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Property profile

6155 E State Road 56 Salem, IN 47167

FOR SALE
Commercial land
Property ID
US31-1757841
3.42 ac lot
Last sale Jan 2016
Entity Owned Owner of record is a legal entity (LLC / corporation). 10-yr Hold Held for 10 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property consists of approximately 8.5 acres of commercial land distributed across three parcels, with a steel building located on-site that sustained fire damage and may be only partially salvageable. The site is positioned directly on a heavily traveled State Road between Salem and Scottsburg, providing roadside access intended to support future development or other land-based uses. Because the building’s condition is affected by the fire, the overall utility of the site depends in part on evaluating the remaining structure and the site layout.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$794
Tax billed · 2023
Assessed value$41k
Assessed land$41k
Effective rate1.94%

Value estimate

· Oct 2026
$265k
$239k – $292k
AI approach$265k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

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.

JurisdictionWASHINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand index
Building Supply8.8
Furniture Store8.3
Convenience Store8.3

Location

6155 E State Road 56 Salem, IN 47167
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 · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
Jackson, Salem, IN 47167 $70,000 Dec 2022 No data
903 Jackson, Salem, IN 47167-9787 $70,000 Dec 2022 1,008 SF
905 Jackson, Salem, IN 47167-9787 $70,000 Dec 2022 1,188 SF
1504 Hackberry, Salem, IN 47167-9606 $85,000 Nov 2022 1,347 SF
Of Industrial, Salem, IN 47167 $42,600 Feb 2021 No data
1025 Jim Day, Salem, IN 47167-7217 $190,000 Feb 2019 No data
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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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