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Investment Highlights

  • Fully occupied 936 SF office property positioned on Salem’s Main Street.
  • Established bookkeeping and tax services business included in the sale.
  • Property taxes remain low at $1,605.78 annually.
  • Built in 1996 and zoned for General Commercial use.
  • Current ownership spans over a decade, ensuring stability and continuity.
  • Large lot provides options for future growth and development opportunities.

Executive Summary

This fully occupied office property located in the heart of Salem, South Dakota, presents a compelling opportunity for investors seeking stable income and growth potential. Built in 1996 and zoned for General Commercial use, the 936 SF building comes with an established book of business that includes bookkeeping and tax services, delivering immediate revenue continuity for its next owner.
Positioned along North Main Street, the property benefits from strong visibility and convenient access within the downtown district. The current owner, who has operated on-site since 2010, plans to retire, creating a seamless transfer opportunity for the buyer. With minimal property taxes and a generous lot offering potential for future expansion, this asset delivers both present-day performance and long-term flexibility.
Salem’s cohesive business environment and supportive community infrastructure reinforce the operational value of this location, while proximity to civic amenities such as Salem City Park and local schools adds an appealing dimension to the property’s placement. Investors seeking a community-oriented commercial investment will find this property a secure and versatile addition to their portfolio.

Property Facts

Sale Type
Investment
Property Type
Office
Building Size
936 SF
Building Class
C
Year Built
1996
Price
$661,375 CAD
Price Per SF
$706.60 CAD
Tenancy
Single
Building Height
1 Story
Typical Floor Size
936 SF
Building FAR
0.06
Lot Size
0.39 AC
Zoning
Commercial General - Commercial General
Fairly walkable
40/100
Moderately drivable
70/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
17.07.0002
Land Assessment
$15,975 CAD
Improvements Assessment
$90,411 CAD
Total Assessment
$106,386 CAD
  • Listing ID: 40440115

  • Date on Market: 2026-05-07

  • Last Updated:

  • Address: 110 Main St, Salem, SD 57058

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