1358 Jackson St Salem, IN 47167-9190
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.
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360 Accounting & Tax Services Accounting Firm Tax Preparation
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Huffaker Insurance Services Insurance Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.