1000 Market St Salem, IN 47167-1440
This exceptional 1,440 square foot property located at 1000 W Market Street, Salem, Indiana, presents a unique investment opportunity. Situated on a generous 4.53-acre lot, the property boasts a substantial 54x48 foot garage, ideal for various commercial uses. The garage features two 12-foot roll-up doors, providing convenient access for large vehicles or equipment, and a single service door for added functionality. Inside, you'll find a well-insulated structure, ensuring comfortable year-round use. Above the garage is a 12x32 foot office space, offering valuable administrative or meeting space. Utilities are readily available, including electricity and water, with natural gas also accessible. The property's flat to gently rolling terrain offers excellent building sites, complemented by ample road frontage and extensive parking areas. This versatile property is perfect for a range of businesses seeking a combination of workshop space, office accommodations, and substantial land for expansion or future development. Its strategic location in Salem, Indiana, provides easy access to transportation routes and local amenities. The combination of size, features, and location makes this an attractive proposition for discerning buyers. Don't miss this chance to acquire a property with significant potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.