Mixed-Use Building with
For Sale
$500,000
109 N Main St, Mount Angel, OR 97362
Operating restaurant space below an upstairs apartment supports a flexible two-level commercial configuration.
Property Size3,462 SF
Lot Size0.07 Acres
Price / SF$144.43
Days on Market8
Property Features for 109 N Main St
General Information
Standard status
Active
Size
3,462 SF
Lot size
0.07 Acres
Property subtype
Commercial
Zoning
CG
Additional Details
Road Access
Yes
Building Details
Year Built
1922
Buildings
1
Stories
2
Listing Agency:
Streamline Real Estate
Listed By:
Hung La
(971) 409-4166
Source:
Southwestwahomefinder
Added: Sep 1
Changed: Sep 6
Last Checked: Sep 7 at 9:56AM
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 Streamline Real Estate
Investment Insights
Based on property information with market context.
This 3,462-square-foot mixed-use building combines an operating restaurant on the main floor with an apartment above. Constructed in 1922, the property occupies a 0.07-acre lot and carries CG (Commercial General) zoning. The building was previously used as a bar, adding to its restaurant and hospitality history.
Located at 109 N Main St in downtown Mt. Angel, the property has Main Street frontage. A roof installed approximately two years ago is among the recent property updates.
Located at 109 N Main St in downtown Mt. Angel, the property has Main Street frontage. A roof installed approximately two years ago is among the recent property updates.
Key Highlights
- 3,462 sq. ft. mixed‑use building constructed in 1922
- Operating restaurant occupies the main floor
- Upstairs apartment provides a separate residential component
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,192
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,840
$883.8K
Cap Rate 7%
$631,314
$631.3K
Cap Rate 9%
$491,022
$491.0K
Market Conditions
NOI Build-Up for 3,462 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$76.9K $22.20/SF
− Vacancy
−$6.1K −$1.78/SF
EGI
$70.7K $20.42/SF
− OpEx
−$26.5K −$7.66/SF
NOI
$44.2K $12.77/SF
Area
Marion County, OR
Vacancy
8.00%
Lease Rate
$22.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$883,840
Cap Rate 7%
$631,314
Cap Rate 9%
$491,022
Alternative Uses
Best Use
Specialty Retail
$814.2K
$712.4K – $949.9K
NOI $56,994 @ 7.0% cap · market cap 11.40%
Second Best
Mixed Use
$631.3K
$552.4K – $736.5K
NOI $44,192 @ 7.0% cap · market cap 8.84%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Explore this area
Business Placement
Demographics for 97362, OR
4,397
Population
1,377
Households
3.2
Avg Household Size
39
Median Age
19%
College-Educated
78%
High-School Grad
23.4 sq mi
ZIP Area
188
Density / Sq Mi
$62,813
Median Household Income
$37,177
Median Earnings
$1,199
Median Rent
$420,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Operating restaurant space below an upstairs apartment supports a flexible two-level commercial configuration.
Where is this mixed-use property located?
The property is located at 109 N Main St Mount Angel, OR.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,462 sq. ft. mixed‑use building constructed in 1922; Operating restaurant occupies the main floor; Upstairs apartment provides a separate residential component
