Retail Space with Window
For Lease
$2,625/Mo
1071 Commercial St SE, Salem, OR 97302
CR-zoned space offers window signage, bus-line access and on-site surface parking.
Space Size1,500 SF
Days on Market178
Property Features for 1071 Commercial St SE
General Information
Standard status
Active
Size
1,500 SF
Net Rentable
1,500 SF
Total Parking Spaces
18
Zoning
CR
Lease Type
Modified Gross
Space & Availability
Available Space
1,500 SF
Contiguous Space
1,500 SF
Space Use
Retail
Lease Terms
Lease Rate
$2,625 /MO
Monthly Rent
$2,625
Rent per SF/Year
$21
Site & Location
Neighborhood
Central Area Neighborhood Development Organization (can-Do)
Frontage
86 ft
Traffic Count
25,545 vehicles/day
Amenities
bus line access
building / window signage opportunity
Building Details
Building Size
1,500 SF
Listing Agency:
Smi Real Estate
(503) 390-6060
Listed By:
Brandon Whitehead · License #200804138
(503) 551-8901
Source:
Horsepowerrealestateproperties
Added: May 8
Changed: Oct 30
Last Checked: Oct 30 at 3:32PM
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 Smi Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,500-square-foot retail space at 1071 Commercial St SE in Salem has approximately 86 feet of frontage. Window and building signage opportunities are available, and the property includes 18 surface parking spaces. The space is zoned CR.
Bus-line access serves the property. Traffic near the site is approximately 25,545 vehicles per day. The landlord handles maintenance; the tenant pays a proportional share of taxes and insurance.
Bus-line access serves the property. Traffic near the site is approximately 25,545 vehicles per day. The landlord handles maintenance; the tenant pays a proportional share of taxes and insurance.
Key Highlights
- 1,500 SF of retail space
- Approximately 86 feet of frontage on Commercial St SE
- Building and window signage opportunities
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
25,545 VPD
Traffic count
NNN (Triple Net)
Lease Type
$3.15 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 97302, OR
39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Salem, OR
$29.93 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
7,878 SF
Avg Space Size
This space is priced 30% below the average of $29.93 /SF/Yr.
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - CR-zoned space offers window signage, bus-line access and on-site surface parking.
Where is this retail space located?
The property is located at 1071 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $2,625/Mo.
What are key features of this property?
This property features: 1,500 SF of retail space; Approximately 86 feet of frontage on Commercial St SE; Building and window signage opportunities
