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300 W Mulberry St Salem, IN 47167
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300 W Mulberry St Salem, IN 47167


  • Commercial real estate
  • 10,246 SF
  • 0.61 lot acres
Commercial Building with Parking Space For Sale
$199,900
0.61 Acres

Commercial Building with Parking Space

Versatile commercial building suitable for various business ventures.

300 W Mulberry Street, Salem, IN 47167
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Property ID
US31-2207071
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

  • Family Harvest Church / Church
  • Uncharted Finds / Home Decor Store / Department Store

Property Details for 300 W Mulberry St

Year built
1958
Construction
TYPE NOT SPECIFIED
Lot size
0.61 lot acres
Property size
10,246 SF
Property type
Commercial real estate
APN
88-24-17-331-113.002-022
APU
882417331113002022

Description

This expansive 10,246 square foot commercial building, situated on a 0.61-acre lot at 300 W Mulberry Street in Salem, Indiana, presents a unique investment opportunity. The property boasts a solid concrete slab foundation and offers significant potential for a variety of commercial uses. Its history is rich and varied, having previously served as a church, grocery store, and theater, demonstrating its adaptability to diverse business needs. The building currently features two full restrooms, each with two stalls, providing ample facilities for customers and employees. Furthermore, remnants of a large kitchen, previously utilized by the church, remain, suggesting potential for a food service establishment. The substantial parking area surrounding the building ensures convenient access for patrons and staff. Partial conversion work has already begun to create two apartments, offering additional income potential or the possibility of owner-occupied space. This versatile property is ideally suited for a wide range of businesses seeking a prominent location in Salem, Indiana. The building's size, ample parking, and flexible layout make it an attractive proposition for entrepreneurs and investors alike. This is a rare opportunity to acquire a substantial commercial property in a desirable location.


Value Estimations

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Location Insight

  • Map
  • Local Demand
City
Salem
County
Washington
State
Indiana
Longitude
-86.1036
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
$1,383
$18,500
$27,600
$46,100
-
$18,500
$27,600
$46,100
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