Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Development Land Parcel Title is generated by Realmo AI

    000 Main St, Independence, OR 97351

    View on Map
    Claim this Listing
    For Sale
    $159,900

    Level retail lot with existing concrete and rear alley parking for flexible owner-user or development.

    Type:Unimproved Land
    Lot size:
    0.21 Acres
    Added:
    Apr 10, 2026
    Days on Market:
    58
    Last Refresh:
    Jun 6 at 4:55 am

    Property Features for 000 Main St

    General Information

    Standard status
    Active
    Lot size
    0.21 Acres
    Property subtype
    Unimproved Land

    We can help!

    Listing Contact
    CATHERINE UNDERWOOD-BUSH

    Listing agent CATHERINE UNDERWOOD-BUSH

    Listing office CHEDDAR REALTY

    Listing date Apr 10, 2026

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of CHEDDAR REALTY

    HighLights

    • Prime 0.21‑acre commercial retail lot on Main St in historic downtown Independence
    • Level lot with existing concrete surfaces
    • Rear parking lot/alley access
    • Located near Riverview Park, Osprey Point, and The Independence Hotel
    • Suitable for retail, mixed‑use, or development (per provided description)

    Overview

    This offering is a .21-acre commercial retail land parcel suited for a range of commercial uses. The site is level and includes existing concrete surfaces, which can support a variety of retail-oriented site plans. It also offers rear parking lot/alley access, an important operational consideration for tenant deliveries and customer parking.

    The property is positioned on Main St in historic downtown Independence, Oregon. It benefits from high-visibility frontage and sits near Riverview Park, Osprey Point, and The Independence Hotel, supporting an everyday customer base tied to local activity and tourism.

    From a tenant or operator perspective, the parcel is described as ideal for retail, mixed-use, or development, depending on the end use and design. For buyers considering an owner-user build or a redevelopment approach, the combination of level grade, existing concrete improvements, and rear access can simplify early planning and site logistics while accommodating commercial storefront concepts.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.185059
    Latitude
    44.853304

    Nearby Similar for Sale

    • $825,000
      4,320 SF

      Fourplex Residential Income Property

      Four separate units with in-unit laundry hookups and three-bedroom layouts, suited for steady rental housing.
      224 C St, Independence, OR 97351
      View Details
    • $825,000
      4,320 SF

      Independence Fourplex Near River Park

      Fourplex in Independence near Main Street and river.
      224 C St, Independence, OR 97351
      View Details
    • $550,000
      2,332 SF

      Townhome-Style Duplex with Fenced Yards

      Duplex with functional layouts, private yards, and rental appeal.
      1416 FALCON Loop, Independence, OR 97351
      View Details
    • $250,000

      Development Opportunity in Independence, Oregon

      Two adjoining lots approved for townhouse development. Utilities on site.
      816 810 Maple St, Independence, OR 97351
      View Details
    • $4,500,000

      Independence, OR Land Opportunity

      30 acre MX zoned land in Independence, Oregon.
      Jefferson St, Independence, OR 97351
      View Details
    • $5,999,999
      17 SF

      Independence Oregon Industrial Property

      Industrial property with development potential in Independence, Oregon.
      596 Hoffman Rd Independence, OR 97351, OR 97351
      View Details
    • $1,050,000
      5,150 SF

      Historic "Belt Building" For Sale

      Iconic, renovated mixed-use building in downtown Independence, Oregon.
      144 S Main St, Independence, OR
      View Details
    • $2,600,000

      Commercial Land on Hoffman Road

      Commercial land available on Hoffman Road in Independence, Oregon.
      8575 HOFFMAN RD, Independence, OR 97351
      View Details
    • $3,000,000

      Land Available Off Monmouth Street

      Land off Monmouth Street/Monmouth Independence Hwy, down 13th Street.
      6120 S 13th Street, Independence, OR 97351
      View Details

    FAQs

    What type of property is this?
    Commercial land - Level retail lot with existing concrete and rear alley parking for flexible owner-user or development.
    Where is this commercial land located?
    The property is located at 000 Main St Independence, OR.
    What is the asking price?
    The asking price for this property is $159,900.
    What are key features of this property?
    This property features: Prime 0.21‑acre commercial retail lot on Main St in historic downtown Independence; Level lot with existing concrete surfaces; Rear parking lot/alley access
    (503) 881-3560
    We can help!
    Listing Contact
    CATHERINE UNDERWOOD-BUSH
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    000 Main St, Independence, OR 97351
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!