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    Independence, OR 97351

    For Sale
    $895,000

    Historic Charm, Multi-Tenant, High ROI

    Property size:
    2,750 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    307
    This exceptional 2,750 square foot retail property, situated on a 0.05-acre lot at a prime corner location on S Main Street in historic Independence, Oregon, presents a rare investment opportunity. The building, known as the Taylor's Fountain Block, underwent extensive period-correct renovations in 2018, meticulously preserving its 1884 historical accuracy. Currently 100% leased, this multi-tenant building offers a strong, stable income stream for investors. The property is ideally suited for both multi-tenant investment and owner-user scenarios, providing flexibility to adapt to various business needs. The building's prominent location within the historic river town ensures high visibility and foot traffic. This is a unique chance to acquire a piece of Independence's rich history while securing a potentially lucrative investment. The property is available for purchase individually, or in conjunction with adjacent buildings on the block (see separate listings for properties on Monmouth Street). The building's historical significance, combined with its modern updates and current occupancy, makes this a truly exceptional offering. Detailed financial information and lease agreements are available upon request. Don't miss this opportunity to own a piece of Independence's vibrant past and secure a promising future.

    Property Features for

    General Information

    Property type
    Retail properties
    Square Feet
    2,750 SF
    Lot Size
    2,178 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail properties

    Map

    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.1845
    Latitude
    44.85334

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    Nearby Similar for Sale

    • $1,050,000
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      Iconic, renovated mixed-use building in downtown Independence, Oregon.
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      Industrial property with development potential in Independence, Oregon.
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      Two renovated buildings, 100% leased.
      Monmouth St, Independence, OR 97351
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    • $1,000,000
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      OR. This historic property

      known for housing Main Street Antiques
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    • $1,000,000
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      OR. This historic property

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    FAQs

    What type of property is this?
    Retail property - Historic Charm, Multi-Tenant, High ROI
    Where is this retail property located?
    The property is located at Independence, OR.
    What is the asking price?
    The asking price for this property is $895,000.
    (503) 261-3274
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    Independence, OR 97351
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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
    Independence, OR 97351
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