Save This Listing

Close

1/3

View All Photos

$28 Just Listed

For Lease
Active
Commercial Lease

See This Home

Save This Listing

Close

1/3

Property Description

This is a rare opportunity to locate your business in a highly sought after retail plaza on one of Salem's busiest thoroughfares. This grocery anchored shopping center features Crosby's Marketplace, Subway, Marblehead Bank and other successful retailers. This is a long time asian restaurant space suitable for other food uses including pizza and ice cream. Located between Salem State University and downtown Salem, the site features abundant parking and a large pylon sign.

Full Property Details

Full Property Details for 125 Canal St

General

Price: $28
Taxes: $120,368 (2025)
Status: Active
Type: Commercial Lease
MLS ID: 73518025
Updated: 5/13/2026
Added to Site: 1 day(s) ago

Location

County: Essex

Structural Information

Square Feet: 1,300
Year Built: 1955

Lot Features

Lot Size (Acres): 3.04

Financial Considerations

Tax Amount: $120,368
Tax Year: 2025

Disclosures and Reports

Property ID: M:33 L:0105, 2134627

Listed by The Drumlin Group Inc., David Hark and Mark Shapiro

Quickly Find Out More

* Indicates a required field

Comment *

Full Name *

Email Address *

Mobile Phone Number *

See this property in person

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Send Message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby’s International Realty®). I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.

We Value Your Privacy

Listing agents

— 125 Canal St —

David Hark

The Drumlin Group Inc.
Mark Shapiro

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender

NMLS#: 1598647

Get Pre-Approved

Schools

Schools serving 125 Canal St

School District:Salem School District, Salem, MA

Name	Grades	Distance
Saltonstall School 211 Lafayette Street, Salem, MA 01970	K-8	0.3 mi
Horace Mann Laboratory 79 Willson Street, Salem, MA 01970	K-5	0.8 mi
Witchcraft Heights Elementary School 1 Frederick Street, Salem, MA 01970	K-5	1.4 mi
Collins Middle School 29 Highland Avenue, Salem, MA 01970	6-8	0.6 mi
Salem Prep High School 2 Museum Place Mall, Salem, MA 01970	9-12	0.9 mi
Salem High School, Salem, MA 77 Willson Street, Salem, MA 01970	9-12	0.9 mi
Carlton Elementary School 10 Skerry Street, Salem, MA 01970	K-5	1.5 mi
Bates Elementary School, Salem, MA 53 Liberty Hill Avenue, Salem, MA 01970	K-5	1.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 125 Canal St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

5/13/2026

Listed

$28

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 125 Canal St

3 Maryvale Ln, Peabody, MA 01960 - Photo 1

Just Listed

$979,900

Open House

3 Maryvale Ln Peabody, MA 01960

Single Family
Active
Updated 9 hours ago

3
Beds
3
Total Baths
2,484
Sq. Ft.

Listed by Joyce Cucchiara (978) 808-1597

3 Christina Dr, Peabody, MA 01960 - Photo 1

Just Listed

$475,000

3 Christina Dr #A Peabody, MA 01960

Condo
Active
Updated 2 days ago

2
Beds
2
Total Baths
1,400
Sq. Ft.

Listed by Ann Gray (978) 407-4468

23 Herrick Rd, Peabody, MA 01960 - Photo 1

Just Listed

$719,000

Open House

23 Herrick Rd Peabody, MA 01960

Single Family
Active
Updated 1 day ago

2
Beds
3
Total Baths
1,865
Sq. Ft.

Listed by Joyce Cucchiara (978) 808-1597

Just Listed

$995,999

40 County Peabody, MA 01960

Multi-Family
Active
Updated 8 hours ago

2
Units
6
Total Beds
0.16
Acres

25 Essex Green Ln, Peabody, MA 01960 - Photo 1

25 Essex Green Ln #C Peabody, MA 01960

Condo
Active
Updated 1 day ago

2
Beds
2
Total Baths
1,054
Sq. Ft.

1234 Confidential St, Peabody, MA 01960 - Photo 1

Price Reduced

-$30,000 (-15.79%)

$160,000

1234 Confidential St Peabody, MA 01960

Commercial
Active

2 Rolleston Rd, Marblehead, MA 01945 - Photo 1

2 Rolleston Rd Marblehead, MA 01945

Single Family
Active
Updated 1 day ago

3
Beds
3
Total Baths
2,772
Sq. Ft.

Listed by Mindy McMahon (617) 834-4439

8 Franklin St, Marblehead, MA 01945 - Photo 1

Price Reduced

-$10,000 (-3.34%)

$289,000

8 Franklin St #19 Marblehead, MA 01945

Condo
Active
Updated 7 hours ago

1
Total Bath
430
Sq. Ft.

Listed by Graeme Jones (978) 239-5827 and Yana Litvak (617) 777-9323

990 Paradise Rd, Swampscott, MA 01907 - Photo 1

Sold

$27

990 Paradise Rd Swampscott, MA 01907

Commercial Lease
Closed

125 Canal St, Salem, MA 01970 (MLS# 73518025) is a Commercial Lease property. 125 Canal St is currently listed for $28 and was received on May 13, 2026. Want to learn more about 125 Canal St? Do you have questions about finding other Commercial Lease real estate for sale in South Salem? You can browse all South Salem real estate or contact a Coldwell Banker agent to request more information.

125 Canal St Salem, MA 01970