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    1036 Jim Day Rd Salem, IN 47167

    For Sale
    $850,000

    Prime Salem location, B-2 zoning, divisible tracts.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 14.51-acre commercial property presents a rare development opportunity in Salem, Indiana. Boasting a highly desirable B-2 zoning classification, this expansive site is ready for immediate development. The property benefits from abundant road frontage on a state road and a county road within the business district, ensuring high visibility and continuous traffic flow. Easy access and egress points further enhance its appeal. All city utilities are readily available, simplifying the development process and minimizing infrastructure costs. The seller is willing to divide the land into smaller tracts, catering to a range of development projects and investment strategies. This presents a unique chance to capitalize on Salem's thriving commercial sector. The significant size of this parcel, combined with its prime location and convenient access to city amenities, makes this a truly exceptional investment opportunity. Don't miss this chance to secure a substantial piece of Salem's commercial landscape. Contact us today to explore the possibilities and discuss your vision for this remarkable property. Immediate possession is available.

    Property Features for 1036 Jim Day Rd

    General Information

    Property type
    Other commercial real estate
    Lot Size
    632,056 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Day Farm Farm

    Suggested Use

    Restaurant Dental Office Auto Repair Shop Hair Salon Clothing Store Hotel & Motel Auto Parts Store Pharmacy Department Store Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.08389
    Latitude
    38.61718

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Salem location, B-2 zoning, divisible tracts.
    Where is this commercial real estate located?
    The property is located at 1036 Jim Day Rd Salem, IN.
    What is the asking price?
    The asking price for this property is $850,000.
    (812) 883-5112
    Request Owner's contact information
    1036 Jim Day Rd Salem, IN 47167
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    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
    1036 Jim Day Rd Salem, IN 47167
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