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    236 Main St Myrtle Creek, OR 97457

    Sponsored
    For Sale
    $275,000

    Historic building, 3,000 sq ft, $275,000

    Property size:
    3,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3,000-square-foot retail property, located at 236 N Main St in Myrtle Creek, Oregon, presents a unique investment opportunity. Situated on a 0.11-acre lot in the heart of the retail and business district, this single-story, 1939-built building boasts a rich history and numerous modern upgrades. Currently operating as a bakery, the space features a fully equipped commercial kitchen, including instant hot water and a robust 400-amp electrical service. An ADA-compliant restroom ensures accessibility, while a new membrane roof provides peace of mind. Ample storage is available in both the full basement and attic. The property also includes a fenced dog park area, an EV charging station, and benefits from prominent ODOT freeway signage. Zoned C1, this versatile space is ideal for a variety of uses, including a continuation of the existing bakery business, a deli, catering operation, or general retail or office space. The property is offered at $275,000 ($91.67/sq ft), with inventory and equipment sold separately. The property has been successfully operating for 11 years and is currently 100% occupied. The APN is R15830.

    Property Features for 236 Main St

    General Information

    Property type
    Individual retail properties
    Square Feet
    3,000 SF
    Lot Size
    4,792 SF

    Building Details

    Year Built
    1939
    Buildings
    1
    Stories
    1
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Myrtle Creek
    County
    Douglas
    State
    Oregon
    Longitude
    -123.2904281
    Latitude
    43.0255015

    Nearby Comparable

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    Nearby Similar for Sale

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    • Contact for pricing
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      Myrtle Creek Commercial Building

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    • $5,200,000
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      Valley View Plaza: Myrtle Creek, OR

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    FAQs

    What type of property is this?
    Individual retail property - Historic building, 3,000 sq ft, $275,000
    Where is this individual retail property located?
    The property is located at 236 Main St Myrtle Creek, OR.
    What is the asking price?
    The asking price for this property is $275,000.
    Request Owner's contact information
    236 Main St Myrtle Creek, OR 97457
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    Myrtle Creek, OR 97457
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    236 Main St Myrtle Creek, OR 97457
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