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Multi-Use Commercial Building with Parking
For Sale
$199,900

300 W Mulberry Street, Salem, IN 47167

COMMERCIAL - Salem, IN

Property SizeContact for details
Lot Size0.61 Acres
Days on Market1117

Property Features for 300 W Mulberry Street

General Information

Property type Commercial Sale
Property subtype Other
Lot features City
Directions Hwy 56 to N Mill Street. Left on Mill St .
Subdivision Washington County
Standard status Active
APN 88-24-17-331-113.002-022
Lot size 0.61 Acres

Taxes and HOA fees

Tax Year 4045
Tax Description 13-17-331-113.002-00 PT LOT 18 30' x 176' WEST HALF MILL ST. VACATED
Tax Annual Amount 1392
Legal Description 13-17-331-113.002-00 PT LOT 18 30' x 176' WEST HALF MILL ST. VACATED

Building Details

Year built 1958
Flooring type Tile
Roof type Metal
Listing Agency: Mainstreet Realtors
Listed By: Mary McCoskey Finkle · License #RB14026176
Added: Aug 3, 2023 Changed: Aug 4 Last Checked: Aug 22 at 11:06PM
MLS# 202327587

Copyright © 2026 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.

Investment Insights

Based on property information with market context.

Multi-use commercial building with a concrete slab foundation and ample parking space. Work has been started to convert the structure into two apartments.

The building has been used for a variety of business purposes, including church, grocery store, and theater. It also includes two full restrooms, each with two stalls, and at one time featured a large kitchen associated with the church use.

This property is offered for sale and presents an opportunity for buyers to complete the conversion work based on their intended use.

Key Highlights

  • Massive commercial building with concrete slab foundation and metal roof
  • Work has been started to convert the building into two apartments
  • Previously used for multiple business types, including a church, grocery store, and theater

Property Analytics

Current Use

Family Harvest Church Church Uncharted Finds Home Decor Store

Suggested Use

Top Pick Real Estate Agency Dental Office Kitchen & Bath Showroom Electrical Service Cafe & Coffee Shop Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

540
Businesses Nearby

Demographics for 47167, IN

15,683
Population
6,547
Households
2.4
Avg Household Size
42
Median Age
14%
College-Educated
88%
High-School Grad
213.0 sq mi
ZIP Area
74
Density / Sq Mi
$57,697
Median Household Income
$38,038
Median Earnings
$726
Median Rent
$161,500
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Concrete-slab commercial building with ample parking and two full restrooms, with renovations started for two apartments.
Where is this duplex located?
The property is located at 300 W Mulberry Street 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: Massive commercial building with concrete slab foundation and metal roof; Work has been started to convert the building into two apartments; Previously used for multiple business types, including a church, grocery store, and theater
More about this property
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