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    1012 Hackberry St Salem, IN 47167

    For Sale
    $480,000

    Prime Salem location, 3548 sq ft, 1.14 acres.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional retail property, located at 1012 E Hackberry Street in Salem, Indiana, presents a compelling investment opportunity. Situated on a sizable 1.14-acre lot, the building boasts 3548 square feet of space and ample parking, ensuring convenient access for customers. Its prime location in a high-traffic area of Salem guarantees maximum exposure for any business. The property benefits from its proximity to local amenities, making it an attractive destination for both businesses and customers. The building's previous use included a restaurant, and a suppression system remains in place, offering potential for a variety of food service businesses. The property is being sold as-is. Please note that certain items, including a shed, television, mount, and window security bars, are not included in the sale. A GIS map detailing the lot's precise shape is available in the addendum. This is a rare chance to acquire a substantial retail space in a thriving area of Salem, offering significant potential for growth and return on investment. The property's size, location, and existing infrastructure make it an ideal choice for a wide range of commercial ventures. Don't miss this opportunity to secure a valuable asset in a desirable market.

    Property Features for 1012 Hackberry St

    General Information

    Property type
    Retail properties
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    WeaponsPro, L.L.C. Gun Shop SMR GOOD BBQERS Bbq Area

    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
    -86.09022
    Latitude
    38.61206

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    FAQs

    What type of property is this?
    Retail property - Prime Salem location, 3548 sq ft, 1.14 acres.
    Where is this retail property located?
    The property is located at 1012 Hackberry St Salem, IN.
    What is the asking price?
    The asking price for this property is $480,000.
    (812) 620-1966
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    1012 Hackberry St Salem, IN 47167
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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
    1012 Hackberry St Salem, IN 47167
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