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    1110 W Mulberry St Salem, IN 47167
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    Property profile & analytics

    1110 W Mulberry St, Salem, IN 47167

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    • Grocery and convenience stores
    • 13,790 SF
    • 1.69 lot acres
    Versatile Commercial Property on Large Lot For Sale
    $850,000
    14,000 SF

    Versatile Commercial Property on Large Lot

    Large commercial property with flexible space and ample parking.

    1110 W Mulberry Street, Salem, IN 47167
    View Listing
    Property ID
    US31-1562726
    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.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Grocery and convenience stores

    Property Details for 1110 W Mulberry St

    Year built
    1970
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.69 lot acres
    Property type
    Grocery and convenience stores
    APN
    88-24-18-331-002.000-022
    APU
    882418331002000022

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      ML approach
      $395,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $744,000
      Market price range: $665k - $2.51M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.1156
    Latitude
    38.6089
    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
    $8,826
    $84,700
    $209,500
    $294,200
    -
    $84,700
    $209,500
    $294,200
    View Listing
    More about this property
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