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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 Size300 SF - 929 SF
Property Size58,492 SF
Days on Market254

Property Features for 1313 Mill St SE

General Information

Standard status Active
Size 300 SF - 929 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 107 $1.50/SF/Mo

Size 929 SF
Type Community Center
Term Negotiable
Contact us

Suite 109A $1.50/SF/Mo

Size 514 SF
Term Negotiable
Contact us

Suite 110 $1.50/SF/Mo

Size 300 SF
Type Community Center
Term Negotiable
Contact us

Suite 201 $1.50/SF/Mo

Size 600 SF
Type Creative/Loft
Term Negotiable
Contact us

Suite 202 $1.50/SF/Mo

Size 422 SF
Type Community Center
Term Negotiable
Contact us
Listing Agency: Capacity Commercial Group
Listed By: Nick Williams, CCIM · License #201230204
Source: Capacitycommercial
Added: Jan 26 Changed: Sep 18 Last Checked: Oct 7 at 8:58AM

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

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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 Storage Facility Pet Grooming Service (Bike/Boat/Book/etc) Store 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Salem, OR

$31 /SF/Yr
Avg Asking Price
$10–$117 /SF/Yr
Price Range
8,200 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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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.
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