Financial
Distress signals
Property profile

241 E State St Salem, OH 44460

FOR SALE
Other commercial real estate
Property ID
US66-2378344
7,347 SF 0.07 ac lot Built 1930
Last sale Oct 2016 · $32,000
Individually Owned Owner of record is an individual. 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The former Salem Trading Post is a mixed-use property located in downtown Salem. The building has a full basement plus three stories above grade. It includes front parking, with additional public parking across the street. The first floor is configured for retail use, while the second floor contains two residential apartment units and the third floor includes a studio apartment; each level is set up for rental occupancy. The building’s layout supports mixed-use operations with retail on the ground level and residential space on the upper floors.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$907
Tax billed · 2023
Assessed value$13k
Assessed land$7k
Assessed improvement$6k
Effective rate6.92%

Value estimate

· Sep 2026
$280k
$252k – $308k
AI approach$265k
NOI build-up
Gross scheduled income$88k
Vacancy & credit loss−$4k
Operating expenses−$38k
NOI · 19.52% cap applied$46k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$57/SF
County average, outlier-cleaned · 51 recorded sales of this use type
Observed band · Q1–Q3$31 – $95

Cap rate analysis

How does the asset earn?
19.52%
$46k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCOLUMBIANA

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand index
Realty agency21.7
Dental Office18.5
Building Supply12.2

Location

241 E State St Salem, OH 44460
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
130 Penn, Salem, OH 44460-3125 $400,000 Nov 2025 9,978 SF
1610 State, Salem, OH 44460-1961 $230,000 Feb 2025 3,420 SF
1909 Ellsworth, Salem, OH 44460-1132 $250,000 Sep 2024 16,213 SF
364 Lincoln, Salem, OH 44460 $799,000 Jan 2024 18,020 SF
Georgetown, Salem, OH 44460 $50,600 Dec 2022 4,608 SF
754 Georgetown, Salem, OH 44460-9709 $250,000 Sep 2022 4,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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