Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    229 Main St Prineville, OR 97754

    Sponsored
    For Sale
    $569,995

    Historic Diner, Turn-Key Operation

    Property size:
    1,780 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional 1,780 square foot commercial property, located at 229 N Main Street in the heart of Prineville, Oregon, presents a unique investment opportunity. Built in 1912, this iconic building boasts a rich history and has served as a thriving restaurant for over three decades. Known locally as "Dad's Place," the established business offers a proven track record and loyal customer base. The sale includes all existing kitchen equipment, ensuring a smooth transition for the new owner. The fully equipped kitchen is ready to continue producing the high-quality meals that have made this diner a local favorite for years. Beyond the main dining area, a recently added lottery room provides an additional revenue stream. The property sits on a 0.04-acre lot, offering ample space for outdoor seating or potential expansion. Priced at $569,995, this turn-key operation presents a rare chance to acquire a well-established business in a desirable downtown location. The property's history, combined with its current success and potential for future growth, makes it an attractive investment for both seasoned restaurateurs and new entrepreneurs. The opportunity to continue a beloved Prineville tradition or to create a new culinary experience within this historic building is readily available.

    Property Features for 229 Main St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,780 SF
    Lot Size
    1,742 SF

    Building Details

    Year Built
    1912
    Property Profile Location Intelligence

    Current Use by Public Records

    Dad's Place Diner

    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.

    Location Insight

    • Map
    • Local Demand
    City
    Prineville
    County
    Crook
    State
    Oregon
    Longitude
    -120.8474
    Latitude
    44.30244

    Nearby Similar for Sale

    • New
      $650,000
      0.16 Acres

      Downtown Corner Commercial Building

      Prime downtown Prineville corner with drive-through advantage.
      103 NW 3Rd St, Prineville, OR 97754
      View Details
    • $620,000
      0.20 Acres

      Income-Producing Triplex with Garage/Shop

      Cash-flowing triplex with established tenants and bonus income opportunity.
      646 NE Court St, Prineville, OR 97754
      View Details
    • $1,090,000
      0.21 Acres

      Downtown Prineville Multi-Tenant Office Building

      Fully leased office building in downtown Prineville with 7% cap.
      267 NE 2Nd St, Prineville, OR 97754
      View Details
    • $424,900
      2,012 SF

      Prineville Duplex: Investment Opportunity

      Newer duplex with open design, garages, and included appliances.
      937 NW Cains Rd, Prineville, OR 97754
      View Details
    • $1,500,000
      4.89 Acres

      Prineville Mobile Home Park Investment

      Income-producing mobile home park on 4.89 acres in Prineville, Oregon.
      1900 NW Madras Hwy, Prineville, OR 97754
      View Details
    • $650,000
      0.18 Acres

      Commercial Building on US Hwy 26

      3,000 sqft commercial building in growing Prineville community.
      862 NW 3Rd St, Prineville, OR 97754
      View Details
    • $475,000
      0.29 Acres

      Prineville Commercial Building For Sale

      Commercial building in downtown Prineville with multiple entrances and parking.
      430 NW 4Th St, Prineville, OR 97754
      View Details
    • $420,000
      Pending

      Versatile Office/Residential Property, Prineville

      Office space convertible to residential with ADU potential in Prineville.
      296 S Main St, Prineville, OR 97754
      View Details
    • $385,000
      0.07 Acres

      Downtown Prineville Retail/Office Opportunity

      Versatile 1,740 sq ft building in Prineville's vibrant downtown.
      250 NE 3Rd St, Prineville, OR 97754
      View Details
    • $550,000
      1.17 Acres

      Prineville Shop on 1.17 Acres

      3370 SF shop on 1.17 acres, fully fenced.
      701 SE Combs Flat Rd, Prineville, OR 97754
      View Details
    • $1,155,000
      4,800 SF

      Net-Leased Retail in Prineville

      Two-tenant retail building in established shopping center.
      1565 NE 3Rd St, Prineville, OR 97754
      View Details
    • Contact for pricing
      3,053 SF

      Versatile Flex Space in Prineville

      Flexible office and warehouse spaces near major transportation routes.
      1051 SW Layton Ct, Prineville, OR 97754
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Historic Diner, Turn-Key Operation
    Where is this commercial real estate located?
    The property is located at 229 Main St Prineville, OR.
    What is the asking price?
    The asking price for this property is $569,995.
    (541) 325-7550
    Request Owner's contact information
    229 Main St Prineville, OR 97754
    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.
    229 Main St
    Prineville, OR 97754
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    229 Main St Prineville, OR 97754
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.