Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    507 Jackson St Salem, IN 47167

    For Sale
    $150,000

    Prime Salem location, 1.3 acres, high visibility.

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    306
    This exceptional 1.3-acre commercial property is strategically located on Highway 60, the main thoroughfare into Salem, Indiana. Its high-traffic location ensures maximum exposure for any commercial venture. The vacant land presents a unique opportunity for developers and entrepreneurs seeking a prominent site with significant visibility. The substantial lot size offers ample space for a variety of commercial uses, allowing for flexibility in design and development. Given its prime position on a major roadway, this property is ideal for businesses seeking high foot traffic and easy accessibility. The absence of existing structures allows for complete customization to suit specific business needs and preferences. This is a rare chance to acquire a highly visible and well-situated commercial parcel in a growing community. The property's location on Highway 60 guarantees excellent visibility and accessibility for customers and employees alike. Serious inquiries are encouraged to explore the potential of this exceptional commercial land opportunity. The asking price is $150,000. This represents a significant investment opportunity in a desirable location with high growth potential.

    Property Features for 507 Jackson St

    General Information

    Property type
    Other commercial real estate
    Lot Size
    56,628 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.09427
    Latitude
    38.59731

    Nearby Similar for Sale

    • $200,000
      4.53 Acres

      Salem, IN Garage with Office

      Garage with office space on 4.53-acre lot.
      1000 W Market St, Salem, IN 47167
      View Details
    • $199,900
      0.61 Acres

      Commercial Building with Parking Space

      Versatile commercial building suitable for various business ventures.
      300 W Mulberry St, Salem, IN 47167
      View Details
    • New
      $200,000
      Pending

      Salem, IN Warehouse with Office

      Warehouse with office space, rollup doors, and ample parking.
      1000 W Market St, Salem, IN 47167
      View Details
    • $339,000

      Downtown Salem Commercial Building For Sale

      Well-maintained commercial building with storefronts, office space, and parking.
      18 Public Sq, Salem, IN 47167
      View Details
    • $1,500,000
      41,734 SF

      Apartment Complex in Salem, Indiana

      21-unit apartment complex with rental income potential in Salem, Indiana.
      100 Walnut Tree Dr, Salem, IN 47167
      View Details
    • $1,295,000
      0.17 Acres

      Historic Salem Bakery - Turnkey Business

      Established bakery, loyal clientele, high profits.
      21 Public Rd, Salem, IN 47167
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Salem location, 1.3 acres, high visibility.
    Where is this commercial real estate located?
    The property is located at 507 Jackson St Salem, IN.
    What is the asking price?
    The asking price for this property is $150,000.
    (812) 728-8181
    Request Owner's contact information
    507 Jackson St Salem, IN 47167
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    507 Jackson St
    Salem, IN 47167
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    507 Jackson St Salem, IN 47167
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.