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    190 High St Salem, OR 97301

    Sponsored
    For Sale
    $5,025,000

    Iconic Salem building, 30,937 sq ft, prime location.

    Property size:
    30,937 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional mixed-use property, known historically as the Chemeketa Lodge No. 1 and Odd Fellows Building, is now offered for sale at $5,025,000. Located at 190 High St NE in Salem, Oregon (zip code 97301, APN 073W27AB90006), this landmark building boasts 30,937 square feet spread across three stories. Built in 1900, this iconic structure offers a unique blend of commercial spaces, including restaurant, storefront, and traditional office areas, making it ideal for a variety of uses. The property is zoned CB and has undergone significant infrastructure and theatre upgrades totaling approximately $2.5 million in recent investments. The building's central location in Salem's historic district has made it a community gathering hub for over a century. This presents a rare opportunity to acquire a piece of Salem's rich history and a highly versatile commercial property with substantial potential. The property consists of one building and is situated on a single parcel. The price per square foot is $162.43. Detailed financial information is available upon request and execution of a non-disclosure agreement.

    Property Features for 190 High St

    General Information

    Property type
    Individual retail properties
    Square Feet
    30,937 SF

    Building Details

    Buildings
    1
    Stories
    3

    HighLights

    • 30,937 SF mixed‑use building on 073W27AB90006.
    • Built in 1900.
    • Offered at $5,025,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    5 Star Donuts Donut Shop

    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
    -123.03665163791
    Latitude
    44.940686080146

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    FAQs

    What type of property is this?
    Individual retail property - Iconic Salem building, 30,937 sq ft, prime location.
    Where is this individual retail property located?
    The property is located at 190 High St Salem, OR.
    What is the asking price?
    The asking price for this property is $5,025,000.
    What are key features of this property?
    This property features: 30,937 SF mixed-use building on 073W27AB90006.; Built in 1900.; Offered at $5,025,000.
    Request Owner's contact information
    190 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
    190 High St Salem, OR 97301
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