Listing Agency: Coldwell Banker Commercial - Mountain West | Salem a***@cbcre.com Show Phone

Listed By: Alex Rhoten · License #841000042

Source: Moodyscre

Added: Aug 3 Changed: Aug 9 Last Checked: Aug 9 at 2:42AM

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Investment Insights

Based on property information with market context.

This 6,575-square-foot retail building includes office use and has undergone renovation. The property is currently occupied by a museum, with relocation planned to the library, creating a future change in occupancy and use. Located at 281 S 2nd St in downtown Independence, the building offers a commercial setting for retail or office operations.

Key Highlights

• 6,575‑square‑foot retail and office building
• Recently renovated building
• Current museum occupancy with relocation planned to the library

Property Analytics

Current Use

Independence Heritage Museum Museum

Suggested Use

Top Pick Real Estate Agency Auto Parts Store HVAC Service Dental Office Kitchen & Bath Showroom 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

327

Businesses Nearby

Explore this area Business Placement

Demographics for 97351, OR

11,292

Population

3,697

Households

3.1

Avg Household Size

34

Median Age

25%

College-Educated

89%

High-School Grad

52.3 sq mi

ZIP Area

216

Density / Sq Mi

$84,717

Median Household Income

$40,990

Median Earnings

$1,592

Median Rent

$357,700

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?

Retail space - Renovated retail and office building with an established downtown setting.

Where is this retail space located?

The property is located at 281 S 2nd St Independence, OR.

What is the asking price?

The asking price for this property is $825,000.

What are key features of this property?

This property features: 6,575‑square‑foot retail and office building; Recently renovated building; Current museum occupancy with relocation planned to the library