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Property profile & analytics

2229 E State St Salem, OH 44460

  • Retail space
  • 15,072 SF
  • 2.11 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US66-2175712
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

  • Rite Aid / Greeting Card Shop / Drug Store
  • higi / Health Consultant
  • Joseph Salmen / Pharmacy
  • Leeanne Guido / Pharmacy
  • Coinhub Bitcoin ATM Teller / Atm

Property Details for 2229 E State St

Year built
2007
Lot size
2.11 lot acres
Property size
15,072 SF
Property type
Retail space
APN
51-00121-004
APU
5100121004

Description

This exceptional commercial property at 2229 E State Street in Salem, Ohio, presents a unique investment opportunity. Boasting a substantial 15,072 square feet, the building sits on a generous 2.12-acre lot and offers significant frontage on three major streets: East State Street (128 feet), Southeast Boulevard (345 feet), and East Pershing Street (312 feet). The property's strategic location within a thriving commercial corridor places it in close proximity to a hospital office complex and various food service establishments, ensuring high visibility and foot traffic. A key feature is the inclusion of a drive-up window, adding convenience and appeal for potential tenants. The building's versatility is further enhanced by the seller's willingness to divide the space to meet individual tenant requirements. For investors seeking a long-term, stable income stream, a land lease is available, offering terms of $125,000 annually over a five-year period. This presents a compelling opportunity to acquire a substantial commercial property in a prime location with flexible lease options to suit a variety of business needs. The asking price for this property is $3,000,000.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    ML approach
    $510,000
  • Alternative Use

    Use
    Estimation
    RETAIL STORES
    $635,000
    Current use
    WAREHOUSE, STORAGE
    $660,000
    Change: +4% Conversion: Difficult

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Salem
County
Columbiana
State
Ohio
Longitude
-80.8295
Latitude
40.9002
CBSA code
41400
CBSA name
SALEM, OH MICROPOLITAN 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
$39,001
$130,620
$681,840
$812,460
-
$373,200
$1,948,100
$2,321,300
More about this property
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