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Downtown Madras Office Suite Available
For Lease
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242 SW 4th St, Madras, OR 97741

Office suite with private restroom in visible downtown Madras location.

Space Size800 SF
Days on Market1871

Property Features for 242 SW 4th St

General Information

Standard status Active
Size 800 SF
Total Parking Spaces 20
Property subtype Special Purpose, Office
Lease Type NNN

Building Details

Building Size 800 SF
Year Built 1979
Tenancy Multiple

Spaces For Lease

at 242 SW 4th St Contact us

Available Space 2

Size
800 SF
Type
Office, Special Purpose
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Willow Canyon Group
Listed By: Richard (Rick) Allen · License #OR 200604216
Source: Crexi
Added: Jul 7, 2021 Changed: Aug 16 Last Checked: Aug 20 at 5:41AM

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 Willow Canyon Group

Investment Insights

Based on property information with market context.

This office suite offers nearly 800 square feet of space and includes a private restroom. It is situated in a visible downtown Madras location, across from Black Bear Diner. The layout features three private offices, a conference room, and an IT room. The suite is ADA accessible and provides street-level, off-street parking. It is suitable for a professional office, medical or counseling business, CPA, or legal practice. Current tenants include a non-profit, massage therapist, chiropractor, and general business office. General retail is not permitted. The monthly rent is $800, with an additional $205 per month common area charge covering sewer, water, snow plowing, real property taxes, and building fire insurance. The tenant is responsible for electricity and natural gas, including air conditioning costs.

Key Highlights

  • Visible downtown Madras location, across from Black Bear Diner
  • Private restroom and nearly 800 sq. ft. office suite
  • Includes 3 private offices, conference room, and IT room

Property Analytics

Current Use

Office Units

Suggested Use

Top Pick Parking Lot & Garage Big Box & Wholesale Store HVAC Service (Bike/Boat/Book/etc) Store Electrical Service Carpet & Flooring 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.

Lease Details

NNN (Triple Net)
Lease Type
$1.80 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

639
Businesses Nearby

Demographics for 97741, OR

13,753
Population
4,777
Households
2.9
Avg Household Size
39
Median Age
21%
College-Educated
86%
High-School Grad
363.9 sq mi
ZIP Area
38
Density / Sq Mi
$69,696
Median Household Income
$37,641
Median Earnings
$993
Median Rent
$308,900
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
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Frequently Asked Questions

What type of property is this?
Office units - Office suite with private restroom in visible downtown Madras location.
Where is this office units located?
The property is located at 242 SW 4th St Madras, OR.
What is the lease rate?
The lease rate is $12 SF/Yr.
What are key features of this property?
This property features: Visible downtown Madras location, across from Black Bear Diner; Private restroom and nearly 800 sq. ft. office suite; Includes 3 private offices, conference room, and IT room
(541) 475-2220 Call to check price and availability
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