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Downtown Retail Storefront Suites
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241 Liberty St NE, Salem, OR 97301

Retail spaces available in the PGE and Yeater buildings in downtown Salem with active co-tenancy.

Space Size636 SF
Days on Market490

Property Features for 241 Liberty St NE

General Information

Standard status Active
Size 636 SF
Property subtype RETAIL
Lease Type Modified Gross

Spaces For Lease

at 241 Liberty St NE Contact us

241 Liberty St NE $1.55/SF/Mo

Floor
1
Size
636 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
Availability
AVAILABLE, Now
Sublease
No
Spaces available in the PGE & Yeater buildings located in downtown Salem. Co-Tenants...
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Listing Agency: SMI Real Estate
Listed By: Elesa Doll · License #200708163
Source: Moodyscre
Added: Apr 11, 2025 Changed: Aug 8 Last Checked: Aug 12 at 12:23PM

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 SMI Real Estate

Investment Insights

Based on property information with market context.

Retail spaces are available in the PGE and Yeater buildings in downtown Salem. The spaces join an established mix of surrounding businesses, with current co-tenants including The Cozy Taberna, Johnny Matthew’s Salon & School, Kraftworks Taphouse, Le Motive Salon, Rejuven8, and others.

The property is located at 241 Liberty St NE, Salem, OR 97301. Availability includes an incentive of two months free rent with an acceptable lease term.

Suites within these storefront buildings offer a practical option for retailers looking to locate alongside an occupied downtown tenant mix.

Key Highlights

  • Retail spaces available in the PGE & Yeater buildings in downtown Salem
  • Active co‑tenancy includes The Cozy Taberna, Johnny Matthew’s Salon & School, Kraftworks Taphouse, and Le Motive Salon
  • Includes a leasing incentive: 2 months free rent with an acceptable lease term

Property Analytics

Current Use

Kraftworks Taphouse Bar & Pub

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Catering Service Plumbing Service Fish Market

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

3,569
Businesses Nearby
Well-served
Demand for This Use

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

$20.66 /SF/Yr
Avg Asking Price
$14.4–$25 /SF/Yr
Price Range
10,850 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?
Storefront property - Retail spaces available in the PGE and Yeater buildings in downtown Salem with active co-tenancy.
Where is this storefront property located?
The property is located at 241 Liberty St NE Salem, OR.
What are key features of this property?
This property features: Retail spaces available in the PGE & Yeater buildings in downtown Salem; Active co‑tenancy includes The Cozy Taberna, Johnny Matthew’s Salon & School, Kraftworks Taphouse, and Le Motive Salon; Includes a leasing incentive: 2 months free rent with an acceptable lease term
(503) 884-1273 Call to check price and availability
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