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.
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
- 80 days |
- 38 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Kelsey Dawson,
Dawson Real Estate, LLC
Source: SIRA,MLS#: 202607504
Originating 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
| Date | Event | Price |
|---|---|---|
| 4/16/2026 | Listed for sale | $120,000-7.7% |
Source: | ||
| 4/16/2026 | Listing removed | $130,000 |
Source: | ||
| 10/1/2025 | Price change | $130,000-27.7% |
Source: | ||
| 8/11/2025 | Price change | $179,900-10% |
Source: | ||
| 4/23/2025 | Listed for sale | $199,900+1803.8% |
Source: | ||
| 2/8/2022 | Sold | $10,500 |
Source: Agent Provided Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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
Nearby schools
GreatSchools rating
- 7/10Bradie M Shrum Lower ElementaryGrades: PK-5Distance: 1.3 mi
- 7/10Salem Middle SchoolGrades: 6-8Distance: 1.1 mi
- 4/10Salem High SchoolGrades: 9-12Distance: 1 mi
A local agent can set up tours, give advice and negotiate with sellers.
- Indiana
- Washington County
- Salem
- 47167
- 701 S Main Street




