Real Estate, LLC

    Source: SIRA,MLS#: 202607504MLS LogoOriginating MLS: Southern Indiana REALTORS Association

      Facts & features

      Property

      Features
      • Has view: Yes
      • View description: City, Park/Greenbelt, Scenic
      Lot
      • Size: 1.02 Acres
      Details
      • Parcel number: 0220199320
      • Zoning: Commercial
      • Zoning description: Commercial

      Utilities & green energy

      • Utilities for property: Sewer Available

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Salem

      Financial & listing details

      • Tax assessed value: $395,700
      • Annual tax amount: $11,061
      • Date on market: 4/16/2026
      • Cumulative days on market: 437 days
      • Listing terms: Cash,Conventional,Other

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $732/mo

        Price history

        DateEventPrice
        4/16/2026Listed for sale$120,000-7.7%
        Source: SIRA #202607504 Report a problem
        4/16/2026Listing removed$130,000
        Source: SIRA #202507465 Report a problem
        10/1/2025Price change$130,000-27.7%
        Source: SIRA #202507465 Report a problem
        8/11/2025Price change$179,900-10%
        Source: SIRA #202507465 Report a problem
        4/23/2025Listed for sale$199,900+1803.8%
        Source: SIRA #202507465 Report a problem
        2/8/2022Sold$10,500
        Source: Agent Provided Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$11,061 +1340.2%$395,700 +7.3%
        2024$768 -78.1%$368,700 +1340.2%
        2023$3,508 +9.9%$25,600 -84.2%
        2022$3,191 +4%$161,600 +9.9%
        2021$3,069 +3%$147,000 +4.3%
        2020$2,981 +6.4%$140,900 +3.2%
        2019$2,801 -5.1%$136,500 +7%
        2018$2,953 +5.9%$127,600 -5.6%
        2017$2,789 $135,200 +6.4%
        2016$2,789 +1.6%$127,100 +1.8%
        2014$2,745 +3.4%$124,900 +2.7%
        2013$2,656 +1%$121,600 -3.5%
        2012$2,630 -5.1%$126,000 -6.6%
        2011$2,771 +113.8%$134,900 +12.2%
        2010$1,296 +5.6%$120,200 +4.2%
        2009$1,227 +44.3%$115,400 +1.2%
        2007$850 -38.4%$114,000 -2.5%
        2006$1,381 $116,900

        Find assessor info on the county website

        Monthly payment

        Estimated monthly payment$1,822
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 47167

        Getting around

        55 / 100
        Somewhat Walkable
        38 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

        A local agent can set up tours, give advice and negotiate with sellers.

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