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Fully Fenced Farmland Parcel
For Sale
$399,000

TA 341853 Michigan City Ln NW, Salem, OR 97304

LAND - Salem, OR

Property SizeContact for details
Lot Size19.67 Acres
Days on Market102

Property Features for TA 341853 Michigan City Ln NW

General Information

Property type Land
Property subtype Other
Zoning EFU
Lot features Dimension Above, Lot: *
Directions Wallace Rd North, Left on Michigan City.
Standard status Active
APN 341853
Lot size 19.67 Acres

Taxes and HOA fees

Tax Year 2025
Tax Annual Amount 197

Utilities

Water source Well
Listing Agency: REALTY ONE GROUP WILLAMETTE VALLEY
Listed By: MIKE EASTLUND · License #200910041
Added: May 11 Changed: Jul 20 Last Checked: Aug 20 at 5:06AM
MLS# 840958

Copyright © 2026 Willamette Valley Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This EFU-zoned farmland offering features level, usable ground and is fully fenced. The property is described as rural and suitable for agricultural use, livestock, or long-term land investment, with the buyer responsible for confirming permitted uses and best use under EFU zoning through their own due diligence.

The land has easy access from a paved road and is located adjacent to city limits, providing proximity to town amenities while remaining within a rural setting.

The parcel is approximately 19.67 acres and is presented as a single contiguous tract for buyers seeking a fenced agricultural land investment in the Salem, Oregon area.

Key Highlights

  • EFU‑designated farmland with level, usable acreage
  • Fully fenced property
  • Easy access from a paved road

Property Analytics

Current Use

Agricultural land / Farmland

Suggested Use

Top Pick Electrical Service Gym & Fitness Center Parking Lot & Garage Furniture & Home Goods Accounting Firm Grocery & Convenience 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

Yes
Fenced yard
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

31
Businesses Nearby

Demographics for 97304, OR

34,102
Population
14,547
Households
2.3
Avg Household Size
40
Median Age
39%
College-Educated
93%
High-School Grad
56.8 sq mi
ZIP Area
600
Density / Sq Mi
$91,731
Median Household Income
$53,370
Median Earnings
$1,441
Median Rent
$469,500
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Agricultural land / Farmland - Level, usable farmland with full fencing and easy access from a paved road in EFU zoning.
Where is this agricultural land / farmland located?
The property is located at TA 341853 Michigan City Ln NW Salem, OR.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: EFU‑designated farmland with level, usable acreage; Fully fenced property; Easy access from a paved road
More about this property
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