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    300 W Mulberry St Salem, IN 47167

    For Sale
    $199,900

    Industrial, Vacant - Salem, IN

    Type:Industrial
    Lot size:
    0.61 Acres
    Days on Market:
    750
    Last Refresh:
    Dec 5 at 3:06 pm

    Property Features for 300 W Mulberry St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2
    Bathrooms
    2
    APN
    88-24-17-331-113.002-022
    Parking
    30
    Interior features
    Drywall, None
    Exterior features
    None
    Lot size
    0.61 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Other (Cooling)

    Building Details

    Year built
    1958
    Floors in Building
    1
    Flooring type
    Tile, Vinyl
    Building materials
    Brick
    Roof type
    Metal
    Architectural style
    Other

    Mainstreet Realtors (812) 883-9555 [email protected]

    Listing agent Mary McCoskey Finkle (812) 883-9555 License #AD51424708

    Listing date Nov 17, 2023

    MLS# 202327587 Listing URL

    Copyright © 2025 Bedford Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Building with Parking Space

    This commercial building offers a concrete slab foundation and a substantial parking area. The building's history includes use as a church, grocery store, and theater, demonstrating its adaptability. The property features two full restrooms, each equipped with two stalls. A large kitchen, previously utilized by the church, is also present. Preliminary work has commenced to create two apartments within the structure. The property is located in Salem, Indiana, specifically at 300 W Mulberry Street, within Washington County. The lot size is approximately 0.61 acres. The building could be suitable as a business location or restaurant.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Family Harvest Church Church Uncharted Finds Home Goods Store

    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
    -86.103722
    Latitude
    38.607421

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    FAQs

    What type of property is this?
    Grocery and convenience store - Versatile commercial building suitable for various business ventures.
    Where is this grocery and convenience store located?
    The property is located at 300 W Mulberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $199,900.
    What are key features of this property?
    This property features: - Large commercial building with ample parking.; - Versatile space previously used as a church, grocery store, and theater.; - Potential for conversion into two apartments (work already started).
    (812) 883-9555
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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
    300 W Mulberry St Salem, IN 47167
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