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Mixed-Use Multifamily Building

300 W Mulberry Street Salem, IN 47167

Claim this Listing
For Sale
$199,900

COMMERCIAL - Salem, IN

Property size:
10,246 SF
Lot size:
0.61 Acres
Price / SF:
$19/SF
Added:
May 20, 2026
Days on Market:
54
Last Refresh:
Jul 12 at 1:06 pm

Property Features for 300 W Mulberry Street

General Information

Property type
Commercial Sale
Property subtype
Other
Parking
30
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

Building Details

Year built
1958

Listing agent Mary McCoskey Finkle License #RB14026176

Listing office Mainstreet REALTORS 304 N Main St., Salem, IN

Listing date May 20, 2026

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.

This large commercial/multifamily building sits on a concrete slab foundation and includes substantial parking. The work has been started to convert the building into two apartments, offering an opportunity for a renovation-complete finish. The structure includes two full restrooms with two stalls each.

The building has previously been used for a variety of business and community uses, including a church, grocery store, and theater. Public remarks also note a large kitchen that had been used in connection with the church.

With conversion underway and multiple restroom facilities already in place, the property may be suited to a buyer looking to finalize a two-apartment layout while retaining the building’s broader, previously commercial footprint.

Key Highlights

  • Massive commercial building with ample parking space.
  • Versatile building previously used as a church, grocery store, and theater.
  • Potential for conversion into two apartments (work already started).

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Family Harvest Church Church Uncharted Finds Home Decor Store

Suggested Use

Real Estate Agency Dental Office Kitchen & Bath Showroom Electrical Service Cafe & Coffee Shop Big Box & Wholesale Store Plumbing Service Computer & Electronic Repair (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

FAQs

What type of property is this?
Duplex - Large multifamily building with concrete slab foundation and begun conversion to two apartments, plus parking and two full restroom suites.
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 ample parking space.; Versatile building previously used as a church, grocery store, and theater.; Potential for conversion into two apartments (work already started).
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More about this property
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