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    Salem, UT
    Retail

    Salem, UT Retail Space for Sale

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    Woodland Hills, UT Payson, UT Elk Ridge, UT Santaquin, UT Spanish Fork, UT Benjamin, UT Mapleton, UT Springville, UT
    Retail Suite with Spa Rooms
    Updated: Jun 23
    Retail Suite with Spa Rooms

    109-523 N State Road 198, Salem, UT 84653

    $1,425,000
    7,309 sqft
    7309 Sq ft main‑floor suite
    Located in South Valley Plaza on SR 198
    Multiple access points serve the property
    Existing spa rooms and additional office spaces
    Extra‑large event or training room
    View details
    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 10 Potential Opportunities for your consideration. Besides 1 Active listings in Salem, UT, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads

    Opportunities in Nearby Cities

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

    Renovated Main Street Storefront
    Renovated Main Street Storefront

    511 S Main St, Springville, UT 84663

    $545,000
    1,628 sqft

    Commercially zoned space supports retail, office, and professional-service uses with accessible entry and abundant daylight.

    View details
    Renovated Mixed-Use Property For Sale
    Renovated Mixed-Use Property For Sale

    72 N MAIN ST, Spanish Fork, UT 84660

    $3,000,000
    11,280 sqft

    Recently renovated mixed-use property suitable for retail or office use.

    View details
    Mixed-Use Property with Dual Access
    Mixed-Use Property with Dual Access

    645 E 800 N, Spanish Fork, UT 84660

    $649,000
    0.62 AC lot

    Residential and commercial zoning supports a home-based business or other professional use.

    View details
    Renovated Retail Space
    Renovated Retail Space

    511 S MAIN St, Springville, UT 84663

    $545,000
    0.18 AC lot

    Commercially zoned space with high ceilings, central HVAC, accessible entry, and abundant natural light.

    View details

    Off-Market Properties in Salem, UT

    Consider similar Off-Market properties in Salem, UT. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    1066 State Rd 198
    RETAIL STORES (PERSONAL SERVICES)

    1066 State Rd 198, Salem, UT 84653-9350

    Estimated value:
    $555,000
    2,612 sqft 1.11 AC lot
    View details
    121 400th N
    RETAIL STORES (PERSONAL SERVICES)

    121 400th N, Salem, UT 84653-9367

    Estimated value:
    $460,000
    5,030 sqft 0.34 AC lot
    View details
    795 State Rd 198
    RETAIL STORES (PERSONAL SERVICES)

    795 State Rd 198, Salem, UT 84653-5665

    Estimated value:
    No data
    42,330 sqft 4.95 AC lot
    View details
    131 Main St
    RETAIL STORES (PERSONAL SERVICES)

    131 Main St, Salem, UT 84653-9561

    Estimated value:
    $845,000
    11,886 sqft 0.19 AC lot
    View details
    131 Main St
    RETAIL STORES (PERSONAL SERVICES)

    131 Main St, Salem, UT 84653-9561

    Estimated value:
    $550,000
    11,886 sqft 0.37 AC lot
    View details

    Salem, UT Retail Space Market Trends and Statistics

    Explore 6 retail space for sale in Salem, UT on our real estate platform. These investment opportunities span a total of 7,309 square feet of properties for sale, with an estimated market value of $1,425,000.

    Sale prices for retail space in Salem, UT average $1,425,000 — 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

    Drug stores 2
    Automotive properties 1
    Car washes 1

    Demographics Overview

    Population 12K
    Population Growth (5Y) +26.9%
    Median Household Income $111,420
    College Educated 53.8%

    High-Yield Neighborhoods for Investment

    Identify Salem submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    84653 $1.4M

    Taxes & Financing

    Tax Rate (average for all types) 0.95%
    Property Tax per SF $13.38 per SF
    Tax Rate vs County Average 0.09 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Utah County

    New Delisted

    Total CRE Inventory on Market (SF)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Utah County

    Residential Income

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