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    508 N 1St St Lakeview, OR 97630

    For Sale
    $119,900

    Commercial Building - Lakeview, OR

    Property size:
    8,729 SF
    Days on Market:
    24
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 508 N 1St St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    APN
    14002
    Interior features
    Flooring- Hardwood, Flooring- Laminate, Flooring- Linoleum, Flooring- Stone, Flooring- Tile, Flooring- Wood
    Exterior features
    Access- All Year, Sidewalks, Outdoor Lighting
    Appliances
    Dishwasher, Freezer, Microwave, Range, Refrigerator, Washer
    Size
    8,729 SF

    Building Details

    Year built
    1950
    Flooring type
    Hardwood, Laminate, Linoleum, Tile, Wood
    Building materials
    Brick, Plaster
    Roof type
    Flat, Tar/Gravel
    Architectural style
    Other

    High Country Real Estate (541) 947-2224

    Listing agent Deanna Walls (541) 947-2224 License #200309289

    Listing date Nov 13, 2025

    MLS# 3007714 Listing URL

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

    Overview

    Historic Landmark in Lakeview, OR

    The Indian Village Restaurant & Bar, a historic landmark in the high desert region of Lakeview, Oregon, has been a cornerstone of the community for over 75 years. This large downtown building, encompassing 8729 square feet, presents an opportunity for multiple retail spaces, offices, or a new business concept. The property is zoned commercial. While the roof requires repair and engineer-approved plans, with $15,000 of building materials included, the interior is ready for modernization. The property includes all inventory: tables, chairs, TVs, pool tables, shuffleboard table, and signs. Artifacts and the jukebox are excluded. This property offers the opportunity to revive a regional favorite.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Indian Village Restaurant Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    A Country Home Floral, Eagles Club

    Location Insight

    • Map
    • Local Demand
    City
    Lakeview
    County
    Lake
    State
    Oregon
    Longitude
    -120.3452093
    Latitude
    42.190452

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    FAQs

    What type of property is this?
    Bar - Iconic restaurant and bar with retail/office potential in Lakeview.
    Where is this bar located?
    The property is located at 508 N 1St St Lakeview, OR.
    What is the asking price?
    The asking price for this property is $119,900.
    What are key features of this property?
    This property features: - Historic landmark restaurant and bar in Lakeview, operating for over 75 years.; - Prime downtown location with potential for multiple retail spaces or offices.; - Includes all inventory: tables, chairs, TVs, pool tables, shuffleboard table, signs.
    (541) 947-2224
    Request Owner's contact information
    508 N 1St St Lakeview, OR 97630
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    Lakeview, OR 97630
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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
    508 N 1St St Lakeview, OR 97630
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