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Salem Industrial Flex Space Available
For Lease
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1500 McGilchrist St SE, Salem, OR 97302

Industrial flex building with warehouse and office space for lease.

Space Size4,005 SF - 11,140 SF
Days on Market728

Property Features for 1500 McGilchrist St SE

General Information

Standard status Active
Size 4,005 SF - 11,140 SF
Class B
Property subtype Industrial
Lease Type NNN

Building Details

Tenancy Multiple

Spaces For Lease

at 1500 McGilchrist St SE Contact us

Suite 1500

Size
4,005 SF
Type
Industrial
Lease Type
NNN
Availability
Active
Contact us

Suite 1510

Size
11,140 SF
Type
Industrial
Lease Type
NNN
Availability
Active
Contact us
Listing Agency: Hancock Real Estate
Listed By: Terry Hancock · License #OR 200110013
Source: Crexi
Added: Sep 4, 2024 Changed: Aug 23 Last Checked: Aug 31 at 4:07AM

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 Hancock Real Estate

Investment Insights

Based on property information with market context.

Located on the McGilchrist corridor in Salem, this concrete tilt industrial flex building offers two suites for lease. Suite 1500 provides a total area of 4,005 square feet, including 2,858 square feet of warehouse space and 1,147 square feet of office/showroom area. The larger Suite 1510 features 11,140 square feet, with 8,860 square feet designated for warehouse use and 2,280 square feet for office space. The property is zoned Industrial General, accommodating a range of uses such as general wholesaling and manufacturing, warehousing and distribution, retail nurseries and lawn and garden supply stores, and financial institutions.

Key Highlights

  • Located directly on the McGilchrist corridor in Salem
  • Two suites available: 4,005 SF and 11,140 SF
  • Concrete tilt industrial flex building

Property Analytics

Current Use

American Lighting Supply General Contractor

Suggested Use

Top Pick Pharmacy Grocery & Convenience Store Storage Facility Parking Lot & Garage Hotel & Motel (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.62 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,173
Businesses Nearby
Balanced
Demand for This Use

Demographics for 97302, OR

39,776
Population
17,888
Households
2.2
Avg Household Size
41
Median Age
43%
College-Educated
95%
High-School Grad
23.5 sq mi
ZIP Area
1,693
Density / Sq Mi
$83,697
Median Household Income
$44,623
Median Earnings
$1,230
Median Rent
$415,200
Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Similar Off Market Nearby

  • Simply Plated Catering 2980 19th St SE, Salem, OR 97302
  • Oregon Beverage Services 2713 19th St SE, Salem, OR 97302
  • Dynasys Inc 1825 12th St SE, Salem, OR 97302

Frequently Asked Questions

What type of property is this?
Flex space - Industrial flex building with warehouse and office space for lease.
Where is this flex space located?
The property is located at 1500 McGilchrist St SE Salem, OR.
What is the lease rate?
The lease rate is $10.80 SF/Yr.
What are key features of this property?
This property features: Located directly on the McGilchrist corridor in Salem; Two suites available: 4,005 SF and 11,140 SF; Concrete tilt industrial flex building
(503) 371-1234 Call to check price and availability
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