Property profile

21 Public Salem Salem, IN 47167

OFF-MARKET
Retail properties & Spaces
13,772 SF 0.17 ac lot Built 1934
Saved · see the list in your Dashboard

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

Location

21 Public Salem Salem, IN 47167
Salem metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 21 Public Salem?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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