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    21 Public Rd Salem, IN 47167

    For Sale
    $1,295,000

    Established bakery, loyal clientele, high profits.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional opportunity presents the chance to acquire a highly profitable, well-established bakery with a rich history spanning over three-quarters of a century. The Salem location of H&R Bakery, renowned for its delectable donuts and legendary brownies, is offered for sale along with its sister location, Huckleberry's in Mitchell, Indiana. This sale includes both locations, all fixtures, furniture, and equipment. The sale also encompasses the invaluable asset of an established, loyal customer base built over generations, along with the treasured, time-tested baking recipes that have made these bakeries local favorites. The Salem location sits on a 0.17-acre lot at 21 N Public, Salem, IN. The asking price for this turnkey business opportunity is $1,295,000. Significant potential exists to expand revenue streams through the addition of food service options and the rental of space for meetings or parties. Detailed information regarding the Mitchell location (MLS#2024011719) is available in a separate listing. This is a rare chance to own a piece of Southern Indiana history and a thriving, profitable business. This sale is for both locations, all equipment, and the established business as a whole. Don't miss this chance to own a legacy.

    Property Features for 21 Public Rd

    General Information

    Property type
    Investment properties
    Lot Size
    7,405 SF

    Building Details

    Year Built
    1934
    Property Profile Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Spa & Massage Building Supply Clothing Store Gym & Fitness Wholesale Shop HVAC Service Electrical Service Car Rental Veterinary Clinic Pet Grooming Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.1002
    Latitude
    38.60646

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    FAQs

    What type of property is this?
    Investment property - Established bakery, loyal clientele, high profits.
    Where is this investment property located?
    The property is located at 21 Public Rd Salem, IN.
    What is the asking price?
    The asking price for this property is $1,295,000.
    (888) 611-3912
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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.

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    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
    21 Public Rd Salem, IN 47167
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