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Property profile & analytics
OFF-MARKET
Office Spaces

1358 Jackson St Salem, IN 47167-9190

1,714 SF 0.26 ac lot Built 1963
Entity Owned ~ Est. High Equity
Property ID
US31-1556837
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Year built 1963
Construction WOOD
Total area 1,714 SF
Lot 0.26 ac (11,326 SF)
APN 88-24-21-113-011.000-022
UPID US31-1556837
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 360 Accounting & Tax Services Accounting Firm Tax Preparation
  • Huffaker Insurance Services Insurance Agency
Value estimations
Realmo proprietary · 4 methods
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by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
360 Property Holdings LLC
360 Property Holdings LLC
since 2026
Last sale
$220,000
4 recorded transactions
2026
Price N/A
2024
$220,000
2021
Price N/A
2011
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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