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Mulberry St Salem, IN 47167

  • Commercial real estate
  • 0.61 lot acres
OFF-MARKET
Value Estimation
Location Intelligence

Current Use by Public Records

  • Commercial real estate

Property Details for Mulberry St

Year built
1958
Lot size
0.61 lot acres
Property type
Commercial real estate

Description

This expansive commercial building, situated on a 0.61-acre lot on Mulberry Street in Salem, Indiana, presents a unique investment opportunity. The property boasts a substantial amount of parking, a significant advantage for any business. The building itself features a durable concrete slab foundation and offers considerable versatility, having previously served as a church, grocery store, and theater. This adaptability makes it suitable for a wide range of commercial uses, including restaurants. The interior includes two full restrooms, each with two stalls, providing ample facilities for customers and employees. A substantial kitchen area, a remnant from its past use as a church, offers potential for food service operations or could be easily adapted to other needs. While initial work has begun on converting portions of the building into two apartments, the property remains largely adaptable to the buyer's specific vision. The building's history demonstrates its resilience and suitability for various commercial ventures. Its prime location and ample parking make it an attractive proposition for entrepreneurs seeking a well-established space with significant potential. The asking price is $199,900. Serious inquiries are encouraged.

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
-86.1005
Latitude
38.6077
More about this property
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