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Downtown Two-Story Office Building
New
For Lease
$745/Mo

305 - 321 Court Street NE, Salem, OR 97301

Professional office space with shared amenities and nearby client parking in central Salem.

Space Size120 SF - 250 SF
Property Size17,625 SF
Lot Size0.14 Acres
Days on Market6

Property Features for 305 - 321 Court Street NE

General Information

Standard status Active
Size 120 SF - 250 SF
Class B
Lot size 0.14 Acres
Property subtype Office - General Office
Occupancy 98%

Space & Availability

Floor 2
Space Use Office

Additional Details

Highway Access Yes

Building Details

Building Size 17,625 SF
Year Built 1940
Stories 2

Spaces For Lease

at 305 - 321 Court Street NE Contact us

Suite 203B

Size
120 SF
Type
Office
Lease Type
Full Service
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us

Suite 211

Size
250 SF
Type
Office
Lease Type
Full Service
Availability
Immediate
Sublease
No
Renewal Option
Yes
Contact us
Listing Agency: Hancock Real Estate
Listed By: Terry Hancock · License #200110013
Source: Commercialcafe
Added: Sep 21 Last Checked: Sep 26 at 3:51AM

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 Hancock Real Estate

Investment Insights

Based on property information with market context.

This 17,625-square-foot, two-story office building occupies 0.14 acre at 305–321 Court Street NE in downtown Salem. Constructed in 1940, the property includes two second-floor office suites with access to shared building amenities. The building is reported as 98% leased, combining occupied space with available office suites within the same property.

The location provides a walkable downtown setting near the Oregon State Capitol, state government offices, restaurants, retail, and professional services. Highway 22 and Interstate 5 offer regional access through the Mid-Willamette Valley and toward the Portland metro area. Free client and patron parking is available at the nearby Chemeketa Parkade.

Key Highlights

  • 17,625 SF two‑story office building on 0.14 acre
  • Two second‑floor office suites available
  • 98% leased building

Property Analytics

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Current Use

Winslow Boutique Clothing Store

Suggested Use

Top Pick Electrical Service (Bike/Boat/Book/etc) Store HVAC Service Catering Service Butcher 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

98%
Occupancy
Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

3,569
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Lease Benchmarks for Salem, OR

$22 /SF/Yr
Avg Asking Price
$16–$27 /SF/Yr
Price Range
18,872 SF
Avg Space Size

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 building - Professional office space with shared amenities and nearby client parking in central Salem.
Where is this office building located?
The property is located at 305 - 321 Court Street NE Salem, OR.
What is the lease rate?
The lease rate is $745/Mo.
What are key features of this property?
This property features: 17,625 SF two‑story office building on 0.14 acre; Two second‑floor office suites available; 98% leased building
More about this property
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