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    1705 Commercial St SE Salem, OR 97302

    For Sale
    $749,900

    Business,Investment,Owner-User - Salem, OR

    Property size:
    2,754 SF
    Lot size:
    0.17 Acres
    Days on Market:
    84
    Last Refresh:
    Dec 14 at 10:06 pm

    Property Features for 1705 Commercial St SE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Basement
    APN
    573283
    Parking
    7
    Basement Y/N
    1
    Size
    2,754 SF
    Lot size
    0.17 Acres

    Utilities

    Heating system
    Central, Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Roof type
    Composition
    Architectural style
    Other

    Blum Real Estate (503) 485-1900 [email protected]

    Listing agent GLADYS BLUM (503) 485-1900

    Listing date Sep 22, 2025

    MLS# 815339 Listing URL

    Copyright © 2025 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Salem Office Building with Apartment

    Located at the corner of Commercial and Washington in South Salem, this two-story building has been converted from a home to an office space and includes a studio apartment with its own access. Updates to the property include interior and exterior paint, landscaping, flooring, lighting, plumbing, and electrical systems. A new seven-space parking lot with ADA entrance has been added. The main level features a conference room, two private offices, an ADA restroom, and space for workstations. The second level includes three more offices, a restroom, and ample storage space. The square footage breakdown is as follows: 1,103 square feet on the first floor, 688 square feet on the second floor, and 963 square feet in the lower-level studio apartment. The total property size is 2,754 square feet on a 0.17-acre lot. This property is suitable for an owner-user or multi-users and is currently fully leased.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Schulz Team Mortgage Lender

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0447777
    Latitude
    44.9240536

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    FAQs

    What type of property is this?
    Office building - Two-story office conversion with studio apartment in South Salem.
    Where is this office building located?
    The property is located at 1705 Commercial St SE Salem, OR.
    What is the asking price?
    The asking price for this property is $749,900.
    What are key features of this property?
    This property features: - Prime South Salem location at the corner of Commercial & Washington.; - Home-to-office conversion with studio apartment and separate access.; - New 7-space parking lot with ADA entrance.
    (503) 485-1900
    Request Owner's contact information
    1705 Commercial St SE Salem, OR 97302
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    Salem, OR 97302
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1705 Commercial St SE Salem, OR 97302
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