Mixed-Use Property with
For Sale
$799,000
725 Shipping St NE, Salem, OR 97301
Two-level commercial building with event, hospitality, office, and redevelopment possibilities under MU-II zoning.
Property Size10,260 SF
Price / SF$77.88
Days on Market20
Property Features for 725 Shipping St NE
General Information
Standard status
Active
Size
10,260 SF
Property subtype
Mixed Use
Zoning
MU-II
Property Condition
Severity
Repairs Needed
Evidence
will require significant improvements
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Amenities
ballroom
full bar
kitchen
storage
lounge
dining area
meeting rooms
storage yard
Building Details
Year Built
1950
Buildings
1
Stories
2
Listing Agency:
KITHKIN REAL ESTATE
(503) 930-2786
Listed By:
BRANDON FAHLMAN · License #200701012
Source:
Wisser
Added: Aug 9
Changed: Aug 28
Last Checked: Aug 28 at 8:14AM
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 KITHKIN REAL ESTATE
Investment Insights
Based on property information with market context.
Located at 725 Shipping St NE in Salem, this 10,260-square-foot mixed-use property includes a 5,170-square-foot upper level and a 5,090-square-foot main level. The upper floor contains a ballroom, restrooms, full bar, kitchen, and storage. The main floor offers a lounge, additional bar and kitchen areas, offices, dining space, restrooms, and meeting rooms. Constructed in 1950, the building is currently leased month to month and the ballroom continues to be used regularly.
The property is zoned Mixed-Use MU-II and includes a fenced, graveled storage yard. Existing utility access serves the site, while the yard provides space that could support parking, outdoor dining, food trucks, or future construction. A site plan for a 12-unit apartment building has been approved, and the property is positioned near downtown Salem, local transit, shopping, major employment hubs, and the I-5 corridor. Significant improvements are required to fully utilize the building’s areas.
The property is zoned Mixed-Use MU-II and includes a fenced, graveled storage yard. Existing utility access serves the site, while the yard provides space that could support parking, outdoor dining, food trucks, or future construction. A site plan for a 12-unit apartment building has been approved, and the property is positioned near downtown Salem, local transit, shopping, major employment hubs, and the I-5 corridor. Significant improvements are required to fully utilize the building’s areas.
Key Highlights
- 10,260 SF mixed‑use building with 5,170 SF upper level and 5,090 SF main level
- MU‑II zoning with an approved site plan for a 12‑unit apartment building
- Upper level includes a ballroom, full bar, kitchen, restrooms, and storage
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,482
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level commercial building with event, hospitality, office, and redevelopment possibilities under MU-II zoning.
Where is this mixed-use property located?
The property is located at 725 Shipping St NE Salem, OR.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 10,260 SF mixed‑use building with 5,170 SF upper level and 5,090 SF main level; MU‑II zoning with an approved site plan for a 12‑unit apartment building; Upper level includes a ballroom, full bar, kitchen, restrooms, and storage
