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Property profile & analytics
OFF-MARKET
Retail space

1408 Mulberry St Salem, IN 47167-9434

1,280 SF 0.2 ac lot Built 1950
Individually Owned ~ Est. High Equity
Property ID
US31-3307151
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1950
Construction TYPE NOT SPECIFIED
Total area 1,280 SF
Lot 0.2 ac (8,712 SF)
APN 88-24-18-332-006.000-022
UPID US31-3307151
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Steven Stewart
Steven Stewart
since 2026
4 recorded transactions
2026
Price N/A
2024
Price N/A
2021
$56,500
2020
$40,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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