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    1820 Us-97 Madras, OR 97741

    For Sale
    $3,500,000

    F - Madras, OR

    Lot size:
    17.62 Acres
    Days on Market:
    231
    Last Refresh:
    Dec 10 at 1:06 am

    Property Features for 1820 Us-97

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MUE
    APN
    1934 & 1985
    Parking
    50
    Parking features
    Driveway, Garage, Gated, Heated, Parking Lot, RV, Workshop
    Interior features
    High Speed Internet, Laminate Counters, Wired for Data
    Lot size
    17.62 Acres

    Utilities

    Heating system
    Ductless (Heating), Forced Air, Natural Gas
    Cooling system
    Central Air, Ductless

    Building Details

    Year built
    1975
    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Laminate, Vinyl
    Building materials
    Frame
    Roof type
    Composition, Metal
    Architectural style
    Other

    EXP REALTY LLC (888) 814-9613 [email protected]

    Listing agent E Lamar Yoder (888) 814-9613 License #201207796

    Listing date Apr 24, 2025

    MLS# 220199891 Listing URL

    Copyright © 2025 MLS of Central Oregon. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Madras Commercial Land Opportunity

    This 17.62-acre property, zoned MUE (Mixed-Use Employment), presents a significant opportunity for investors. Located at the corner of Colfax, US 97, and Highway 26 in Madras, Oregon, the site benefits from high visibility and an average daily vehicle count exceeding 17,000. The property consists of two parcels (1.19 acres and 16.43 acres) that have been annexed into the city of Madras. Sewer main access is located near the property line. The property includes a total of 8,770 square feet of improvements, including a 2,217-square-foot house, a 1,248-square-foot shop, a 3,455-square-foot retail store/showroom, and an 1,850-square-foot three-bay finished shop. Currently, the larger parcel is used for residential purposes, while the smaller parcel is used for MUE commercial activities. However, all of the property can be used as MUE. Potential uses for the property include a large retail complex, travel center, hotel, light manufacturing facility, or vehicle dealership. The seller is open to selling the parcels separately.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.138926
    Latitude
    44.608706

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    FAQs

    What type of property is this?
    Commercial land - 17.62 acres of MUE land with high traffic visibility.
    Where is this commercial land located?
    The property is located at 1820 Us-97 Madras, OR.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: - 17.62 Acres of Mixed-Use Land with High Traffic Exposure, over 17,000 average daily vehicle count.; - Annexed into the City of Madras with Sewer Main Near Property Line.; - Diverse Existing Structures totaling 8,770 sq.ft. including a house, shop, retail store/showroom, and a 3-bay finished shop.
    (888) 814-9613
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    Madras, OR 97741
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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
    1820 Us-97 Madras, OR 97741
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