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    1110 Mulberry St Salem, IN 47167

    For Sale
    $850,000

    1.69 Acres, 14,000+ SF, High Visibility

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    309
    This exceptional commercial property in Salem, Indiana, presents a unique opportunity for expansion or relocation. Spanning 1.69 acres, the property boasts a substantial 14,000 square-foot building, offering significant flexibility for a variety of commercial ventures. A brand-new, 3,426 square-foot office space features six private offices, a welcoming foyer, a dedicated conference room, and ample storage. Efficient loading and unloading are facilitated by two loading docks. The property also benefits from extensive parking, accommodating over 60 vehicles or providing ample space for tractor-trailers. Security features include fencing around the parking lot and the front of the building. Recent upgrades include a new fire suppression system, a new fire alarm system, multiple new HVAC units, partial roof resealing, new commercial gutters and downspouts, a complete exterior repainting, and parking lot sealcoating (completed July 5th-9th). Utilities are provided by the City of Salem, Duke Energy, and Midwest Natural Gas. Three standards for additional parking lot lighting are in place. This property's combination of size, location, and recent improvements makes it an ideal investment for businesses seeking growth and a strategic presence in Salem.

    Property Features for 1110 Mulberry St

    General Information

    Property type
    Investment properties
    Lot Size
    73,616 SF

    Building Details

    Year Built
    1970
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.11563
    Latitude
    38.60863

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    FAQs

    What type of property is this?
    Investment property - 1.69 Acres, 14,000+ SF, High Visibility
    Where is this investment property located?
    The property is located at 1110 Mulberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    (812) 883-5112
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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
    1110 Mulberry St Salem, IN 47167
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