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    1313 Mill St SE Salem, OR 97301

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    For Lease
    $1.70 SF/Yr ($8,286 /Mo)

    Unique retail spaces in a vibrant, historic Salem center.

    Property size:
    58,492 SF
    Lot size:
    58,492 SF

    Property Features for 1313 Mill St SE

    General Information

    Size
    58,492 SF

    Building Details

    Year built
    1915

    Source: Nick Williams, CCIM Agent Nick Williams, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Retail Space for Rent

    Located at the Willamette Heritage Center, this property offers a leasing opportunity in a historic setting. The location is minutes from Salem Health and Willamette University. The property benefits from foot traffic from visitors, students, and professionals. The site's history and prime location are suited for businesses seeking a unique setting. The property features a park-like setting and on-site dining. Abundant parking is available. The property is near major employment centers. The base rent is $1.70/SF. Flexible build-out options are available. The property is centrally located.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bella Hill Gift Shop Beauty Boutique at the Mill Beauty Salon Pendleton Clothing Store Taproot OLD MILL ... Restaurant Cardinal Creative Group Gift Shop

    Suggested Use

    Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0270356
    Latitude
    44.9344231

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    FAQs

    What type of property is this?
    Retail space - Unique retail spaces in a vibrant, historic Salem center.
    Where is this retail space located?
    The property is located at 1313 Mill St SE Salem, OR.
    What is the lease rate?
    The lease rate is $1.70 SF/Yr.
    What are key features of this property?
    This property features: - Unbeatable value at $1.70/SF base rent with minimal additional expenses.; - Prime location near Salem Health and Willamette University.; - Strong foot traffic from visitors, students, and professionals.
    (503) 569-4449
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    1313 Mill St SE Salem, OR 97301
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    Salem, OR 97301
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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
    1313 Mill St SE Salem, OR 97301
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