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    1408 Mulberry St Salem, IN 47167

    For Sale
    $120,000

    Prime commercial space, high visibility, excellent location.

    Property size:
    2,138 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This 2,138 square foot retail property, located at 1408 W Mulberry Street in Salem, Indiana, presents a fantastic opportunity for a variety of businesses. Situated on a 0.2-acre lot, this building boasts high visibility due to its location on a high-traffic road. The property features two convenient front entrances and a large glass storefront, maximizing natural light and creating an inviting atmosphere for customers. The versatile space is ideal for a range of retail uses, including but not limited to a barbershop, salon, tattoo shop, thrift store, or vape shop. The asking price is $120,000, and the property is available for both sale and lease. This is a rare opportunity to acquire a well-positioned commercial space in a thriving area. The building's prominent location and attractive features make it an excellent investment for any entrepreneur looking to establish or expand their business. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. The property is ready for immediate occupancy.

    Property Features for 1408 Mulberry St

    General Information

    Property type
    Retail properties
    Square Feet
    2,138 SF
    Lot Size
    8,712 SF

    Building Details

    Year Built
    1950
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.12128
    Latitude
    38.60814

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    FAQs

    What type of property is this?
    Retail property - Prime commercial space, high visibility, excellent location.
    Where is this retail property located?
    The property is located at 1408 Mulberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $120,000.
    (812) 570-0013
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    Salem, IN 47167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1408 Mulberry St Salem, IN 47167
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