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    Yoncalla, OR Cottage Grove, OR Oakland, OR Lorane, OR Elkton, OR Eugene, OR Sutherlin, OR Umpqua, OR
    Corner Lot Former Bank Building
    Updated: Mar 27
    Corner Lot Former Bank Building

    229 N First St, Drain, OR 97435

    $182,000
    3,490 sqft
    Corner lot location in the heart of Drain's business district.
    Onsite parking.
    Convenient drive‑up window.
    Suitable for office/retail use.
    Upstairs break room with refrigerator and restroom.
    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 7 Potential Opportunities for your consideration. Besides 1 Active listings in Drain, OR, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 2 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.

    Bank Building with Drive-Through
    Bank Building with Drive-Through

    200 Center Ave, Molalla, OR 97038

    $1,150,000
    4,500 sqft

    Former bank facility with secure vault, customer lobby, parking, and freestanding illuminated signage.

    View details
    Bank Building with Drive-Through
    Bank Building with Drive-Through

    419 NW BROADWAY, Portland, OR 97205

    Contact for pricing
    8,357 sqft 0.26 AC lot

    CX zoning accommodates commercial, office, retail, and mixed-use activity.

    View details
    Freestanding Bank Building
    Freestanding Bank Building

    200 CENTER AVE, Molalla, OR 97038

    $1,150,000

    Former bank with drive-through infrastructure, secure vault features, and flexible interior space for commercial occupancy.

    View details
    Single Story Retail Property
    Single Story Retail Property

    1001 NW 23rd Ave, Portland, OR

    Contact for pricing
    5,000 sqft 0.12 AC lot

    Retail property functioning as a financial institution with high visibility.

    View details

    Off-Market Properties in Drain, OR

    Consider similar Off-Market properties in Drain, OR. 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.

    257 2nd St
    FINANCIAL BUILDING

    257 2nd St, Drain, OR 97435-0199

    Estimated value:
    $355,000
    2,775 sqft 0.20 AC lot
    View details
    229 1st St
    FINANCIAL BUILDING

    229 1st St, Drain, OR 97435-0118

    Estimated value:
    $400,000
    2,340 sqft 0.20 AC lot
    View details

    Drain, OR Banks Market Trends and Statistics

    Explore 3 banks for sale in Drain, OR on our real estate platform. These investment opportunities span a total of 3,490 square feet of properties for sale, with an estimated market value of $182,000.

    Sale prices for bank buildings in Drain, OR average $182,000 — 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

    Storefront properties 2
    Banks 1

    Demographics Overview

    Population 2,383
    Population Growth (5Y) +11.5%
    Median Household Income $54,679
    College Educated 23.2%

    High-Yield Neighborhoods for Investment

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

    Neighborhood Average Price
    97435 $182K

    Taxes & Financing

    Tax Rate (average for all types) 1.10%
    Property Tax per SF $13.02 per SF
    Tax Rate vs County Average 0.15 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Douglas County

    New Delisted

    Total CRE Inventory on Market (SF)

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