Pat Beck

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107 W Salem AvenueIndianola, IA 50125

Commercial · 6,640 Sq. ft. | 0.13 Acres
$235,000 Active

107 W Salem Avenue Overview

Time on Site:
679 days
Visits:
1,334

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!

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107 W Salem Avenue Facts & Features

  • Type Commercial
  • Sq. ft. 6,640
  • Price/Sq.ft. $35
  • Lot 0.13 Acres

Details

General

Association/HOA

  • Association: false

School Information

  • School District: Indianola

Building Information

  • Year Built: 1890

Location/Region

  • County Or Parish: Warren
  • MLS Area Major: Indianola
  • Postal City: Indianola

Rent/Lease Information

  • Lease Considered: false

Tax Information

  • Tax Annual Amount: 5986.4
  • Tax Year: 2024

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: 48020170030
  • Property Type: Commercial Sale
  • Zoning: C MR

Interior

Beds/Baths

  • Bathrooms Full: 0
  • Bathrooms Half: 0
  • Bathrooms Three Quarter: 0
  • Bathrooms Total: 0
  • Bedrooms Total: 0

Building Interior

  • Building Area Total: 6640.0

General Information

  • Foundation Details: Block

Exterior

Lot Information

  • Lot Size Acres: 0.13
  • Lot Size Area: 0.13
  • Lot Size Dimensions: 39X150
  • Lot Size Square Feet: 5850.0
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt
  • Water Source: Public

Building Exterior/Construction

  • Construction Materials: Brick,Block
  • Roof: Rubber

General Information

  • Sewer: Public Sewer

107 W Salem Avenue Neighborhood

Community

50125 (Indianola) Demographics

38
Median Age
124
Population Density (per sq. mile)
42%
College Educated
$71,395
Estimated Median Income
5,495
Estimated Total Home Owners
2,127
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

107 W Salem Avenue Monthly Cost

$
$ %
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$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

107 W Salem Avenue Market Data

Based on the last 30 days in this zip code

$394,125
Average List Price
$237
Average Price per Square Foot
33
Properties Sold
118
Average Days on Market
120
Properties for Sale
Calculations provided by Reliance Network

107 W Salem Avenue History

Date Event Value Agent
6/24/2026Source: Des Moines Area Price Reduction
$235,000 -6.0%
Brady Jackson
Listing Agent
3/11/2026Source: Des Moines Area Price Reduction
$250,000 -5.7%
Brady Jackson
Listing Agent
1/16/2026Source: Des Moines Area Price Reduction
$265,000 -3.6%
Brady Jackson
Listing Agent
11/5/2025Source: Des Moines Area Price Reduction
$275,000 -5.1%
Brady Jackson
Listing Agent
9/22/2025Source: Des Moines Area Price Reduction
$289,900 -3.3%
Brady Jackson
Listing Agent
7/1/2025Source: Des Moines Area Price Reduction
$299,900 -2.5%
Brady Jackson
Listing Agent
5/28/2025Source: Des Moines Area Price Reduction
$307,500 -2.4%
Brady Jackson
Listing Agent
4/22/2025Source: Des Moines Area Status Change
Active
Brady Jackson
Listing Agent
3/6/2025Source: Des Moines Area Status Change
Pending
Brady Jackson
Listing Agent
8/19/2024Source: Des Moines Area Added to Database
August 19, 2024
Brady Jackson
Listing Agent
Listing provided courtesy of Iowa Realty South- MLS# 701231MLS ProviderContact Information: 515-453-6732