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    Property profile & analytics

    1012 Hackberry St Salem, IN 47167

    • Retail space
    • 3,632 SF
    • 1.14 lot acres
    For Sale
    View listing
    $480,000
    Value Estimation
    Location Intelligence
    Property ID
    US31-0908289
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • WeaponsPro, L.L.C. / Gun Shop
    • SMR GOOD BBQERS / Gun Shop / Bbq Area

    Property Details for 1012 Hackberry St

    Year built
    1947
    Construction
    WOOD
    Lot size
    1.14 lot acres
    Property size
    3,632 SF
    Property type
    Retail space
    APN
    88-24-17-114-003.000-022
    APU
    882417114003000022

    Description

    This exceptional retail property, located at 1012 E Hackberry Street in Salem, Indiana, presents a compelling investment opportunity. Situated on a sizable 1.14-acre lot, the building boasts 3548 square feet of space and ample parking, ensuring convenient access for customers. Its prime location in a high-traffic area of Salem guarantees maximum exposure for any business. The property benefits from its proximity to local amenities, making it an attractive destination for both businesses and customers. The building's previous use included a restaurant, and a suppression system remains in place, offering potential for a variety of food service businesses. The property is being sold as-is. Please note that certain items, including a shed, television, mount, and window security bars, are not included in the sale. A GIS map detailing the lot's precise shape is available in the addendum. This is a rare chance to acquire a substantial retail space in a thriving area of Salem, offering significant potential for growth and return on investment. The property's size, location, and existing infrastructure make it an ideal choice for a wide range of commercial ventures. Don't miss this opportunity to secure a valuable asset in a desirable market.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $290,000

    • CAP approach

      CAP return
      Estimation
      6%
      $255,000
      6.5%
      $240,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $280,000
      Geo Method
      $230,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $230,000
      Retail
      $285,000
      Mixed-Use
      $240,000
      Hospitality
      $260,000
      Educational
      $250,000
      Residential Income
      $210,000
      Energy
      $220,000
      Income-Based Land
      $240,000
      Food Service
      $270,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.0899
    Latitude
    38.6124
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $6,036
    $145,600
    $55,600
    $201,200
    -
    $145,600
    $55,600
    $201,200

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      6049 Washington School Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,360 SF
      6049 Washington School Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      1,100 SF

      101 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      101 Jackson St, Salem, IN 47167-1031
      View Details
    • Value Estimation
      $435,000
      2,205 SF

      Ss Sd S Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 2,205 SF
      Ss Sd S Jackson St, Salem, IN 47167
      View Details
    • Value Estimation
      $485,000
      6,980 SF

      811 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,980 SF
      811 Main St, Salem, IN 47167-1043
      View Details
    • Value Estimation
      $440,000
      6,000 SF

      400 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      400 Main St, Salem, IN 47167-1324
      View Details
    • Value Estimation
      $500,000
      9,301 SF

      1100 Mulberry St

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      1100 Mulberry St, Salem, IN 47167-1530
      View Details

    Similar Nearby for Sale

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      High-Traffic Salem Retail Building

      Prime Salem location, 3548 sq ft, 1.14 acres.
      1012 Hackberry St, Salem, IN 47167
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    1012 Hackberry 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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