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    241 E State St Salem, OH 44460

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    For Sale
    $236,000

    Fully leased mixed-use building with retail and apartment units.

    Property size:
    7,347 SF
    Lot size:
    0.07 Acres

    Property Features for 241 E State St

    General Information

    Size
    7,347 SF
    Lot size
    0.07 Acres

    Source: Platz Realty Group Agent Theresa Morse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Leased Mixed-Use Investment Property

    This is a fully leased investment property, formerly the Salem Trading Post, offering various possibilities. The property includes leased retail space on the first floor. The second floor features two rented apartment units, and the third floor contains a rented studio apartment. Front parking is available, with additional public parking located across the street.
    Insight Report Location Intelligence

    Current Use by Public Records

    Mixed-use properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Columbiana
    State
    Ohio
    Longitude
    -80.855777
    Latitude
    40.9008374

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    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use building with retail and apartment units.
    Where is this mixed-use property located?
    The property is located at 241 E State St Salem, OH.
    What is the asking price?
    The asking price for this property is $236,000.
    What are key features of this property?
    This property features: - 100% Leased: Provides immediate income.; - Investment Property with Many Possibilities.; - Leased Retail Space (1st Floor): Offers established tenant.
    (330) 518-6082
    Request Owner's contact information
    241 E State St Salem, OH 44460
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    Salem, OH 44460
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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
    241 E State St Salem, OH 44460
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