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    181-195 High St NE Salem, OR 97301

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    For Sale
    $4,575,000

    38,450 SF historic building with office, retail, and event spaces.

    Property size:
    38,450 SF
    Lot size:
    0.33 Acres

    Property Features for 181-195 High St NE

    General Information

    Size
    38,450 SF
    Lot size
    0.33 Acres

    Source: Hancock Real Estate Agent Terry Hancock

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

    Overview

    Historic Mixed-Use Building in Salem

    Built in 1900, this historic building in Salem offers 38,450 square feet of office, retail, theater, restaurant, and event spaces. Situated on 0.50 acres, the property has historically been known as the Chemeketa Lodge No 1, Odd Fellows Building, and now the Historic Grand. For over a century, this central location has served as a central meeting hub in Salem. The current owners have invested approximately $2.5 million in infrastructure updates and theater upgrades.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Building Supply Nail Salon Auto Repair Shop 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
    -123.0371058
    Latitude
    44.9403284

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    FAQs

    What type of property is this?
    Shopping mall - 38,450 SF historic building with office, retail, and event spaces.
    Where is this shopping mall located?
    The property is located at 181-195 High St NE Salem, OR.
    What is the asking price?
    The asking price for this property is $4,575,000.
    What are key features of this property?
    This property features: - Significant recent investment of approximately $2.5 million in infrastructure and theatre upgrades.; - Substantial 38,450 SF building suitable for diverse uses.; - Prime central location in Salem with a century-long history as a community gathering hub.
    (503) 370-2581
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    181-195 High St NE 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
    181-195 High St NE Salem, OR 97301
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