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    131 N Nebraska St Salem, SD 57058

    For Sale
    $1,000,925

    Established Dollar General store in Salem, South Dakota for sale.

    Property size:
    9,100 SF

    Property Features for 131 N Nebraska St

    General Information

    Size
    9,100 SF

    Building Details

    Year built
    2016

    Source: Daniel Miller Agent Daniel Miller

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Dollar General Store in Salem

    This Dollar General store, a community staple since 2016, is available for purchase. The property includes a 9,100 sq. ft. building with sufficient parking, situated on a one-acre corner lot. The store is located just off U.S. Highway 81, also known as Nebraska Street, a major north/south corridor through South Dakota, providing strong visibility and accessibility. Constructed in 2016, the building is the only Dollar Store in Salem. The lease has approximately 5+ years remaining, expiring on 2/28/2031, with four 5-year renewal options, each at a 10% increase. Located in the center of Salem, the property benefits from its position at a prominent intersection. Salem, the county seat of McCook County, is a 45-minute drive from Sioux Falls, SD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    FedEx OnSite Mailing Service Dollar General Dollar Store Cenex Gas Station Western Union Money Transfer Service Redbox Movie Rental Kiosk

    Suggested Use

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

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

    Similar Places Nearby

    Brickhouse Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    McCook
    State
    South Dakota
    Longitude
    -97.388975
    Latitude
    43.72445

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      Salem Motel - Family-Run Business

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    FAQs

    What type of property is this?
    Storefront property - Established Dollar General store in Salem, South Dakota for sale.
    Where is this storefront property located?
    The property is located at 131 N Nebraska St Salem, SD.
    What is the asking price?
    The asking price for this property is $1,000,925.
    What are key features of this property?
    This property features: - Excellent 8.65% Cap Rate; - Located in South Dakota, an income Tax-Free state; - Only Dollar General store in Salem, SD
    (310) 806-6145
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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
    131 N Nebraska St Salem, SD 57058
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