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    Coral St Salem, IN 47167

    • Land
    • 1.16 lot acres
    For Sale
    View listing
    $650,000
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Coral St

    Lot size
    1.16 lot acres
    Property type
    Land

    Description

    This exceptional 1.16-acre commercial land parcel, located in Salem, Indiana, presents a unique investment opportunity. Priced at $650,000, this property is ideally suited for a variety of commercial ventures, including quick-service restaurants (QSRs), single retail establishments, or coffee shops. The property's zoning is designated as Commercial, ensuring flexibility for diverse development plans. The lot size provides ample space for construction and potential expansion. The sale includes three parcels, with APN numbers 88-24-16-221-005.000-022, 88-24-16-222-001.001-022, and 88-24-16-221-004.000-022. Situated on Coral Street in Washington County, Indiana, with a zip code of 47167, this location offers excellent visibility and accessibility. The geographic coordinates are 38.6161922 latitude and -86.0839556 longitude. This property represents a compelling opportunity for investors seeking a strategically located commercial site with significant development potential in a thriving Indiana community. Don't miss this chance to acquire a prime piece of commercial real estate in Salem.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.084
    Latitude
    38.6162

    Comparable in this City

    • Value Estimation by Request

      Coral St

      Land
      0 Coral St, Salem, IN 47167
      View Details
    • Value Estimation by Request
      86.00 Acres

      86 +/- Acres Rush Crk Vly

      Land • 86.00 Acres
      86 +/- Acres Rush Crk Vly, Salem, IN 47167
      View Details
    • Value Estimation by Request
      21.29 Acres

      135 Salem Ave

      Land • 21.29 Acres
      135 Salem Ave, Salem, IN 47167
      View Details
    • Value Estimation by Request
      0.04 Acres

      Side Of Skylight Rd

      INDUSTRIAL - VACANT LAND • 0.04 Acres
      Side Of Skylight Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      0.05 Acres

      62 Ee Aly

      VACANT COMMERCIAL LAND • 0.05 Acres
      62 Ee Aly, Salem, IN 47167
      View Details
    • Value Estimation by Request
      0.75 Acres

      Ns W Market St Sws Rr 345th 177

      VACANT COMMERCIAL LAND • 0.75 Acres
      Ns W Market St Sws Rr 345th 177, Salem, IN 47167
      View Details

    Similar Nearby for Sale

    • $650,000
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      Salem Commercial Land - $650K

      Prime 1.16-acre commercial lot in Salem, IN.
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      Salem Land with Rolling Hills

      11.52 acre property with potential for residential or recreational use.
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    Coral St
    Salem, IN 47167
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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