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Property profile & analytics
OFF-MARKET
Retail space

1012 Hackberry St Salem, IN 47167-9601

3,632 SF 1.14 ac lot Built 1947
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US31-0908289
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1947
Construction WOOD
Total area 3,632 SF
Lot 1.14 ac (49,702 SF)
APN 88-24-17-114-003.000-022
UPID US31-0908289
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • WeaponsPro, L.L.C. Gun Shop
  • SMR GOOD BBQERS Gun Shop Bbq Area
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
Labet Enterprises LLC · 7 yrs held
Labet Enterprises LLC
since 2018
2 recorded transactions
2018
$338,850
2009
$19,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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