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Industrial Property with Caretaker Residence
For Sale
$400,000

1603 Cove Ave, La Grande, OR 97850

LG-I1-zoned property combines commercial space with an upstairs caretaker residence and lower-level ramp access.

Property Size880 SF
Price / SF$454.55
Days on Market79

Property Features for 1603 Cove Ave

General Information

Standard status Active
Size 880 SF
Zoning LG-I1

Building Details

Year Built 1925
Listing Agency: Blue Summit Realty Group
Listed By: Todd McAndie · License #201248445
Source: Evokepropertypartners
Added: Jul 29 Changed: Oct 5 Last Checked: Oct 7 at 3:13PM

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 Blue Summit Realty Group

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Investment Insights

Based on property information with market context.

Built in 1925, this 11,700± square-foot industrial property includes a concrete ramp to the lower level and ample off-street parking. An upstairs caretaker residence adds 880± square feet with one bedroom, one bathroom, and a full kitchen.

The property is located at 1603 Cove Ave in downtown La Grande, Oregon, with convenient access and strong street exposure. LG-I1 zoning is identified for the site. The separate residential component may support onsite management, employee housing, or rental income, subject to applicable requirements.

Key Highlights

  • 11,700± square feet of commercial property
  • 880± square‑foot upstairs caretaker residence
  • Residence includes one bedroom, one bathroom, and a full kitchen

Property Analytics

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Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Law Firm Skin Care Clinic HVAC Service (Bike/Boat/Book/etc) Store Electrical Service

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

Location Intelligence

Trade Area within ½ mile

710
Businesses Nearby

Demographics for 97850, OR

17,197
Population
7,501
Households
2.3
Avg Household Size
37
Median Age
27%
College-Educated
94%
High-School Grad
320.2 sq mi
ZIP Area
54
Density / Sq Mi
$62,411
Median Household Income
$34,164
Median Earnings
$973
Median Rent
$264,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Frequently Asked Questions

What type of property is this?
Industrial property - LG-I1-zoned property combines commercial space with an upstairs caretaker residence and lower-level ramp access.
Where is this industrial property located?
The property is located at 1603 Cove Ave La Grande, OR.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 11,700± square feet of commercial property; 880± square‑foot upstairs caretaker residence; Residence includes one bedroom, one bathroom, and a full kitchen
More about this property
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