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21 Public Sq
Salem, IN 47167
ESTABLISHED BAKERY_TWO LOCATIONS · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Established business with loyal multi-generational customer base and treasured baking secrets
  • Complete restoration/renovation of 21 N Public Square, Salem, IN in 2018. 915 Main Street, Mitchell, IN constructed in 2009
  • Two locations with manufacturing capicity in place for expansion
  • Franchise potential

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
13,772 SF
Building Class
C
Year Built/Renovated
1934/2018
Tenancy
Single
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
1.86
Lot Size
0.17 AC
Zoning
CBD - Central Business District
Parking
15 Spaces (1.09 Spaces per 1,000 SF Leased)
Frontage
32’ on Public Sq

AMENITIES

  • Drive Thru

ABOUT 21 PUBLIC SQ , SALEM, IN 47167

*** Please see listing for 915 Main Street, Mitchell, Indiana for information specific to Huckleberry's location. Both locations and business all sell together.*** TWO LOCATIONS, MANUFACTURING CAPACITY ALLOWING EXPANSION, ESTABLISHED BUSINESS WITH LOYAL MULTI-GENERATIONAL CUSTOMER BASE AND TREASURED BAKING SECRETS OFFER AN OPPORTUNITY OF A LIFETIME...H&R Bakery has been a staple to Southern Indiana for over three-quarters of a century, arguably serving the most delicious donuts and there are no words to describe their famous brownies! The Salem, IN location, in addition to Huckleberry's in Mitchell, IN, along with all fixtures, furniture and equipment of both and most importantly the established business, loyal multi-generational customer base and treasured baking secrets are included in the sale. The potential is endless to expand with more retail locations with the manufacturing capacity already in place. Different streams of revenue could be added with food service and meeting/party space rental. Information provided in this listing for the Salem Location. Please see listing for 915 Main Street, Mitchell, Indiana for information specific to Huckleberry's location. Both locations, FF&E of both, and business all sell together. 21 N Public Square is a fully restored and renovated building located in the heart of Salem, IN situated in a way that allows the building to receive immense amount of drive-by traffic/visibility as well as drive-thru service. Historic all brick building has 2 levels with the main level being used for a well-established bakery business, which is offered for sale with the building. With front and rear entrances, this level is designed with counter-service for baked goods, coffee, ice cream and cafe, manufacturing/baking area, inviting dining/gathering area with gas fireplace and a meeting/conference room. The lower level offers space for private party/gathering events and individual office workstations as well as an additional 2700+ SF that could be used for storage or additional expansion. The rear of the building with main level access, also provides a receiving area with 2 dock doors. All FF&E in place are owned (no leased items) and are included in sale. Trains and all associated items are excluded from the sale. The second location at 915 Main Street, Mitchell, IN was constructed in 2009 with counter-service, dining, office, workroom and storage areas. The 1,094 SF all brick building is situated with Main Street visibility and .33 acre lot provides drive-thru service, ample parking and room for expansion. All FF&E in place are owned (no leased items) and are included in sale. Trains and all associated items are excluded from the sale.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
88-24-17-331-143.000-022
Land Assessment
$59,000
Improvements Assessment
$99,400
Total Assessment
$158,400
  • Listing ID: 27581697

  • Date on Market: 1/24/2023

  • Last Updated:

  • Address: 21 Public Sq, Salem, IN 47167

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