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Property profile & analytics
OFF-MARKET Estimated value $570,000
Grocery and convenience stores

1110 Mulberry St Salem, IN 47167-1500

13,790 SF 1.69 ac lot Built 1970
Entity Owned ~ Est. High Equity
Property ID
US31-1562726
Property summary
AI-generated overview

This exceptional commercial property in Salem, Indiana, presents a unique opportunity for expansion or relocation. Spanning 1.69 acres, the property boasts a substantial 14,000 square-foot building, offering significant flexibility for a variety of commercial ventures. A brand-new, 3,426 square-foot office space features six private offices, a welcoming foyer, a dedicated conference room, and ample storage. Efficient loading and unloading are facilitated by two loading docks. The property also benefits from extensive parking, accommodating over 60 vehicles or providing ample space for tractor-trailers. Security features include fencing around the parking lot and the front of the building. Recent upgrades include a new fire suppression system, a new fire alarm system, multiple new HVAC units, partial roof resealing, new commercial gutters and downspouts, a complete exterior repainting, and parking lot sealcoating (completed July 5th-9th). Utilities are provided by the City of Salem, Duke Energy, and Midwest Natural Gas. Three standards for additional parking lot lighting are in place. This property's combination of size, location, and recent improvements makes it an ideal investment for businesses seeking growth and a strategic presence in Salem.

Property profile
Verified
Property type Grocery and convenience stores
Use group GROCERY, SUPERMARKET
Year built 1970
Construction TYPE NOT SPECIFIED
Total area 13,790 SF
Lot 1.69 ac (73,616 SF)
APN 88-24-18-331-002.000-022
UPID US31-1562726
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$395k
CAP Approach CAP
by Request
Comparable Approach Comparable
$745k
Blend (final) Blend
$570k
Owner & transaction history
C & E Invstment Properties LLC
C & E Invstment Properties LLC
since 2025
4 recorded transactions
2025
Price N/A
2025
Price N/A
2022
Price N/A
2022
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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