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    301 Mulberry St Salem, IN 47167

    For Sale
    $199,900

    10,000+ sq ft warehouse, flexible use

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This expansive 10,000+ square foot building in Salem, Indiana, presents a unique investment opportunity. Rich in history, it previously served as a popular bowling alley in the 1950s and beyond, later repurposed as a warehouse. The property offers significant versatility, suitable for a variety of uses. Imagine transforming this space into a bustling flea market, a large-scale storage facility, or even a unique entertainment venue – the possibilities are endless. The building features two distinct areas, providing flexibility for different operations or tenants. Convenient access for larger items is facilitated by a garage door and ramp located on the building's left side. The property's prime location in Salem adds to its appeal. Currently, the property is designated as being within a flood plain

    Property Features for 301 Mulberry St

    General Information

    Property type
    Other commercial real estate

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Durbin's Carpet Rug 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
    -86.12417
    Latitude
    38.60452

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    FAQs

    What type of property is this?
    Commercial real estate - 10,000+ sq ft warehouse, flexible use
    Where is this commercial real estate located?
    The property is located at 301 Mulberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $199,900.
    (812) 620-1966
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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
    301 Mulberry St Salem, IN 47167
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