$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 35h ago

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 Jill Budden shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.