Two-Level Remodeled Retail
550 S Main St Lebanon, OR 97355
For Sale
$1,795,000
Fully remodeled in 2020 with a new membrane roof and four HVAC units installed in 2025.
Property Size10,545 SF
Price / SF$170.22
Days on Market285
Property Features for 550 S Main St
General Information
- Standard status
- Active
- Size
- 10,545 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency:
Keller Williams Realty Mid-Willamette - Gillott Team
(541) 990-7785
Listed By:
Laura Gillott · License #920300248
(541) 990-7785
Source:
Allprofessionalsre
Added: Oct 14, 2025
Changed: Jul 25
Last Checked: Jul 25 at 10:21AM
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 Keller Williams Realty Mid-Willamette - Gillott Team
Investment Insights
Based on property information with market context.
This two-level retail building was completely remodeled in 2020. Building systems have been updated, including electrical (400 amp 3-phase), lighting, plumbing, interior walls/doors, floor coverings, and bathrooms. A new membrane roof was installed, along with four new HVAC units in 2025. The property also features a lift elevator installed in 2025.
The building is located at 550 S Main St in Lebanon, OR and contains 10,545 SF of space. Multiple tenants are currently leased, including an anchor tenant with a lease term out to 2031. A restaurant and reception area are available during business hours, and complete showings are available only after an accepted offer. Please do not contact tenants.
The building is located at 550 S Main St in Lebanon, OR and contains 10,545 SF of space. Multiple tenants are currently leased, including an anchor tenant with a lease term out to 2031. A restaurant and reception area are available during business hours, and complete showings are available only after an accepted offer. Please do not contact tenants.
Key Highlights
- Completely remodeled in 2020, including updated electrical, plumbing, interior walls/doors, floor coverings, and bathrooms
- 400 amp 3‑phase electrical service and new lighting included in the 2020 remodel
- New membrane roof and 4 new HVAC units installed in 2025
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $340.4k | $32.28 |
| − Vacancy | −$108.9k | −$10.33 |
| EGI | $231.5k | $21.95 |
| − OpEx | −$69.4k | −$6.59 |
| NOI | $162.0k | $15.37 |
10,545 SF · lease $32.28/SF/yr · vacancy 32.00% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,600 @ 7.0% cap · market cap 9.67%
Second Best
Retail
$2.31M
$2.03M – $2.70M
NOI $162,027 @ 7.0% cap · market cap 9.03%
Theoretical Best
Office A
$3.07M
$2.69M – $3.58M
NOI $215,037 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mugs Coffee House
Cafe & Coffee Shop
MBVA Building
Business Park
Jeremy Massari
Loan Service
American Pacific Mortgage ...
Loan Service
loanDepot
Loan Service
FAQs
What type of property is this?
Retail space - Fully remodeled in 2020 with a new membrane roof and four HVAC units installed in 2025.
Where is this retail space located?
The property is located at 550 S Main St Lebanon, OR.
What is the asking price?
The asking price for this property is $1,795,000.
What are key features of this property?
This property features: Completely remodeled in 2020, including updated electrical, plumbing, interior walls/doors, floor coverings, and bathrooms; 400 amp 3‑phase electrical service and new lighting included in the 2020 remodel; New membrane roof and 4 new HVAC units installed in 2025
