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    1358 Jackson St Salem, IN 47167

    For Sale
    $249,900

    Bank-ready office space, updated & secure.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    308
    This exceptional 0.26-acre commercial property at 1358 S Jackson Street in Salem, Indiana, presents a unique investment opportunity. Previously a bank, this multi-use office space boasts a wealth of features ideal for a variety of businesses. The building retains its original bank vault, adding a unique security element. Currently configured as an insurance office, the layout includes a welcoming customer waiting area, a spacious administrative space, three to four private offices, a convenient kitchenette, and first-floor restrooms. Recent upgrades significantly enhance the property's value and functionality. The first-floor lighting has been modernized with energy-efficient LED fixtures. Security is paramount, with a comprehensive system in place featuring five cameras (one interior and four exterior), complemented by a Ring doorbell/camera system at the entrance. The exterior marquee sign has undergone a complete renovation, now featuring all LED lighting, requiring only minor modifications to the exterior panels for customization. Furthermore, the parking lot received a fresh resurfacing in October 2023, ensuring convenient and attractive parking for clients and staff. The building's exterior is also well-maintained, with a new roof installed in 2017 and new siding in 2021. Priced at $249,900, this property offers a compelling combination of functionality, security, and modern amenities in a desirable Salem location.

    Property Features for 1358 Jackson St

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    11,326 SF

    Building Details

    Year Built
    1990
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    360 Accounting & Tax ... Accountant Huffaker Insurance Services Insurance Agency

    Suggested Use

    Law Firm Restaurant Hair Salon Auto Repair Shop Accounting Firm Daycare Center Auto Parts Store Convenience Store Smoke and Vape Shop Furniture Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.07903
    Latitude
    38.59668

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    FAQs

    What type of property is this?
    Office Property / Space - Bank-ready office space, updated & secure.
    Where is this office property / space located?
    The property is located at 1358 Jackson St Salem, IN.
    What is the asking price?
    The asking price for this property is $249,900.
    (502) 412-9400
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    1358 Jackson St Salem, IN 47167
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    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
    1358 Jackson St Salem, IN 47167
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