Advertise
    Salem, SD
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Property Types
    1
    • Retail
    • Office
    • Residential Income
    • Restaurants
    • Industrial
    • Mixed-Use
    • Hospitality
    • Health Care
    • Sports & Entertainment
    • Land
    • Agricultural
    • Specialty
    Price
    Price
    $
    $

    Salem, SD Retail Properties & Spaces for Sale

    Notify Me
    List
    Map
    Bridgewater, SD Humboldt, SD Canistota, SD
    Dollar General Corner Store Investment
    $1,000,925
    9,100 SF
    Dollar General Corner Store Investment

    131 N Nebraska St, Salem, SD 57058

    Single-tenant retail on a prominent corner lot off a major north/south corridor with a remaining lease through 2031.
    • 9,100 SF Dollar General building built in 2016 on a prominent 1‑acre corner lot with ample parking
    • Lease in place with approx. 5+ years remaining; lease expires 2/28/2031 with four (4) 5‑year renewal options
    • Renewal options: four (4) 5‑year options with 10% rent increases at each option period
    • South Dakota income tax‑free state; SD Double Net (NN) with landlord responsible for roof and structure
    • Located just off U.S. Highway 81 in Salem (U.S. 81 also known as Nebraska Street)
    Updated: Jun 2
    View details
    Main Street Retail Opportunity
    $485,000
    936 SF
    Main Street Retail Opportunity

    110 N Main St, Salem, SD

    Established retail property on Main Street, Salem, South Dakota.
    • Turnkey business opportunity with real estate, FF&E included.
    • Prime Main Street location with Commercial General zoning.
    • Opportunity for expansion due to lot size.
    • Well‑maintained office building constructed in 1996.
    • Current owner willing to train new owner.
    Updated: Nov 10, 2025
    View details
    Turnkey Restaurant/Coffee Shop Opportunity
    $130,000
    1,610 SF
    Turnkey Restaurant/Coffee Shop Opportunity

    Turnkey restaurant/coffee shop with character, charm, and outdoor seating.

    116 E Vermont Ave, Salem, SD

    View details
    Based on your search, we've compiled 11 Potential Opportunities for your consideration. Besides 3 Active listings in Salem, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

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

    Established Restaurant and Lounge For Sale
    $649,900
    8,900 SF
    Established Restaurant and Lounge For Sale

    Restaurant and lounge with meeting and banquet rooms available for sale.

    1407 NW 2nd St, Madison, SD

    View details
    New Retail NNN Ground Lease
    $1,750,000
    11,480 SF
    New Retail NNN Ground Lease

    New construction retail property with long-term corporate ground lease.

    2306 S Mentzer St, Mitchell, SD

    View details
    Multifamily Property in Madison, SD
    $2,500,000
    Multifamily Property in Madison, SD

    Former high school converted to multifamily with underground parking.

    210 Center Street West, Madison, SD 57042

    View details
    Commercial Property with Parking Lot
    $525,000
    944 SF
    Commercial Property with Parking Lot

    Commercial property featuring office space, shop building, and parking.

    404 W 1st Ave, Mitchell, SD

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land on Washington Avenue
    $114,900
    0.31 Acres
    Commercial Land on Washington Avenue

    Commercial land with utilities on a busy road in Madison.

    400 S Block Washington Ave, Madison, SD 57042

    View details
    Commercial Land Ready for Development
    $350,000
    Commercial Land Ready for Development

    Shovel-ready commercial land suitable for various business ventures.

    910 East Spruce Street, Mitchell, SD 57301

    View details
    Commercial Lot in Growing Tea
    $220,000
    0.68 Acres
    Commercial Lot in Growing Tea

    High-visibility commercial lot in a high-growth Sioux Falls metro area.

    500 N Heritage Pkwy, Tea, SD 57064

    View details
    Commercial Land in Dell Rapids
    $269,900
    1.03 Acres
    Commercial Land in Dell Rapids

    Prime commercial lot with road frontage and utilities access.

    600 E Quartzite St, Dell Rapids, SD 57022

    View details

    Salem, SD Retail Properties & Spaces Investment Opportunities Market Analysis

    Explore 3 retail properties & spaces for sale in Salem, SD, showcased through 3 active listings on our real estate platform. These investment opportunities span a total of 11,646 square feet of properties for sale, with an estimated market value of $1,615,925.

    Sale prices for stores in Salem, SD start at $130,000, averaging $538,641, and reaching up to $1,000,925 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

    List
    Map

    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Storefront properties 3
    Grocery and convenience stores 1

    Demographics Overview

    Population 1,792
    Population Growth (5Y) -12.5%
    Median Household Income $79,119
    College Educated 34.8%

    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%

    Need Help?

    Reach out if you need assistance with Realmo tools or have questions about your listings

    Contact Us

    Popular Searches in Salem, SD

    Popular Categories

    Most Searched ZIP Codes in Salem, SD

    • 57058

    Select Neighborhood

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!