$225,000

107 W Salem Avenue, Indianola IA, 50125

Price per sqft$33.89

Built in1890

Property size6,640 sqft

Property typeCommercial

Overview

Active

Listed Apr 22, 2025

Updated Sep 2

This is a rare opportunity to acquire a mixed-use property on the popular Indianola Square! With 7,445 sq. ft of Commercial use and 2 Residential units comprised of a studio apt. & a good-sized 2 bedroom apt., this property would be a valuable addition to your investment portfolio. The Commercial portion has separate H20, gas & electric. It offers (3) 1/2 baths and (1) 3/4 baths & an office. There is enough space to personalize or add more rental opportunities with a back door to the alley. Residential is all electric with window air conditioning and convenient, shared Laundry. Both units offers 1 full bath each. Sooo many options with this property!

Additional information

MLS^® ID: 701231

Interior Features

Bedrooms: 0
Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.13 Acres

Other Property Details

Taxes: $5,986
Tax Frequency: Annually

Courtesy of Iowa Realty South, Brady Jackson,
Listing Contact: 515-453-6732

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Slavin & Partners shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.