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    Salem, SD
    Retail

    Salem, SD Retail Properties & Spaces for Sale

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    Montrose, SD Madison, SD Canistota, SD Humboldt, SD Bridgewater, SD Colton, SD Hartford, SD Wentworth, 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
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    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 5 Potential Opportunities for your consideration. Besides 1 Active listings in Salem, SD, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Retail Shop with Customer Office
    Retail Shop with Customer Office

    3101 S. Shirley Avenue, Sioux Falls, SD 57106

    Contact for pricing
    4,161 sqft

    Retail shop space features a customer office at the front, with ample parking and two curb cuts.

    View details
    Historic Mixed-Use Building in Mitchell
    Historic Mixed-Use Building in Mitchell

    117 East 3rd Avenue, Mitchell, SD 57301

    $1,375,000
    51,600 sqft

    Mixed-use property with income potential in downtown Mitchell.

    View details
    New Retail NNN Ground Lease
    New Retail NNN Ground Lease

    2306 S Mentzer St, Mitchell, SD

    Contact for pricing
    11,480 sqft 2.15 AC lot

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

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    Commercial Building with Ample Parking
    Commercial Building with Ample Parking

    4701 W 12th St, Sioux Falls, SD 57106

    Contact for pricing
    2,466 sqft

    Stand-alone commercial building with easy access and ample parking.

    View details

    Salem, SD Retail Properties & Spaces Market Trends and Statistics

    Explore 1 retail properties & spaces for sale in Salem, SD on our real estate platform. These investment opportunities span a total of 5,500 square feet of properties for sale, with an estimated market value of $500,000.

    Sale prices for stores 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.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Automotive properties 1
    Gas stations 1
    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%

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