501 E Market St Salem, IN 47167
Property profile & analytics
501 E Market St Salem, IN 47167
- Manufacturing properties
- 60,000 SF
- 0.99 lot acres
Property ID
US31-1337583
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.
Location Intelligence
Current Use by Public Records
- Law Office of Brock A Dawson / Law Firm
- Pig Miracle / Take-out & Catering / Catering Service
- Cornerstone Family Farms / Food Processing Plant
- Etc Environmental Teen Concepts / Environmental Consultant
- Dawson Real Estate / Real Estate Agency
Property Details for 501 E Market St
- Year built
- 1961
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.99 lot acres
- Property size
- 60,000 SF
- Property type
- Manufacturing properties
- APN
- 88-24-17-443-002.000-022
- APU
- 882417443002000022
Description
This expansive Salem, Indiana industrial property, located just blocks from the town square, presents a unique investment opportunity. Boasting 22 acres of land, the property encompasses a substantial 71,102 square feet of versatile space, currently leased to multiple businesses. The existing structure includes over 175,000 square feet of warehouse space and 5,500 square feet of finished office space, with additional office space within the warehouse areas. Access is convenient via three city streets. The property is equipped with robust infrastructure, including 440 3-phase electric service to the warehouses and a dedicated fire suppression loop with multiple hydrants strategically placed throughout the site. Beyond its current use, this property offers significant redevelopment potential. The expansive acreage and prime location lend themselves to a variety of uses, including land development, creekside apartment or business development, an event venue, or a flea market. The combination of existing income-generating tenants and the potential for future development makes this a compelling investment opportunity in a thriving Indiana community. The property's size and location offer significant flexibility for a wide range of commercial ventures.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $650,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $650,000
Market price range: $650k - $3.55M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Salem
- County
- Washington
- State
- Indiana
- Longitude
- -86.0954
- Latitude
- 38.6056
- 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
$7,989
$10,000
$256,300
$266,300
-
$10,000
$256,300
$266,300
