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198 Commercial St SE

Salem, OR 97301
Square Ft.
19,883
ACTIVE
Commercial
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Market LogoListing courtesy of CENTURY 21 NORTH HOMES 541-350-0690
$8,500,000
Presenting one of Salem's most iconic, beautifully renovated office buildings, ideally positioned in the heart of Salem within the Central Core Business District on one of the highest-trafficked corners in the city. The building features 100% occupancy, Price reduced 8.3% CAP and over $2 million in recent renovations, blending historic… Read MoreRead Less
Listing Snapshot
Days Online
61
Last Updated
Property Type
Office
Square Ft.
19,883
Lot Size
0.95 Acres
Year Built
1956
MLS Number
840891
Property Location Map
Additional Details
Building
Building 1 info: Unit 1, 16,269sqft, LEASED, Building 2 info: Unit 2, 1,850sqft, LEASED, Building 3 info: Unit 3, 19,409sqft, LEASED, Built in 1956
Expenses
Total expenses: $262,759
Foundation
Slab
Water Features
City, Connected
Heating
Central AC, Forced Air, Heat Pump, Zonal
Income
Net income: $685,340
Lot
Approximately 19,883 square feet, 0 acres
Taxes
Amount: $87,745, Years: 2025
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Monthly Payment
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James Hauge
Licensed Principal Broker
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Schools In The Area

Check out nearby schools with ratings and contact info. Source: Home Junction.
Bush Elementary School 503-399-3134 Public KG-5
Leslie Middle School 503-399-3206 Public 6-8
South Salem High School 503-399-3252 Public 9-12
Bush Elementary School 503-399-3134 Public KG-5
Bush Elementary School 503-399-3134 Public KG-5
Leslie Middle School 503-399-3206 Public 6-8
South Salem High School 503-399-3252 Public 9-12

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Listing Information © Willamette Valley MLS. All Rights Reserved

Based on information from Willamette Valley Multiple Listing Service, which neither guarantees nor is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by Willamette Valley Multiple Listing Service may not reflect all real estate activity in the market.

Willamette Valley Multiple Listing Service Member Broker: James Hauge