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    OFF-MARKET
    Retail properties & Spaces

    21 Public Salem, Salem, IN 47167

    13,772 SF 0.17 ac lot Built 1934
    Property ID
    Property summary
    AI-generated overview

    This exceptional opportunity presents the chance to acquire a thriving, multi-generational bakery in Salem, Indiana. The 13,772 square foot, two-story building, constructed in 1934 and renovated in 2020, sits on a 0.17-acre lot at 21 N Public. This owner-user investment includes all fixtures, furniture, and equipment. The sale encompasses both the Salem location and a second location in Mitchell, Indiana, offering significant expansion potential. The established business boasts a loyal customer base and renowned recipes. The existing manufacturing capacity allows for expansion into additional retail locations or diversification of revenue streams through food service or event space rentals. The asking price is $1,495,000. This is a single-tenancy property with a rich history and bright future. The property is located in Washington County, Indiana, zip code 47167. This turnkey operation offers a unique blend of established success and significant growth opportunities.

    Property profile
    Verified
    Property type Retail properties & Spaces
    Year built 1934
    Total area 13,772 SF
    Lot 0.17 ac (7,405 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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