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Three-Story Mixed-Use Building
For Sale
Contact for pricing
Pending

257 E State St, Salem, OH 44460

Renovated upper-level studio apartment space complements flexible commercial areas and a full basement.

Property SizeContact for details
Days on Market145

Property Features for 257 E State St

General Information

Standard status Pending
Property subtype Mixed Use, Multifamily, Retail, Special Purpose

Units

Unit Mix 1 x studio
Multifamily Units 1

Building Details

Buildings 1
Stories 3
Listing Agency: Keller Williams Chervenic Realty
Listed By: Samantha Aldish · License #c2016004609
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Sep 2 at 2:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Chervenic Realty

Investment Insights

Based on property information with market context.

This three-story mixed-use property includes a basement and three above-grade levels. The second and third floors have been renovated and are configured as a large studio apartment, while the building also offers commercial space on the lower level. Its prior use as an ice cream shop provides established context for the storefront component without limiting the building’s broader mixed-use configuration.

Recent improvements include a new furnace and air-conditioning system, triple-pane windows, a rubber roof with warranty, updated electrical work, and new light fixtures. The property is located in downtown Salem at 257 E State St.

Key Highlights

  • Three above‑ground stories plus a basement
  • Renovated second and third floors configured as a large studio apartment
  • Prior ice cream shop use with storefront component

Property Analytics

Current Use

The Loft @ N2 by ... Grocery & Convenience Store

Suggested Use

Top Pick Real Estate Agency Dental Office Building Supply Electrical Service Parking Lot & Garage Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

649
Businesses Nearby
58k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 72% Dining 27% Beauty & Spa 1%
Speedway Shops & Services
14,042 visits/mo 0.1 miles
Huntington Bank Shops & Services
10,325 visits/mo 0.3 miles
KFC Dining
7,515 visits/mo 0.3 miles
Chase Bank Shops & Services
5,804 visits/mo 0.1 miles
Pizza Hut Dining
4,330 visits/mo 0.2 miles

Demographics for 44460, OH

25,393
Population
11,595
Households
2.2
Avg Household Size
46
Median Age
20%
College-Educated
90%
High-School Grad
107.4 sq mi
ZIP Area
236
Density / Sq Mi
$59,882
Median Household Income
$35,912
Median Earnings
$770
Median Rent
$153,200
Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020
7.3% 2021
6.5% 2022
6% 2023
5.7% 2024
6.3% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Renovated upper-level studio apartment space complements flexible commercial areas and a full basement.
Where is this mixed-use property located?
The property is located at 257 E State St Salem, OH.
What are key features of this property?
This property features: Three above‑ground stories plus a basement; Renovated second and third floors configured as a large studio apartment; Prior ice cream shop use with storefront component
More about this property
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