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Historic Retail Space for Lease
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1313 Mill St SE, Salem, OR 97301

Unique retail spaces in a historic, vibrant, and centrally located campus.

Space Size263 SF - 1,065 SF
Property Size58,492 SF
Days on Market206

Property Features for 1313 Mill St SE

General Information

Standard status Active
Size 263 SF - 1,065 SF
Property subtype Retail
Lease Term NNN

Building Details

Building Size 58,492 SF
Year Built 1915

Spaces For Lease

at 1313 Mill St SE Contact us

Suite 103 $1.70/SF/Mo

Size
263 SF
Type
Specialty Center
Term
Negotiable
Contact us

Suite 107 $1.70/SF/Mo

Size
929 SF
Type
Community Center
Term
Negotiable
Contact us

Suite 110 $1.70/SF/Mo

Size
1,065 SF
Type
Community Center
Term
Negotiable
Contact us

Suite 201 $1.70/SF/Yr

Size
600 SF
Type
Creative/Loft
Term
Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Nick Williams, CCIM · License #201230204
Source: Corfac
Added: Jan 26 Changed: Aug 8 Last Checked: Aug 20 at 4:23AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Capacity Commercial Group

Investment Insights

Based on property information with market context.

The Willamette Heritage Center offers leasing opportunities in a historic setting, minutes from Salem Health and Willamette University. The location benefits from foot traffic from visitors, students, and professionals. The site's history and location are suited for businesses seeking a unique setting. The property features a park-like setting, on-site dining, and abundant parking. Base rent is $1.70/SF with minimal additional expenses. Flexible build-out options and walkability to key institutions are available.

Key Highlights

  • Unbeatable value with a low base rent of $1.70/SF and minimal additional expenses.
  • Prime location near Salem Health and Willamette University.
  • Historic character and unique, vibrant campus setting.

Property Analytics

Current Use

Bella Hill (Bike/Boat/Book/etc) Store Beauty Boutique at the Mill Hair Salon Pendleton Clothing Store Taproot OLD MILL ... Restaurant Cardinal Creative Group (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick HVAC Service Electrical Service (Bike/Boat/Book/etc) Store Storage Facility Pet Grooming Service Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

2,530
Businesses Nearby

Demographics for 97301, OR

56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value

Market

Lease Benchmarks for Salem, OR

$25.15 /SF/Yr
Avg Asking Price
$10–$38 /SF/Yr
Price Range
10,351 SF
Avg Space Size

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Unique retail spaces in a historic, vibrant, and centrally located campus.
Where is this retail space located?
The property is located at 1313 Mill St SE Salem, OR.
What are key features of this property?
This property features: Unbeatable value with a low base rent of $1.70/SF and minimal additional expenses.; Prime location near Salem Health and Willamette University.; Historic character and unique, vibrant campus setting.
More about this property
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