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    1415 Commercial St SE Salem, OR 97302

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    For Lease
    $725,000

    Beautifully appointed, centrally located office space with parking.

    Property size:
    1,185 SF
    Lot size:
    0.17 Acres

    Property Features for 1415 Commercial St SE

    General Information

    Size
    1,185 SF
    Lot size
    0.17 Acres

    Source: First Commercial Real Estate Agent Jordan Truitt

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

    Overview

    Charming Historic Office Cottage in Salem

    This centrally located, private cottage in the heart of Salem offers a blend of historic charm and modern design. Originally built in 1910, the property features original hardwood floors and an open design. The layout supports an open workflow with common workspaces and two private main level offices. A main level kitchen facilitates hosting and entertaining. Upstairs, a reception area leads to a full restroom with a bathtub, three private offices, storage space, and a built-in wet bar. The property benefits from a prominent location on the signalized corner of Commercial and Meyers Streets, with monument signage visible to over 20,000 vehicles per day. On-site parking is available for up to six vehicles, along with private entrances. The property includes one HVAC unit and one hot water heater. Recent seismic and waterproofing improvements have been made to the concrete foundation. Ample storage room is available in a dry and secure location. The property offers 1185 square feet of office space and is available as early as March 1st. This property is suitable for businesses seeking a unique and accessible location.
    Insight Report Location Intelligence

    Current Use by Public Records

    Law Office of Jon ... Employment Attorney Harmon Johnson LLC Civil Law Attorney Oak Harbor Lines Park

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.044609
    Latitude
    44.9269989

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    FAQs

    What type of property is this?
    Office space - Beautifully appointed, centrally located office space with parking.
    Where is this office space located?
    The property is located at 1415 Commercial St SE Salem, OR.
    What are key features of this property?
    This property features: - Prominent corner location on Commercial and Meyers Streets with monument sign exposure to over 20,000 vehicles daily.; - Dedicated on-site parking for up to 6 vehicles and private entrances.; - Two main level offices, three upstairs private offices, and common workspaces.
    (503) 364-7400
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    1415 Commercial St SE Salem, OR 97302
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    Salem, OR 97302
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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
    1415 Commercial St SE Salem, OR 97302
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