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    523 Main St E Monmouth, OR 97361

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    For Sale
    Contact for pricing

    Prime retail space ideal for redevelopment or owner-user.

    Property Features for 523 Main St E

    General Information

    Zoning
    CR

    Building Details

    Year built
    1976

    Source: Kevin VandenBrink Agent Kevin VandenBrink

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

    Overview

    Redevelopment Opportunity in Monmouth, Oregon

    This retail space is located one block from a signalized intersection in a high-traffic corridor on Main Street, just off Highway 99W and less than 1 mile from Western Oregon University in Monmouth, Oregon. Formerly occupied by Washington Federal, the property is suitable for redevelopment or a restaurant owner-user. The city of Monmouth is located in Polk County, 20 minutes west of Salem. The property was built in 1976 and has one story. Monmouth’s educational opportunities rank as one of the highest in the state. The parcel number is 190392.
    Insight Report Location Intelligence

    Current Use by Public Records

    WaFd Bank Bank

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon 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
    Monmouth
    County
    Polk
    State
    Oregon
    Longitude
    -123.24212
    Latitude
    44.848267

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    FAQs

    What type of property is this?
    Bank - Prime retail space ideal for redevelopment or owner-user.
    Where is this bank located?
    The property is located at 523 Main St E Monmouth, OR.
    What are key features of this property?
    This property features: - Prime retail space in a high-traffic location on Main Street.; - Redevelopment opportunity or ideal for a restaurant owner-user.; - Located one block from a signalized intersection.
    (503) 972-7289
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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
    523 Main St E Monmouth, OR 97361
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