Search
Duplex Building With Two-Apartment Conversion
For Sale
$199,900

300 W Mulberry Street, Salem, IN 47167

Commercial, Salem, IN

Property Size10,246 SF
Lot Size0.61 Acres
Price / SF$19.51
Days on Market95

Property Features for 300 W Mulberry Street

General Information

Property type Commercial Sale
Property subtype Other
Parking 30
Directions Hwy 56 to N Mill Street. Left on Mill St .
Standard status Active
APN 882417331113002022
Size 10,246 SF
Lot size 0.61 Acres

Taxes and HOA fees

Tax Year 4051
Tax Description 13-17-331-113.002-00 PT LOT 18 30' X 176' WEST HALF MILL ST. VACATED
Tax Annual Amount 1416
Legal Description 13-17-331-113.002-00 PT LOT 18 30' X 176' WEST HALF MILL ST. VACATED

Building Details

Year built 1958
Listing Agency: Mainstreet REALTORS
Listed By: Mary McCoskey Finkle · License #RB14026176
Added: May 20 Changed: Aug 19 Last Checked: Aug 22 at 10:06PM
MLS# 202608494

Copyright © 2026 Southern Indiana REALTORS Association. 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.

Duplex building with a concrete slab foundation and work started to make two apartments. The property was previously used in multiple commercial and community formats, including a church, grocery store, and theater. A kitchen was used by the church at one time.

The building includes 2 full restrooms with 2 stalls each. Additional parking is available on-site. The property is located at 300 W Mulberry Street in Salem, Indiana 47167, in Washington County.

Built in 1958, the site totals 0.61 acres and the building size is 10,246 SF.

Key Highlights

  • Work started to convert the building into two apartments
  • Concrete slab foundation
  • 2 full restrooms with 2 stalls each

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.

Lease Details

2
Residential units

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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Duplex - Conversion work is started to create two apartments in a concrete-slab duplex building with multiple full restrooms.
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: Work started to convert the building into two apartments; Concrete slab foundation; 2 full restrooms with 2 stalls each
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message