Building Details

Year Built 1922

Buildings 1

Stories 2

Listing Agency: Streamline Real Estate

Listed By: Hung La Show Phone

Source: Southwestwahomefinder

Added: Aug 31 Changed: Oct 25 Last Checked: Oct 28 at 8:49AM

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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.

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 / Yr

$44,192

Cap Rate

8.84%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$883,840 $883.8K

Cap Rate 7%

$631,314 $631.3K

Cap Rate 9%

$491,022 $491.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,462 SF

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 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 (±1% cap)

NOI $56,994 @ 7.0% cap · market cap 11.40%

Second Best

Mixed Use

$631.3K

$552.4K – $736.5K (±1% cap)

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. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Dental Office Building Supply Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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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