Commercial

Salem, UT Commercial Land for Sale

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Elk Ridge, UT Payson, UT Spanish Fork, UT Woodland Hills, UT Santaquin, UT Palmyra, UT Benjamin, UT Mapleton, UT
Prime Commercial Land I-15 Exit
Updated: Jul 28, 2025
Prime Commercial Land I-15 Exit

Salem, UT 84653

$1,314,860
1.50 AC lot
High traffic location: Expect approximately 29,500 trips per day.
Prime commercial location: Situated at the entrance of Salem, Woodland Hills, and Elk Ridge.
Development ready: Super pads with perimeter roads and utilities are ready for development.
Flexible sizing: Pads can be sized or subdivided.
Favorable zoning: New Salem master plan allows for C1, C2, and C3 commercial zoning.
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Commercial Land I-15 Exit
Updated: Jul 28, 2025
Commercial Land I-15 Exit

Salem, UT 84653

$5,324,774
7.64 AC lot
High traffic location: Estimated 29,500 trips per day.
Strategic location right off I‑15 Benjamin Exit.
Development Ready: Super pads with perimeter roads and utilities stubbed to the lot.
Frontage on Loafer Mountain Parkway and 17th North (under construction).
Flexible Sizing: Pads can be sized/subdivided to fit (with exceptions).
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Car Wash Anchored Retail Site
Car Wash Anchored Retail Site

987 N State Rd 198, Salem, UT 84653

$1,176,120
1.50 AC lot

Car wash anchored retail land offering exposure from a main highway and proximity to local grocery and nearby housing growth.

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Prime Commercial Land Opportunity
Prime Commercial Land Opportunity

Loafer Mountain Pkwy and SR 164, Salem, UT 84660

$1,176,120
3.00 AC lot

Commercial land with high traffic, ideal for retail development.

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Based on your search, we've compiled 8 Potential Opportunities for your consideration. Besides 4 Active listings in Salem, UT, we suggest exploring several alternatives: 4 properties in Nearby Cities

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Spanish Fork Development Opportunity
Spanish Fork Development Opportunity

30 E SOUTH Ln, Spanish Fork, UT 84660

$1,990,000
0.69 AC lot

Prime commercial land for development in a growing area.

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Spanish Fork Development Opportunity
Spanish Fork Development Opportunity

1005 S MAIN St, Spanish Fork, UT 84660

$1,990,000
0.32 AC lot

Prime commercial land for development in a high-growth area.

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Payson Commercial Corner Lot
Payson Commercial Corner Lot

450 S 100 W St, Payson, UT 84651

$549,900
0.91 AC lot

Prime commercial lot with high traffic count in Payson.

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Corner Commercial Land Site
Corner Commercial Land Site

450 South 100 W Street West, Payson, UT 84651

$549,900
39,639 sqft

High-traffic corner lot with utilities in the road, suitable for a range of retail, office, or automotive concepts.

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Salem, UT Commercial Land Market Trends and Statistics

Explore 4 commercial land for sale in Salem, UT, showcased through 4 active listings on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $8,991,874.

Sale prices for commercial lots in Salem, UT start at $1,176,120, averaging $2,247,968, and reaching up to $5,324,774 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Residential land & home lots 17
Commercial land 4

Demographics Overview

Population 12K
Population Growth (5Y) +26.9%
Median Household Income $111,420
College Educated 53.8%

High-Yield Neighborhoods for Investment

Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
Salem $1.8M
Spanish Fork $2.6M

Taxes & Financing

Tax Rate (average for all types) 0.95%
Property Tax per SF $13.38 per SF
Tax Rate vs County Average 0.09 pp above county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Utah County

New Delisted

Total CRE Inventory on Market (SF)

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