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    270 Madison St Madras, OR 97741

    For Sale
    $379,000

    Prime Madras location, versatile commercial space.

    Property size:
    2,344 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    316
    This exceptional 2,344 square foot commercial property, situated on a 0.35-acre lot in Madras, Oregon, presents a unique investment opportunity. Conveniently located near downtown Madras, this property boasts a well-maintained, separate office building, perfect for a variety of business uses. Previously utilized as an auto repair shop, the property retains a certified tow yard, providing secure and convenient parking with gated access. The substantial building offers ample space for various commercial endeavors, allowing for customization and adaptation to suit diverse business needs. Its prime location offers excellent visibility and accessibility, ensuring high traffic and potential for growth. The combination of a functional building, secure parking, and a desirable location makes this property an attractive proposition for entrepreneurs and investors seeking a strong foothold in the thriving Madras market. The property's existing infrastructure, including the tow yard and office space, provides a solid foundation for immediate occupancy and operation, minimizing initial setup costs and maximizing return on investment. This is a rare opportunity to acquire a versatile commercial property in a highly sought-after location.

    Property Features for 270 Madison St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    2,344 SF
    Lot Size
    15,246 SF

    Building Details

    Year Built
    1980
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Madras
    County
    Jefferson
    State
    Oregon
    Longitude
    -121.1355
    Latitude
    44.63229

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Madras location, versatile commercial space.
    Where is this commercial real estate located?
    The property is located at 270 Madison St Madras, OR.
    What is the asking price?
    The asking price for this property is $379,000.
    (541) 312-9449
    Request Owner's contact information
    270 Madison St Madras, OR 97741
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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
    270 Madison St Madras, OR 97741
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