Drive-Thru Retail Bank
590 Union Ave Grants Pass, OR 97527
For Sale
$1,200,000
Former bank branch with three drive-thru lanes, monument signage, and 28 parking spaces on a 0.62-acre lot.
Property Size3,648 SF
Lot Size0.62 Acres
Price / SF$328.95
Days on Market248
Property Features for 590 Union Ave
General Information
Standard status
Active
Size
3,648 SF
Lot size
0.62 Acres
Listing Agency:
Pulver and Leever Real Estate
(541) 773-5391
Listed By:
William J Leever · License #780301889
(541) 773-5391
Source:
Exprealty
Added: Nov 24, 2025
Changed: Jul 26
Last Checked: Jul 29 at 3:45PM
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 Pulver and Leever Real Estate
Investment Insights
Based on property information with market context.
This former Rogue Credit Union branch building has been meticulously maintained and is offered for sale. The property includes a large electronic monument sign and is configured with three drive-thru lanes to support walk-up and vehicle traffic flow. Parking is available with 28 spaces.
The building is located prominently between Redwood Highway and Union Avenue, with drive-thru access off the highway side. Public remarks describe the site as a high-traffic location.
The offering consists of an approximately 3,648 SF building on a 0.62-acre lot.
The building is located prominently between Redwood Highway and Union Avenue, with drive-thru access off the highway side. Public remarks describe the site as a high-traffic location.
The offering consists of an approximately 3,648 SF building on a 0.62-acre lot.
Key Highlights
- Approx. 3,648 SF former Rogue Credit Union branch building on a 0.62‑acre lot
- Three drive‑thru lanes for high‑traffic customer service
- Huge electronic monument sign included
Financial Insights For Specialty 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 | $59.1k | $16.20 |
| − Vacancy | −$3.7k | −$1.00 |
| EGI | $55.4k | $15.20 |
| − OpEx | −$13.9k | −$3.80 |
| NOI | $41.6k | $11.40 |
3,648 SF · lease $16.20/SF/yr · vacancy 6.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$593.9K
$519.7K – $692.9K
NOI $41,575 @ 7.0% cap · market cap 3.46%
Second Best
Retail
$452.6K
$396.1K – $528.1K
NOI $31,685 @ 7.0% cap · market cap 2.64%
Theoretical Best
Office A
$827.1K
$723.8K – $965.0K
NOI $57,900 @ 7.0% cap · market cap 4.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Bank - Former bank branch with three drive-thru lanes, monument signage, and 28 parking spaces on a 0.62-acre lot.
Where is this bank located?
The property is located at 590 Union Ave Grants Pass, OR.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Approx. 3,648 SF former Rogue Credit Union branch building on a 0.62‑acre lot; Three drive‑thru lanes for high‑traffic customer service; Huge electronic monument sign included
