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    144 S Main St Independence, OR 97351

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    For Sale
    $1,050,000

    Iconic, renovated mixed-use building in downtown Independence, Oregon.

    Property size:
    5,150 SF
    Lot size:
    0.10 Acres

    Property Features for 144 S Main St

    General Information

    Size
    5,150 SF
    Lot size
    0.10 Acres

    Source: Coho Commercial Agent Peter Braunworth

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

    Overview

    Historic "Belt Building" For Sale

    The "Belt Building", a historic property in downtown Independence, Oregon, is available for purchase. Known for housing Main Street Antiques, this building has undergone meticulous restoration and structural reinforcement. The fully renovated building exudes character. The ground floor space is versatile and suitable for retail, office, or food service use. The property includes a spacious 2-bedroom, 1-bathroom apartment upstairs, complete with laundry facilities. An oversized 2-car garage featuring high ceilings and a restroom adds further value. The building has frontage on Main Street, directly across from the fountain at Riverfront Park. The property is suitable for investors or business owners.
    Insight Report Location Intelligence

    Current Use by Public Records

    Coho Realty Real Estate Agency Kelsey Bruce Real ... Real Estate Agent Shawn Shukle -Coho ... Real Estate Agent

    Suggested Use

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

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

    Similar Places Nearby

    Ruby Rose, Floral, Plants & Gifts

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.18492
    Latitude
    44.852442

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    FAQs

    What type of property is this?
    Storefront property - Iconic, renovated mixed-use building in downtown Independence, Oregon.
    Where is this storefront property located?
    The property is located at 144 S Main St Independence, OR.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Fully renovated historic "Belt Building" in downtown Independence, OR, offering a blend of character and modern functionality.; - Versatile ground floor space suitable for retail, office, or food service, providing immediate income potential.; - Spacious 2-bedroom, 1-bathroom apartment upstairs with laundry facilities, adding significant value and rental income possibilities.
    (503) 385-8835
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    144 S Main St Independence, OR 97351
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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
    144 S Main St Independence, OR 97351
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