Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    223 Commercial St Salem, OR 97301

    Sponsored
    For Lease
    $27 SF/Yr

    Historic Salem Office Space, 14 Suites Available

    Lot size:
    14,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This beautifully renovated, two-story building in Salem, Oregon's central business district (CBD) offers 14,850 square feet of prime office space across 18 suites. The property, known as the Starkey Building, is located at 223 Commercial St NE, 97301, and features a mix of traditional, executive, and creative office spaces, with a minimum divisible space of 185 square feet. Currently, 2,946 square feet are vacant. The building boasts modern amenities including a high-glass wall shared conference room on the second floor, an elevator, and shared bathrooms. Security features ensure a safe and productive work environment. Tenants will appreciate the common areas with additional seating. A unique offering includes ten fully furnished micro salon suites ranging from 85 to 193 square feet, each featuring sliding glass doors, VLP flooring, and dimmable lighting. Two larger, fully furnished private salon suites with two salon stations and black cabinetry sinks are also available. Landlord provides industry-standard chairs, and internet is included in the full-service lease rates. This exceptional property presents a rare opportunity in Salem's vibrant downtown core. The building's historic charm is complemented by modern updates, creating a sophisticated and functional workspace.

    Property Features for 223 Commercial St

    General Information

    Property type
    Office space
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    14,850 SF
    Total Rate
    33412.5

    Building Details

    Buildings
    1
    Stories
    2

    Unit(s) available at that property

    Space
    219
    Size
    352 SF
    Rate per SF
    $27
    Space
    211
    Size
    217 SF
    Rate per SF
    $27
    Space
    140E
    Size
    135 SF
    Rate per SF
    $16,800
    Space
    160E
    Size
    137 SF
    Rate per SF
    $19,200
    Space
    144
    Size
    193 SF
    Rate per SF
    $21,600
    Space
    142
    Size
    189 SF
    Rate per SF
    $21,600
    Space
    140D
    Size
    85 SF
    Rate per SF
    $13,200
    Space
    140C
    Size
    111 SF
    Rate per SF
    $13,200
    Space
    140B
    Size
    115 SF
    Rate per SF
    $13,200
    Space
    140A
    Size
    118 SF
    Rate per SF
    $13,200
    Space
    160D
    Size
    115 SF
    Rate per SF
    $13,200
    Space
    160C
    Size
    121 SF
    Rate per SF
    $13,200
    Space
    160B
    Size
    121 SF
    Rate per SF
    $13,200
    Space
    160A
    Size
    163 SF
    Rate per SF
    $13,200
    Property Profile Location Intelligence

    Current Use by Public Records

    Sean & Susan, Reed ... Real Estate Agent Alyssa Rife Hairdresser Hailey Sells, Realtor Real Estate Agent Sara Guthrie Counselor Contact Lewis Design, ... Graphic Designer

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness 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
    -123.0399495
    Latitude
    44.9418706

    Nearby Similar for Lease

    • $24 SF/Yr
      6,118 SF

      Sophisticated Office Space in Salem

      Premier office space in Salem's business and government hub.
      1241 State St, Salem, OR 97301
      View Details
    • $24 SF/Yr
      250 SF

      Move-in Ready Salem Office Space

      Two Class B office buildings near Willamette University.
      1215 State St, Salem, OR 97301
      View Details
    • $2 SF/Yr
      105,457 SF

      Retail Suite in Anchored Center

      Turnkey retail suite with high visibility and traffic.
      1140 Wallace Rd NW, Salem, OR 97304
      View Details
    • $1.25 SF/Yr
      82,422 SF

      Downtown Salem Office Space Available

      Remodeled office space in downtown Salem near Capitol Mall.
      280 Church St NE, Salem, OR 97301
      View Details
    • $2 SF/Yr
      28,362 SF

      Premier Office Campus in Salem

      High-quality office space with amenities and convenient location.
      650-680 Hawthorne Ave SE, Salem, OR 97301
      View Details
    • $725,000
      1,185 SF

      Charming Historic Office Cottage in Salem

      Beautifully appointed, centrally located office space with parking.
      1415 Commercial St SE, Salem, OR 97302
      View Details
    • $2 SF/Yr
      8,050 SF

      Downtown Salem Office Space

      Trendy, multi-level office space in downtown Salem available December 2024.
      120 Liberty St NE, Salem, OR 97301
      View Details
    • $1.80 SF/Yr
      2,773 SF

      Updated Creekside Office Space

      Two-story office with creek views, updated in 2019.
      4160 Commercial St SE, Salem, OR 97302
      View Details
    • $25 SF/Yr
      52,000 SF

      Class A Office Space Available

      Prime 3,016 SF suite in Salem's prestigious Meridian building.
      777 Commercial St SE, Salem, OR 97301
      View Details
    • $2,750,000
      568 SF

      Mixed-Use Property in Salem

      Versatile mixed-use property with retail, office, and warehouse space.
      3545 Portland Rd NE, Salem, OR 97301
      View Details
    • $24 SF/Yr
      1,553 SF

      Retail Space in Oak Park Plaza

      Retail space available in high-volume, Safeway-anchored shopping center.
      3278-3380 Lancaster Dr NE, Salem, OR 97305
      View Details
    • $0.95 SF/Yr
      23,218 SF

      Spacious Retail Space in Salem

      23,218 SF retail space available in March 2026.
      299 D St NE, Salem, OR 97301
      View Details

    FAQs

    What type of property is this?
    Office space - Historic Salem Office Space, 14 Suites Available
    Where is this office space located?
    The property is located at 223 Commercial St Salem, OR.
    What is the lease rate?
    The lease rate is $27-$21,600 SF/Yr.
    Request Owner's contact information
    223 Commercial St Salem, OR 97301
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 Commercial St
    Salem, OR 97301
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    223 Commercial St Salem, OR 97301
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.