Historic Church with Commercial
220 E Graham Street Toledo, OR 97391
220 E Graham Street, Toledo, OR, 97391
Contact for pricing
For Sale
Contact for pricing
1880 historic sanctuary with a commercial kitchen and lower-level gathering space suited for events and food-related uses.
Property Size3,387 SF
Price / SF$118.10
Days on Market58
Property Features for 220 E Graham Street
General Information
- Standard status
- Active
- Size
- 3,387 SF
- Property subtype
- Mixed Use, Special Purpose
Building Details
- Year Built
- 1880
Listing agency
Martek Real Estate
Listed by
Victoria Strauss
Source
Crexi
Added: May 26 Updated: Jul 10 at 1:50PM Checked: Jul 20 at 4:17AM
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 Martek Real Estate
Investment Insights
Based on property information with market context.
Built in 1880, this historically listed church offers a distinctive upper sanctuary and a fully usable lower level. The sanctuary features soaring gothic-style windows, warm wood interiors, and exceptional acoustics, with an interior layout designed for gatherings and performances. The lower level includes a spacious gathering room with abundant built-in storage, a commercial kitchen, and an inviting fireplace room with cozy wood paneling. A private office and a half bath are also included, and a chair lift provides assistance between the lower and upper levels.
The property is located in the Toledo Arts District, offering a setting tied to arts and community programming. Its historic character and architectural features make it well-suited for organizations seeking an expressive venue within a creative district.
For buyers looking to adapt a landmark building, the existing sanctuary and acoustics support event space, studio or gallery conversion, and music-venue concepts. The presence of a commercial kitchen also broadens the range of potential uses toward restaurant or catered-event operations, while the additional rooms and built-in storage support day-to-day hospitality and programming needs.
The property is located in the Toledo Arts District, offering a setting tied to arts and community programming. Its historic character and architectural features make it well-suited for organizations seeking an expressive venue within a creative district.
For buyers looking to adapt a landmark building, the existing sanctuary and acoustics support event space, studio or gallery conversion, and music-venue concepts. The presence of a commercial kitchen also broadens the range of potential uses toward restaurant or catered-event operations, while the additional rooms and built-in storage support day-to-day hospitality and programming needs.
Key Highlights
- Historic 1880 church listed on the Historic Registry
- Sanctuary features soaring gothic‑style windows, warm wood interiors, and exceptional acoustics
- Lower level includes a spacious gathering room with abundant built‑in storage
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.8k | $14.40 |
| − Vacancy | −$1.8k | −$0.53 |
| EGI | $47.0k | $13.87 |
| − OpEx | −$11.7k | −$3.47 |
| NOI | $35.2k | $10.40 |
3,387 SF · lease $14.40/SF/yr · vacancy 3.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$503.2K
$440.3K – $587.1K
NOI $35,226 @ 7.0% cap · market cap 8.81%
Second Best
Industrial
$489.3K
$428.1K – $570.8K
NOI $34,248 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$883.4K
$773.0K – $1.03M
NOI $61,841 @ 7.0% cap · market cap 15.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Churches & religious facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Church & religious facility - 1880 historic sanctuary with a commercial kitchen and lower-level gathering space suited for events and food-related uses.
Where is this church & religious facility located?
The property is located at 220 E Graham Street Toledo, 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: Historic 1880 church listed on the Historic Registry; Sanctuary features soaring gothic‑style windows, warm wood interiors, and exceptional acoustics; Lower level includes a spacious gathering room with abundant built‑in storage
