1408 Mulberry St Salem, IN 47167-9434
This 2,138 square foot retail property, located at 1408 W Mulberry Street in Salem, Indiana, presents a fantastic opportunity for a variety of businesses. Situated on a 0.2-acre lot, this building boasts high visibility due to its location on a high-traffic road. The property features two convenient front entrances and a large glass storefront, maximizing natural light and creating an inviting atmosphere for customers. The versatile space is ideal for a range of retail uses, including but not limited to a barbershop, salon, tattoo shop, thrift store, or vape shop. The asking price is $120,000, and the property is available for both sale and lease. This is a rare opportunity to acquire a well-positioned commercial space in a thriving area. The building's prominent location and attractive features make it an excellent investment for any entrepreneur looking to establish or expand their business. Serious inquiries are encouraged to schedule a viewing and explore the possibilities this property offers. The property is ready for immediate occupancy.
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.