407 N Main Street, Salem, IN 47167

$189,900 Asking Price

4 beds
1 bath
2,189  sqft
Built in 1940

What a great LOCATION!! FANTASTIC BUSINESS OPPORTUNITY!! Great commercial building or residential home with CHARACTER on the HISTORIC North Main Street. This is the former James L. Tucker house with lots of history, original HARDWOOD FLOORS, NATURAL WOODWORK THROUGHOUT, The house on the property is currently being utilized as a successful Airbnb. Also, in the rear there is a carriage house, now converted into 2 efficiency rental apartments for additional income. Updated wiring a few years ago, Boiler in cellar is 17 yrs. old, tankless water heater, replacement windows throughout downstairs (except sunroom). 8 parking spaces in the rear and street parking out front. This property is crossed listed, MLS # 2024011907.

Features & Amenities

Interior

General:
Attic,Ceiling Fan(s),Separate/Formal Dining Room,Entrance Foyer,Eat-in Kitchen,In-Law Floorplan,Main Level Primary,Mud Room,Utility Room,Natural Woodwork
Appliances:
Dishwasher,Oven,Range,Refrigerator
Laundry:
Main Level,Laundry Room
Basement:
Crawl Space
A/C:
true, Window Unit(s),WallWindow Unit(s)
Heating:
true, Forced Air,Hot Water

Exterior

General:
Paved Driveway,Patio, Shed(s)
Style:
One and One Half Story
Other Structures:
Shed(s)

Construction

Roofing:
Metal
General:
Vinyl Siding,Frame, One and One Half, Stone,Cellar

Location

Road/Access:
Paved
Originating MLS:
SIRA
County:
Washington

Lot

Zoning:
Commercial, O.P. N PT LOT 46, 0220066017

Utilities

Utilities:
Sewer Available
Water:
Connected,Public

Financial

Source:
SIRA

This listing courtesy of:
Mainstreet REALTORS

About Salem, IN

Housing

Number of Units
6,526
Median Home Value
$126,433
Median Rent
$365

22.05% of housing units are renter occupied.

8.72% are vacant.

Commute

Car
83.90%
Public Transportation
0.30%
Walk to Work
1.78%
Work from Home
13.59%
Other
0.20%

The median travel time to work is 26 minutes.

People

Population
15,165
Median Age
41.10
Median Household Size
2.54

Education

High School
43.82%
Associate’s Degree
8.68%
Bachelor’s Degree
9.99%
Graduate Degree
3.79%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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