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    555 300 Salem, UT 84653

    Sponsored
    For Sale
    $1,588,000

    Live & Work: Updated Home & Shop on .52 Acres

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    339
    This unique Salem, UT property offers a rare blend of commercial and residential zoning, allowing for both business operations and comfortable living. The beautifully remodeled home boasts an open floor plan, updated kitchen, new windows and paint, a new HVAC system (main floor plus a mini-split in the master), a new roof, and updated city plumbing. Interior features include new carpeting, epoxy flooring, refinished hardwood floors, and 9-foot ceilings with vaulted ceilings in select areas. The expansive master suite is located on the second floor. Outdoor amenities are equally impressive, encompassing a .52-acre lot with a deck, patio, fruit trees, greenhouse, garden area, a mini-moto track, a waterfall and pond (stocked with fish and turtles), covered storage, and ample RV and equipment storage. A substantial 35 x 36 shop, equipped with 220V 3-phase power and natural gas heat, provides ideal space for a home-based business. The property enjoys excellent visibility and accessibility, situated near Highway 198 and conveniently close to freeway access. Square footage is an estimate

    Property Features for 555 300

    General Information

    Property type
    Office Properties & Spaces
    Lot Size
    22,651 SF
    Location Intelligence

    Current Use by Public Records

    Office Properties & Spaces

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Utah
    State
    Utah
    Longitude
    -111.6792
    Latitude
    40.04598

    Nearby Comparable

    • Contact for pricing

      Land Available for Commercial Zoning

      Land with commercial zoning potential, utilities readily accessible.
      UT-198 E 1100 N, Salem, UT 84653
      View Details
    • $1,503,300
      2.30 Acres

      Prime Salem, UT Hotel Pad

      I-15 Corridor Development Opportunity
      1950 Loafer Mtn, Salem, UT 84653
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    • $964,160
      1.10 Acres

      Prime Salem Retail Lot - I-15 Access

      High-visibility retail lot near I-15.
      1940 Loafer Mtn Unit, Salem, UT 84653
      View Details

    Nearby Similar for Sale

    • $575,000
      1,163 SF

      Commercial Space in Salem, Utah

      Commercial space suitable for office, retail, automotive, or drive-thru.
      295 East 400 St North, Salem, UT 84653
      View Details
    • $964,160
      1.10 Acres

      Prime Salem Retail Lot - I-15 Access

      High-visibility retail lot near I-15.
      1940 Loafer Mtn Unit, Salem, UT 84653
      View Details
    • $1,503,300
      2.30 Acres

      Prime Salem, UT Hotel Pad

      I-15 Corridor Development Opportunity
      1950 Loafer Mtn, Salem, UT 84653
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Live & Work: Updated Home & Shop on .52 Acres
    Where is this office property / space located?
    The property is located at 555 300 Salem, UT.
    What is the asking price?
    The asking price for this property is $1,588,000.
    (801) 794-2900
    Request Owner's contact information
    555 300 Salem, UT 84653
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    Salem, UT 84653
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    555 300 Salem, UT 84653
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