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555 W 300 S, Salem, UT — photo 11 / 38

$1,488,000

555 W 300 S, Salem, UT 84653

Subtype

Office

Building SF

$/SF

Lot

0.52 ac

Property Details

Property typeCommercial Sale
SubtypeOffice
Building SF
Year built1930
Lot size0.52 acres
Current useOffice
Taxes (annual)$2,577
Days on market617
Listed2024-12-17T00:00:00+00:00

Description

Price reduced!!! Rare find! This property is zoned commercial but allows for residential use as well. Run your commercial business and live where you work. Great updated home with open design, huge master suite and master bathroom. This beautiful home has so many features. Gorgeously remodeled home with open floor plan, updated kitchen, windows, paint, new HVAC system for main floor plus a mini-split in the master bedroom, new roof, new plumbing to the city, new carpet, epoxy flooring and refinished hardwood floors all located on a .52-acre lot. 35 x36 shop with 220V 3-phase power and natural gas heat. Perfect for home operated business. Huge master suite on the 2nd floor, 9-foot ceilings, vaulted ceilings, deck, patio, fruit trees, greenhouse, animal rights, garden area, mini-moto track, water fall and pond with fish and turtles, covered storage, RV and equipment storage area, garden area, water feature and so much more. Square footage figures are provided as a courtesy estimate only and were obtained from independent measurements. Buyer is advised to obtain their own independent measurement. Information deemed reliable but not guaranteed. Buyer is advised to verify any and all information contained herein to their satisfaction. Great location with easy access to and visibility of Highway 198 through Salem and just down the block from the road to the freeway. Great visibility and access.

Listed by Charles T Wixom · Charles Wixom Realty

Location

555 W 300 S, Salem, UT 84653

Cap Rate Calculator

Underwrite this property at a glance. Adjust NOI, vacancy, and OpEx to model your own assumptions.

Cap Rate

5.25%

$/SF

GRM

11.8

Purchase price
$
Gross scheduled income
$/yr
Vacancy5%
Operating expense ratio35% ($42,055)
Effective gross income$120,156/yr
Operating expenses$42,055/yr
Derived NOI$78,101/yr

Cap rate estimates are based on assumptions, not guaranteed, and should not be relied upon. Buyers must verify all information — including NOI, OpEx, lease terms, and rent rolls — directly with the seller or listing agent.

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© 2026 UtahRealEstate.com. All rights reserved. Based on information from the Wasatch Front Regional Multiple Listing Service, Inc. as of 8/26/2026, 2:29:22 AM. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or the MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing data provided by UtahRealEstate.com.