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Salem, SD

Salem, SD Commercial Real Estate for Sale

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Canistota, SD Madison, SD Humboldt, SD Bridgewater, SD Colton, SD Hartford, SD Wentworth, SD Alexandria, SD

Gas Station with Multi-Use Space

Updated: Aug 31

Gas Station with Multi-Use Space

241 N Nebraska St, Salem, SD 57058

$500,000

5,500 sqft 0.57 AC lot

5,500‑square‑foot commercial building on 0.5682 acres
Currently used for gas station and convenience store operations
Interior includes café, senior meal service, lounge, casino, and vehicle storage functions
Commercial zoning designation
Masonry and metal siding construction completed in 1964

Mixed-Use Commercial Building

Updated: Aug 3

Mixed-Use Commercial Building

241 N Nebraska St, Salem, SD 57058

$500,000

5,500 sqft

5,500 sq feet of usable commercial space
Current gas station and convenience store operation
Cafe restaurant and senior meal provider on site
Includes lounge and casino uses
Vehicle storage facility included

Industrial Lots in Salem, SD

Industrial Lots in Salem, SD

301 Douglas St, Salem, SD 57058

Contact for pricing

5.83 AC lot

Industrial lots available in Salem, SD near US Highway 81.

Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center

Based on your search, we've compiled 76 Potential Opportunities for your consideration. Besides 3 Active listings in Salem, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 69 Off-Market properties to explore as potential leads

Opportunities in Nearby Cities

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

Mixed-Use Building with Apartments

Mixed-Use Building with Apartments

210 W Main St, Canistota, SD 57012

$269,900

2,928 sqft 0.13 AC lot

Two upper-floor apartments are leased, while commercial space remains available on the ground level.

4-Unit Mixed-Use Property

4-Unit Mixed-Use Property

418 2nd Avenue, Canistota, SD 57012

Contact for pricing

0.12 AC lot

The property combines fully occupied apartments with a separate group of storage units.

Land

Land

14 259th St, Humboldt, SD 57035

$325,000

Agricultural land / Farmland

Land

Land

22 259th St, Humboldt, SD 57035

$475,000

Agricultural land / Farmland

Off-Market Properties in Salem, SD

Consider similar Off-Market properties in Salem, SD. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

740 Hl St

COMMERCIAL (GENERAL)

740 Hl St, Salem, SD 57058-8760

Estimated value:

$520,000

241 Main St

COMMERCIAL (GENERAL)

241 Main St, Salem, SD 57058

Estimated value:

$290,000

0.23 AC lot

231 Main St

COMMERCIAL (GENERAL)

231 Main St, Salem, SD 57058-2004

Estimated value:

$85,000

616 sqft 0.08 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$305,000

1.17 AC lot

701 Nebraska St

COMMERCIAL (GENERAL)

701 Nebraska St, Salem, SD 57058-8918

Estimated value:

$325,000

2,060 sqft 0.50 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$310,000

13.31 AC lot

401 Hollister Ave

COMMERCIAL (GENERAL)

401 Hollister Ave, Salem, SD 57058-8737

Estimated value:

$310,000

0.90 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$320,000

3,840 sqft 0.26 AC lot

44102 251st St

COMMERCIAL (GENERAL)

44102 251st St, Salem, SD 57058-5500

Estimated value:

$375,000

6,816 sqft 4.50 AC lot

25364 Us Hwy 81

COMMERCIAL (GENERAL)

25364 Us Hwy 81, Salem, SD 57058-5535

Estimated value:

$310,000

6.33 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$285,000

0.24 AC lot

141 Main St

COMMERCIAL (GENERAL)

141 Main St, Salem, SD 57058

Estimated value:

$370,000

7,120 sqft 0.30 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$285,000

0.23 AC lot

351 Douglas St

COMMERCIAL (GENERAL)

351 Douglas St, Salem, SD 57058-8603

Estimated value:

$315,000

2.96 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$295,000

0.84 AC lot

301 Brown Ave

COMMERCIAL (GENERAL)

301 Brown Ave, Salem, SD 57058-8715

Estimated value:

$250,000

1,344 sqft 0.27 AC lot

Salem, SD 57058

COMMERCIAL (GENERAL)

Salem, SD 57058

Estimated value:

$245,000

6.51 AC lot

401 Nebraska St

COMMERCIAL (GENERAL)

401 Nebraska St, Salem, SD 57058-8944

Estimated value:

$315,000

1,737 sqft 0.64 AC lot

100 Nebraska St

COMMERCIAL (GENERAL)

100 Nebraska St, Salem, SD 57058

Estimated value:

$275,000

0.36 AC lot

131 Vermont Ave

COMMERCIAL (GENERAL)

131 Vermont Ave, Salem, SD 57058

Estimated value:

$290,000

2,304 sqft 0.35 AC lot

Main Salem Data Servic

COMMERCIAL (GENERAL)

Main Salem Data Servic, Salem, SD 57058

Estimated value:

$170,000

936 sqft 0.39 AC lot

Salem, SD Commercial Real Estate Market Trends and Statistics

Explore 72 commercial real estate for sale in Salem, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,000 square feet of properties for sale, with an estimated market value of $1,000,000.

Sale prices for business properties in Salem, SD average $500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

Salem, SD CRE market trends — vacancy, lease rates and price per SF, updated monthly

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Demographics Overview

Population 1,792

Population Growth (5Y) -12.5%

Median Household Income $79,119

College Educated 34.8%

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
57058	$416.7K

Taxes & Financing

Tax Rate (average for all types) 1.67%

Property Tax per SF $31.54 per SF

Tax Rate vs County Average 0.07 pp above county avg

Average Loan-to-Value 65.0%

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