Mixed-Use Craftsman with Commercial
For Sale
$499,000
622 S Main St, Milton Freewater, OR 97862
A 1923 Craftsman combines residential character with a finished lower level and food-service infrastructure.
Property Size4,917 SF
Price / SF$101.48
Days on Market48
Property Features for 622 S Main St
General Information
Standard status
Active
Size
4,917 SF
Property subtype
Land
Additional Details
Road Access
Yes
Amenities
dance hall
culinary garden with herbs and fruit trees
Building Details
Year Built
1923
Buildings
1
Construction
Craftsman
Listing Agency:
John L Scott Sunnyside
Listed By:
Pamela Caldwell
(509) 949-1771
Source:
Searchresultsrealtygroup
Added: Sep 12
Changed: Oct 28
Last Checked: Oct 28 at 7:53AM
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 John L Scott Sunnyside
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Investment Insights
Based on property information with market context.
Built in 1923, this 4,917-square-foot Craftsman combines a residential layout with commercial functionality under mixed-use zoning. The main level includes 5 bedrooms, 2 bathrooms, hardwood floors, built-in cabinetry, and a fireplace, creating a character-rich interior suited to the property’s live-work configuration.
The finished basement adds a dance hall and a 1/2 commercial kitchen equipped with a 3-compartment sink, hand-washing sink, and two 220V outlets. The property also includes an outdoor culinary garden with established herbs and fruit trees. Located at 622 S Main St in Milton Freewater, the building has accommodated residential and commercial use, including a tasting room, café, restaurant, vacation rental, or creative business space.
The finished basement adds a dance hall and a 1/2 commercial kitchen equipped with a 3-compartment sink, hand-washing sink, and two 220V outlets. The property also includes an outdoor culinary garden with established herbs and fruit trees. Located at 622 S Main St in Milton Freewater, the building has accommodated residential and commercial use, including a tasting room, café, restaurant, vacation rental, or creative business space.
Key Highlights
- 4,917‑square‑foot mixed‑use Craftsman built in 1923
- 5 bedrooms and 2 bathrooms with hardwood floors, built‑ins, and a fireplace
- Finished basement includes a dance hall
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,995
Cap Rate
5.81%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,900
$579.9K
Cap Rate 7%
$414,214
$414.2K
Cap Rate 9%
$322,167
$322.2K
Market Conditions
NOI Build-Up for 4,917 SF
Gross rent
$44.3K $9.00/SF
− Vacancy
−$2.8K −$0.58/SF
EGI
$41.4K $8.42/SF
− OpEx
−$12.4K −$2.53/SF
NOI
$29.0K $5.90/SF
Area
Umatilla County, OR
Vacancy
6.40%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,900
Cap Rate 7%
$414,214
Cap Rate 9%
$322,167
Alternative Uses
Best Use
Specialty Retail
$792.0K
$693.0K – $924.1K
NOI $55,443 @ 7.0% cap · market cap 11.11%
Second Best
Mixed Use
$727.0K
$636.1K – $848.2K
NOI $50,891 @ 7.0% cap · market cap 10.20%
Theoretical Best
Office A
$1.03M
$900.6K – $1.20M
NOI $72,051 @ 7.0% cap · market cap 14.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
312
Businesses Nearby
22k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 88%
Shops & Services 12%
Safeway
Groceries
19,212 visits/mo
0.4 miles
Les Schwab Tire Center
Shops & Services
2,453 visits/mo
0.5 miles
U.S. Bank
Shops & Services
269 visits/mo
0.5 miles
Demographics for 97862, OR
11,512
Population
5,245
Households
2.2
Avg Household Size
39
Median Age
13%
College-Educated
79%
High-School Grad
292.9 sq mi
ZIP Area
39
Density / Sq Mi
$54,013
Median Household Income
$32,787
Median Earnings
$858
Median Rent
$225,400
Median Home Value
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A 1923 Craftsman combines residential character with a finished lower level and food-service infrastructure.
Where is this mixed-use property located?
The property is located at 622 S Main St Milton Freewater, OR.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 4,917‑square‑foot mixed‑use Craftsman built in 1923; 5 bedrooms and 2 bathrooms with hardwood floors, built‑ins, and a fireplace; Finished basement includes a dance hall
