Flex Space with Grade-Level
For Sale
$2,100,000
Pending
500 NW Cherry Lane, Madras, OR 97741
Commercial Sale, Madras, OR
Property Size3,000 SF
Lot Size5.04 Acres
Days on Market147
Property Features for 500 NW Cherry Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
AD - AirportDev
Exterior features
Rail Spur
Lot features
Fenced, Level
Directions
From US 26 west on Cherry Lane, property on right after RR tracks.
Standard status
Pending
APN
13249
Size
3,000 SF
Lot size
5.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22543
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
conference room
Building Details
Year built
2019
Floors in Building
2
Number of units
3
Flooring type
Vinyl, Concrete, Carpet
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Dan C Steelhammer
(541) 306-4948
Added: Apr 13
Changed: Aug 30
Last Checked: Sep 6 at 8:06AM
MLS# 220219163
Copyright © 2026 Oregon Data Share. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2019 flex property combines administrative and industrial areas in a steel-frame building with offices, a conference room, reception area, and two industrial suites measuring approximately 4,800 square feet each. Semi-finished storage areas are located on the second floor, while five large grade-level roll-up doors support industrial access. The property also includes a scale and scale house, plus a separate outdoor storage structure with a plastic-skin metal frame and concrete bunks. Natural gas forced-air heating, central air, public water, public sewer, and a metal roof are in place.
The 5.04-acre property is within the Airport Development zone, which allows agricultural and industrial uses. Rail spur access and additional yard area are available through an adjacent property lease with the City of Madras, subject to negotiation by a new owner.
The 5.04-acre property is within the Airport Development zone, which allows agricultural and industrial uses. Rail spur access and additional yard area are available through an adjacent property lease with the City of Madras, subject to negotiation by a new owner.
Key Highlights
- 5.04‑acre commercial property in Madras, OR
- Two +/- 4800 square foot industrial suites
- Five large grade‑level roll‑up doors
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 97741, OR
13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial and office improvements occupy a substantial commercial site within the Airport Development zone.
Where is this flex space located?
The property is located at 500 NW Cherry Lane Madras, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5.04‑acre commercial property in Madras, OR; Two +/- 4800 square foot industrial suites; Five large grade‑level roll‑up doors
