Estimated payment $816/month
About This Lot
What a great opportunity! Prime commercial location in the heart of Salem, right on the main strip! Perfect location for your new business! Endless Opportunities for this property! Property will be surveyed to divide. Owners are selling 1 acre +/-. Taxes will be determined once property has been divided. Call to schedule your showing today.
Property Details
Property Type
- Land
Est. Annual Taxes
- $11,061
Lot Details
- 1 Acre Lot
- Wooded Lot
- Property is zoned Commercial
Listing and Financial Details
- Assessor Parcel Number 0220199320
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $11,061 | $368,700 | $189,600 | $179,100 |
| 2023 | $768 | $25,600 | $25,600 | $0 |
| 2022 | $3,508 | $161,600 | $31,900 | $129,700 |
| 2021 | $3,191 | $147,000 | $31,900 | $115,100 |
| 2020 | $3,069 | $140,900 | $31,900 | $109,000 |
| 2019 | $2,981 | $136,500 | $31,900 | $104,600 |
| 2018 | $2,801 | $127,600 | $31,900 | $95,700 |
| 2017 | $2,953 | $135,200 | $31,900 | $103,300 |
| 2016 | $2,789 | $127,100 | $31,900 | $95,200 |
| 2014 | $2,745 | $124,900 | $28,900 | $96,000 |
| 2013 | $2,656 | $121,600 | $31,900 | $89,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/01/2025 10/01/25 | Price Changed | $130,000 | -27.7% | -- |
| 08/11/2025 08/11/25 | Price Changed | $179,900 | -10.0% | -- |
| 04/23/2025 04/23/25 | For Sale | $199,900 | -- | -- |
Source: Southern Indiana REALTORS® Association
MLS Number: 202507465
APN: 88-24-20-224-006.000-022
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