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    Property profile & analytics

    17 Canal St Salem, MA 01970-4881

    • Turn key restaurants
    • 13,299 SF
    • 0.42 lot acres
    OFF-MARKET
    Value Estimation
    $2,290,000
    Last Sale
    May 01, 2023
    $2,350,000
    Location Intelligence
    Property ID
    US38-1296633
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Brito Ice / Delivery Service / Manufacturer
    • Sammy's Roast Beef & Seafood / Delivery Restaurant / Pizza Delivery
    • Thistle Piercing & Fine Jewelry / Body Piercing Shop

    Property Details for 17 Canal St

    Year built
    1914
    Construction
    STEEL FRAME
    Lot size
    0.42 lot acres
    Property size
    13,299 SF
    Zone code
    B5
    Property type
    Turn key restaurants
    APN
    SALE M:34 L:0301
    APU
    SALEM34L0301

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,130,000
      6.5%
      $2,185,000
      7%
      $2,440,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,085,000
      Geo Method
      $2,110,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,440,000
      Retail
      $2,105,000
      Mixed-Use
      $2,310,000
      Hospitality
      $2,630,000
      Educational
      $2,400,000
      Residential Income
      $2,055,000
      Energy
      $2,630,000
      Income-Based Land
      $2,675,000
      Food Service
      $2,510,000

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.8953
    Latitude
    42.5174
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $40,827
    $558,000
    $1,165,400
    $1,723,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,249 SF

      91 Lafayette St

      RESTAURANT • 3,249 SF
      91 Lafayette St, Salem, MA 01970-3620
      View Details
    • Value Estimation by Request
      12,494 SF

      283 Derby St

      RESTAURANT • 12,494 SF
      283 Derby St, Salem, MA 01970-3600
      View Details
    • Value Estimation
      $2,490,000
      4,379 SF

      540 Loring Ave

      RESTAURANT • 4,379 SF
      540 Loring Ave, Salem, MA 01970-4222
      View Details
    • Value Estimation by Request
      2,600 SF

      144 Canal St

      RESTAURANT • 2,600 SF
      144 Canal St, Salem, MA 01970-4650
      View Details
    • Value Estimation
      $355,000
      2,128 SF

      317 Jefferson Ave

      RESTAURANT • 2,128 SF
      317 Jefferson Ave, Salem, MA 01970-4438
      View Details
    • Value Estimation
      $430,000
      2,934 SF

      105 Canal St

      RESTAURANT • 2,934 SF
      105 Canal St, Salem, MA 01970-4649
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Commercial space in Salem near downtown and commuter rail.
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      Spacious Mixed-Use Property in Salem

      Large mixed-use property with development potential in downtown Salem.
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    Similar Nearby for Lease

    • $27 SF/Yr
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      Salem Train Station Storefront

      Freestanding Commercial Space, High Traffic
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      Salem Airport Retail Space

      Prime Salem location, 2890 sq ft, new construction.
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    • Contact for pricing

      Retail Space in Vinnin Square

      Retail space with excellent parking and visibility in Salem.
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      View Details
    • $600 /Mo

      Convenient Garage Parking For Rent

      Two-car garage parking near Washington St and New Derby St.
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      Luxury Salon Space in Salem

      Fully furnished salon space with photography set available for rent.
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      View Details
    • $18 SF/Yr
      9,831 SF

      Visible Commercial Space on Highland

      Highly visible 9,831 sq ft commercial space on Highland Ave.
      207 Highland Ave, Salem, MA 01970
      View Details
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    17 Canal St
    Salem, MA 01970-4881
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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
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