Flex Space with Rail Spur
For Sale
$2,100,000
Pending
500 NW Cherry Lane, Madras, OR 97741
Commercial Sale, Madras, OR
Property Size3,000 SF
Lot Size5.04 Acres
Days on Market130
Property Features for 500 NW Cherry Lane
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
AD - AirportDev
Exterior features
Rail Spur
Lot features
Fenced, Level
Directions
From US 26 west on Cherry Lane, property on right after RR tracks.
Standard status
Pending
APN
13249
Size
3,000 SF
Lot size
5.04 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
22543
Utilities
Sewer type
Public Sewer
Heating system
Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
2019
Floors in Building
2
Number of units
3
Flooring type
Concrete, Vinyl, Carpet
Building materials
Steel Frame
Roof type
Metal
Listing Agency:
RE/MAX Key Properties · RE/MAX International
(541) 728-0033
Listed By:
Dan C Steelhammer
(541) 728-0033
Added: Apr 13
Changed: Aug 19
Last Checked: Aug 20 at 9:06AM
MLS# 220219163
Copyright © 2026 Oregon Data Share. 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.
Modern flex/industrial and ag buildings featuring a 16,400 square foot steel frame facility with multiple offices, a conference room, reception, and two +/- 4,800 square foot industrial suites. The building also includes some second-floor semi-finished storage areas. Operations are supported by five large grade level roll up doors, with additional amenities including a scale and scale house and a large outdoor storage building described as plastic skin, metal frame construction with concrete bunks (no heat).
The property is located in the Airport Development zone, allowing many agricultural and industrial uses. Exterior features include a rail spur. The owner currently leases adjacent property from the City of Madras for rail spur access and additional yard area, and a new owner can negotiate a similar lease with the City if desired.
Built in 2019, the facility includes central air cooling and forced air, natural gas heating, with public water and public sewer. Roof materials are metal, and interior flooring includes vinyl, carpet, and concrete.
The property is located in the Airport Development zone, allowing many agricultural and industrial uses. Exterior features include a rail spur. The owner currently leases adjacent property from the City of Madras for rail spur access and additional yard area, and a new owner can negotiate a similar lease with the City if desired.
Built in 2019, the facility includes central air cooling and forced air, natural gas heating, with public water and public sewer. Roof materials are metal, and interior flooring includes vinyl, carpet, and concrete.
Key Highlights
- 5.04‑acre site in the Airport Development zone
- 16,400 SF steel frame flex/industrial building plus second‑floor semi‑finished storage
- Two +/- 4,800 SF industrial suites
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
92
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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 Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Modern flex/industrial buildings on 5.04 acres with 5 large grade level roll up doors and Airport Development zoning.
Where is this flex space located?
The property is located at 500 NW Cherry Lane Madras, OR.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 5.04‑acre site in the Airport Development zone; 16,400 SF steel frame flex/industrial building plus second‑floor semi‑finished storage; Two +/- 4,800 SF industrial suites
