Full-Block Mixed-Use
New
For Sale
$8,899,999
400 High St NE, Salem, OR 97301
Vacant former department store with flexible CB zoning, structured parking, loading infrastructure, and a private mall connection.
Property Size170,000 SF
Lot Size2.65 Acres
Price / SF$52.35
Days on Market3
Property Features for 400 High St NE
General Information
Standard status
Active
Size
170,000 SF
Lot size
2.65 Acres
Property subtype
Retail
Zoning
CB
Additional Details
Opportunity Zone
Yes
Traffic Count
35,000 vehicles/day
Amenities
private skybridge
five-story secured parking structure
multiple loading docks
truck wells
freight elevator
high clear heights
Listing Agency:
Portland
(503) 542-5480
Listed By:
Scott Logan · License #201206413
(503) 542-5480
Source:
Colliers
Added: Aug 14
Changed: Aug 15
Last Checked: Aug 16 at 3:01AM
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 Portland
Investment Insights
Based on property information with market context.
This vacant former department store occupies a 2.65-acre block and contains approximately 170,000 square feet across three primary retail levels, along with office, utility, and storage areas. Building infrastructure includes high clear heights, multiple loading docks, truck wells, and a freight elevator. A five-story secured parking structure provides more than 600 stalls, with several direct entry points into the building. The property also includes a private skybridge connecting to Salem Center Mall, which features national retailers including Kohl’s, American Eagle, Victoria’s Secret, Kay Jewelers, and Famous Footwear.
Located at 400 High Street NE in downtown Salem, the site has signalized intersections at all four corners and combined traffic volumes exceeding 35,000 vehicles per day. Oregon State Capitol, Willamette University, and Salem Hospital are within walking distance. The property carries flexible CB zoning and is situated within both an Opportunity Zone and the Downtown Salem Revitalization Zone.
Located at 400 High Street NE in downtown Salem, the site has signalized intersections at all four corners and combined traffic volumes exceeding 35,000 vehicles per day. Oregon State Capitol, Willamette University, and Salem Hospital are within walking distance. The property carries flexible CB zoning and is situated within both an Opportunity Zone and the Downtown Salem Revitalization Zone.
Key Highlights
- Approximately 170,000 square feet across three primary retail levels
- 2.65‑acre full‑block site at 400 High Street NE in downtown Salem
- Five‑story secured parking structure with more than 600 stalls
Property Analytics
Property Profile
Current Use
Lease Details
35,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
3,239
Businesses Nearby
Explore this area
Business Placement
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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Vacant former department store with flexible CB zoning, structured parking, loading infrastructure, and a private mall connection.
Where is this mixed-use property located?
The property is located at 400 High St NE Salem, OR.
What is the asking price?
The asking price for this property is $8,899,999.
What are key features of this property?
This property features: Approximately 170,000 square feet across three primary retail levels; 2.65‑acre full‑block site at 400 High Street NE in downtown Salem; Five‑story secured parking structure with more than 600 stalls
