Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    1422 Mulberry St Salem, IN 47167-9451

    • Retail space
    • 2,128 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Oct 25, 2021
    Location Intelligence
    Property ID
    US31-1486675
    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.

    Current Use by Public Records

    • Richardson's Heating & Air, Inc. / Hvac Contractor

    Property Details for 1422 Mulberry St

    Year built
    1956
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.43 lot acres
    Property size
    2,128 SF
    Property type
    Retail space
    APN
    88-23-13-000-060.000-022
    APU
    882313000060000022

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.123
    Latitude
    38.6074
    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
    $2,040
    $21,500
    $46,500
    $68,000
    -
    $21,500
    $46,500
    $68,000

    Comparable in this City

    • Value Estimation by Request
      1,360 SF

      6049 Washington School Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,360 SF
      6049 Washington School Rd, Salem, IN 47167
      View Details
    • Value Estimation by Request
      1,100 SF

      101 Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 1,100 SF
      101 Jackson St, Salem, IN 47167-1031
      View Details
    • Value Estimation
      $435,000
      2,205 SF

      Ss Sd S Jackson St

      RETAIL STORES (PERSONAL SERVICES) • 2,205 SF
      Ss Sd S Jackson St, Salem, IN 47167
      View Details
    • Value Estimation
      $485,000
      6,980 SF

      811 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,980 SF
      811 Main St, Salem, IN 47167-1043
      View Details
    • Value Estimation
      $440,000
      6,000 SF

      400 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      400 Main St, Salem, IN 47167-1324
      View Details
    • Value Estimation
      $500,000
      9,301 SF

      1100 Mulberry St

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      1100 Mulberry St, Salem, IN 47167-1530
      View Details

    Similar Nearby for Sale

    • $199,900
      0.61 Acres

      Commercial Building with Parking Space

      Versatile commercial building suitable for various business ventures.
      300 W Mulberry St, Salem, IN 47167
      View Details
    • $339,000

      Downtown Salem Commercial Building For Sale

      Well-maintained commercial building with storefronts, office space, and parking.
      18 Public Sq, Salem, IN 47167
      View Details
    • $199,900
      0.86 Acres

      Prime Salem Retail Space - High Visibility

      Large commercial property, multiple buildings, high traffic area.
      206 Walnut St, Salem, IN 47167
      View Details
    • $480,000

      High-Traffic Salem Retail Building

      Prime Salem location, 3548 sq ft, 1.14 acres.
      1012 Hackberry St, Salem, IN 47167
      View Details
    • $120,000
      2,138 SF

      High-Traffic Salem Retail Space

      Prime commercial space, high visibility, excellent location.
      1408 Mulberry St, Salem, IN 47167
      View Details
    • $199,000
      10,246 SF

      Prime Salem Commercial Building

      Spacious building, ample parking, great location.
      300 Mulberry St, Salem, IN 47167
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1422 Mulberry St
    Salem, IN 47167-9451
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.