1408 Mulberry StSalem, IN 47167

Property Details for 1408 Mulberry St

Year built

1950

Construction

TYPE NOT SPECIFIED

Lot size

0.20 AC

Property size (Sq ft)

1,280 SF

Property type

Retail space

APN

88-24-18-332-006.000-022

APU

882418332006000022

Description

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 approach

  CAP return

  Valuation

  6%

  $232,104

  6.5%

  $214,250

  7%

  $198,946

• Comparable approach

  Method

  Valuation

  Relative Method

  $277,660

  Geo Method

  $277,660

• Alternative Use

  Use

  Valuation

  Residential

  $180,728

  Hospitality

  $165,546

  Educational

  $137,732

  Medical

  $142,469

  Retail

  $214,250

Location Insight

City

Salem

County

Washington

State

Indiana

Latitude

38.6081

Longitude

-86.1212

CBSA code

31140

CBSA name

LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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