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    1285 Madison St NE Salem, OR 97301

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    For Lease
    $5,300 /Mo ($12 SF/Yr)

    12,000 SF commercial space with unique amenities available for rent.

    Property size:
    5,000 SF
    Lot size:
    0.32 Acres

    Property Features for 1285 Madison St NE

    General Information

    Size
    5,000 SF
    Lot size
    0.32 Acres

    Source: NLC Commercial Real Estate Agent Ian Levin

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

    Overview

    Versatile Commercial Space for Rent

    This commercial space offers a total of 12,000 square feet. The main level provides 5,000 square feet of space, complemented by an additional 5,000 square feet in the basement and a 2,000 square foot mezzanine. Previously used as a food bank, the property includes insulated walk-in coolers and private offices. It features dock high access and a fire suppression system. The building utilizes wood-framed construction. The property is located at 1285 Madison St NE, Salem, OR.
    Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

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

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

    Similar Places Nearby

    Storage Facility, Silverton RV and Boat Storage, AM-PM Movers, Cherry Avenue Storage

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.0171705
    Latitude
    44.9540332

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    FAQs

    What type of property is this?
    Warehouse - 12,000 SF commercial space with unique amenities available for rent.
    Where is this warehouse located?
    The property is located at 1285 Madison St NE Salem, OR.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: - 12,000 sf of commercial space.; - Versatile layout with **5,000 sf on the main level, 5,000 sf in the basement, and a 2,000 sf mezzanine.**; - Formerly a food bank with insulated walk-in coolers.
    (503) 383-8173
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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
    1285 Madison St NE Salem, OR 97301
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