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    Mulberry St Salem, IN 47167

    For Sale
    $180,000

    High-traffic I-1 zoned lot, 2.46 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    314
    This exceptional 2.46-acre commercial property presents a unique investment opportunity in Salem, Indiana. Ideally situated on West State Road 56 (W. Mulberry Street), this I-1 zoned lot boasts significant daily traffic volume, enhanced by recent highway construction improvements. The property's high visibility and convenient location make it an attractive site for a wide range of businesses. The land itself is remarkably level, offering approximately 200 feet of frontage along the state highway. All city utilities are readily available, simplifying development and reducing infrastructure costs. This expansive lot provides ample space for construction, expansion, or redevelopment, catering to diverse business needs. The I-1 zoning allows for a variety of commercial uses, making it a versatile option for entrepreneurs and investors alike. This prime location, combined with its accessibility and infrastructure, positions this property for immediate success. Don't miss this chance to secure a highly visible and strategically located commercial parcel in a growing area. The asking price is $180,000.

    Property Features for Mulberry St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    107,158 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.10146
    Latitude
    38.60775

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic I-1 zoned lot, 2.46 acres.
    Where is this commercial real estate located?
    The property is located at Mulberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $180,000.
    (812) 883-5112
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    Mulberry St 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
    Mulberry St Salem, IN 47167
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