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Corner Lot Former Bank Building
For Sale
Contact for pricing

229 N First Street, Drain, OR 97435

Office/retail opportunity with parking and drive-up window in Drain.

Property Size3,490 SF
Price / SF$67.34
Days on Market200

Property Features for 229 N First Street

General Information

Standard status Active
Size 3,490 SF
Property subtype Office, Retail
Zoning Commercial

Building Details

Year Built 1948
Buildings 1
Stories 2
Units 1
Listing Agency: All-Pro Realty Advisors - Melony Marsh
Listed By: Melony Marsh, CCIM · License #OR
Source: Crexi
Added: Feb 3 Changed: Aug 21 Last Checked: Aug 21 at 1:51PM

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 All-Pro Realty Advisors - Melony Marsh

Investment Insights

Based on property information with market context.

This property presents a significant opportunity for office or retail use, situated on a corner lot. The building features ample on-site parking and a drive-up window. The upstairs area includes a break room equipped with a refrigerator, a restroom, and storage space. Formerly a bank, the building is located in the central business district of Drain.

Key Highlights

  • Corner lot location in the heart of Drain's business district.
  • Onsite parking.
  • Convenient drive‑up window.

Property Analytics

Current Use

U.S. Bank Branch Bank U.S. Bank ATM ... Atm

Suggested Use

Top Pick Plumbing Service Building Supply Auto Parts Store Storage Facility Butcher Big Box & Wholesale Store

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

138
Businesses Nearby
Well-served
Demand for This Use

Demographics for 97435, OR

2,326
Population
1,108
Households
2.1
Avg Household Size
47
Median Age
16%
College-Educated
87%
High-School Grad
99.0 sq mi
ZIP Area
23
Density / Sq Mi
$54,679
Median Household Income
$34,788
Median Earnings
$978
Median Rent
$270,800
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Office space - Office/retail opportunity with parking and drive-up window in Drain.
Where is this office space located?
The property is located at 229 N First Street Drain, OR.
What is the asking price?
The asking price for this property is $235,000.
What are key features of this property?
This property features: Corner lot location in the heart of Drain's business district.; Onsite parking.; Convenient drive‑up window.
(541) 696-1600 Call to check price and availability
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