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    181 High St Salem, OR 97301

    Sponsored
    For Lease
    $18 SF/Yr

    Downtown Salem Office Suites, Flexible Sizes

    Lot size:
    38,450 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Salem's Historic Grand, a landmark building constructed in 1900, offers a unique opportunity for businesses seeking prime office space in Salem's vibrant Central Business District (CBD). This three-story building, encompassing 38,450 square feet, features a diverse mix of executive and traditional office suites, along with retail and other commercial spaces. The property boasts a highly desirable location at the corner of High St NE and Court St NE, benefiting from excellent visibility and high traffic counts of 7,870 vehicles per day. With a walk score of 79, the building provides easy access to a variety of amenities, including restaurants and cafes. Available spaces range from a minimum of 225 square feet to a maximum contiguous space of 7,015 square feet, offering flexibility for businesses of all sizes. The building includes 24 parking spaces and features modern amenities such as secured entry with on-site security cameras and access to shared conference rooms. On-site property management ensures efficient operations. The property sits on a 0.5-acre lot and is zoned for CBD use. Currently, 13,827 square feet of space is vacant, presenting a significant opportunity for new tenants. Lease rates are competitive, ranging from $1.58 to $2.05 per square foot, full-service less janitorial. The building's rich history and central location make it an ideal choice for businesses seeking a prestigious and convenient address in Salem's downtown core. The building consists of eight total suites.

    Property Features for 181 High St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    38,450 SF
    Total Rate
    60751

    Building Details

    Year Built
    1900
    Stories
    3

    Unit(s) available at that property

    Space
    Suite 202
    Size
    300 SF
    Rate per SF
    $24
    Space
    Suite 204
    Size
    502 SF
    Rate per SF
    $24
    Space
    Brick Room
    Size
    4,000 SF
    Rate per SF
    $18
    Space
    Suite 211/212
    Size
    629 SF
    Rate per SF
    $24

    HighLights

    • 38,450 SF mixed‑use building (Retail & Office) with 13,827 SF currently vacant.
    • Multiple suites available, ranging from 225 SF to 7,015 SF contiguous.
    • Located in Salem's Central Business District (CBD), Marion County, at the corner of High St NE and Court St NE.
    • Historic building (1900), three stories, with 24 parking spaces and a 0.5‑acre lot.
    • Full‑service lease rates range from $1.58/SF to $2.05/SF (excluding janitorial).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Salem
    County
    Marion
    State
    Oregon
    Longitude
    -123.03677286789
    Latitude
    44.940450416035

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Salem Office Suites, Flexible Sizes
    Where is this office property / space located?
    The property is located at 181 High St Salem, OR.
    What is the lease rate?
    The lease rate is $18-$24 SF/Yr.
    What are key features of this property?
    This property features: 38,450 SF mixed-use building (Retail & Office) with 13,827 SF currently vacant.; Multiple suites available, ranging from 225 SF to 7,015 SF contiguous.; Located in Salem's Central Business District (CBD), Marion County, at the corner of High St NE and Court St NE.
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    181 High St Salem, OR 97301
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    Salem, OR 97301
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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
    181 High St Salem, OR 97301
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