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62 Public Sq 3,032 SF Retail Building Salem, IN 47167 $417,380 CAD ($137.66 CAD/SF)
INVESTMENT HIGHLIGHTS
- Main office set up for 3 professionals and conference area also large seating and lobby area. Kitchenette and 2 half baths.
- Plenty of basement storage and off street parking
- Newly renovated 2 Bed 1 Bath apt with W/D hook up
EXECUTIVE SUMMARY
Excellent opportunity for professional office space on the busy Salem Square. Includes 1794 square feet of office space on the main floor and 1164 square feet of apartment living space on the 2nd floor with separate street access. Also 1794 sq ft of storage in the unfinished basement. Includes 13 space parking lot for off street parking in rear but plenty of parking available on the public square and side streets as well. Utilized as a busy solo practitioner law office with 2-5 staff the past 12 years. A single tenant occupied the newly renovated apartment for over 10 years ending May 2024. New metal roof and sprayed flat roof in 2014. Main office renovated in 2013 and well maintained. Must see.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
3,032 SF
Building Class
C
Year Built/Renovated
1860/2013
Price
$417,380 CAD
Price Per SF
$137.66 CAD
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.44
Lot Size
0.16 AC
Opportunity Zone
Yes
Zoning
CB - Central Business
Frontage
37’ on Public Sq
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 88-24-17-334-011.000-022 | Total Assessment | $120,423 CAD |
| Land Assessment | $52,738 CAD | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $67,685 CAD | Tax Year | 2024 Payable 2025 |
PROPERTY TAXES
Parcel Number
88-24-17-334-011.000-022
Land Assessment
$52,738 CAD
Improvements Assessment
$67,685 CAD
Total Assessment
$120,423 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024 Payable 2025
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Presented by
Daniel L Brown Law Office
62 Public Sq
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