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    Property profile & analytics

    1358 Jackson St Salem, IN 47167

    • Office Properties & Spaces
    • 1,714 SF
    • 0.26 lot acres
    For Sale
    View listing
    $249,900
    Value Estimation
    Last Sale
    Jan 03, 2024
    $220,000
    Location Intelligence
    Property ID
    US31-1556837
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • 360 Accounting & Tax Services / Accountant
    • Huffaker Insurance Services / Insurance Agency

    Property Details for 1358 Jackson St

    Year built
    1963
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    1,714 SF
    Property type
    Office Properties & Spaces
    APN
    88-24-21-113-011.000-022
    APU
    882421113011000022

    Description

    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.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $220,000

    • CAP approach

      CAP return
      Estimation
      6%
      $310,000
      6.5%
      $320,000
      7%
      $315,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $270,000
      Geo Method
      $300,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $315,000
      Retail
      $270,000
      Mixed-Use
      $255,000
      Hospitality
      $285,000
      Educational
      $250,000
      Residential Income
      $290,000
      Energy
      $240,000
      Income-Based Land
      $240,000
      Food Service
      $260,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Washington
    State
    Indiana
    Longitude
    -86.079
    Latitude
    38.5967
    CBSA code
    31140
    CBSA name
    LOUISVILLE-JEFFERSON COUNTY, KY-IN METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,264
    $13,000
    $95,800
    $108,800
    -
    $13,000
    $95,800
    $108,800

    Comparable in this City

    • Value Estimation by Request
      7,144 SF

      506 Poplar St

      OFFICE (GENERAL) • 7,144 SF
      506 Poplar St, Salem, IN 47167-1414
      View Details
    • Value Estimation by Request
      175,582 SF

      1001 Harrison St

      OFFICE (GENERAL) • 175,582 SF
      1001 Harrison St, Salem, IN 47167-1685
      View Details
    • Value Estimation by Request
      1,648 SF

      209 Joseph St

      OFFICE (GENERAL) • 1,648 SF
      209 Joseph St, Salem, IN 47167-6606
      View Details
    • Value Estimation by Request
      12,355 SF

      118 Walnut St

      OFFICE (GENERAL) • 12,355 SF
      118 Walnut St, Salem, IN 47167-9998
      View Details
    • Value Estimation
      $400,000
      716 SF

      1314 Jackson St

      OFFICE (GENERAL) • 716 SF
      1314 Jackson St, Salem, IN 47167-9167
      View Details
    • Value Estimation
      $425,000
      4,300 SF

      1367 State Rd 60

      OFFICE (GENERAL) • 4,300 SF
      1367 State Rd 60, Salem, IN 47167-7500
      View Details

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    1358 Jackson St
    Salem, IN 47167
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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
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