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Former School with Redevelopment Potential
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92250 School House St, Marcola, OR 97454

Former Marcola elementary school with multiple buildings and land parcels.

Property Size25,266 SF
Lot Size3.55 Acres
Price / SF$16.58
Days on Market556

Property Features for 92250 School House St

General Information

Standard status Active
Size 25,266 SF
Lot size 3.55 Acres
Property subtype Special Purpose
Zoning Rural Public Facility

Building Details

Year Built 1960
Year Renovated 1980
Buildings 5
Stories 1
Listing Agency: ICON Real Estate Group
Listed By: Elizabeth Kellogg · License #OR 201230032
Source: Crexi
Added: Feb 10, 2025 Changed: Aug 8 Last Checked: Aug 19 at 10:48PM

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 ICON Real Estate Group

Investment Insights

Based on property information with market context.

This former Marcola elementary school, situated on 3.55 acres, presents endless potential for a variety of uses. The property includes five buildings, formerly used as a school, with amenities such as a gymnasium with a stage, a commercial kitchen, locker rooms, multiple classrooms, bathrooms, office spaces, wide hallways, janitor's closets, a boiler room, a former playground, and field spaces. A detached modular classroom is also included. The sale includes four additional land parcels, totaling 3.55 acres, with all five parcels zoned RPF (rural public facility). Potential buyers include schools, churches, religious organizations, camps, non-profits, youth enrichment groups, athletic training facilities, theaters or performance and lesson spaces for dance, music, drama, and performing arts, fine art studios, community centers, community gardens, medical facilities, or mixed-use spaces. The property is located in a residential neighborhood, approximately 12 miles from I-5, 15 miles from downtown Springfield, and 18 miles from the University of Oregon. The property currently has no electricity due to vandalism. It is being sold as-is.

Key Highlights

  • Significant price reduction: now listed at $425,000, reflecting a substantial price per square foot ($16/sq ft).
  • Large land parcel: includes 3.55 acres across 5 parcels, offering ample space and development potential.
  • Versatile RPF zoning: suitable for a wide range of uses including schools, religious organizations, community centers, and medical facilities.

Property Analytics

Current Use

Schools

Suggested Use

Top Pick HVAC Service Storage Facility Garden Center Kitchen & Bath Showroom Computer & Electronic Repair Auto Repair Shop

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

Location Intelligence

Trade Area within ½ mile

37
Businesses Nearby

Demographics for 97454, OR

1,382
Population
443
Households
3.1
Avg Household Size
51
Median Age
18%
College-Educated
94%
High-School Grad
60.3 sq mi
ZIP Area
23
Density / Sq Mi
$96,488
Median Household Income
$40,240
Median Earnings
$994
Median Rent
$422,200
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
School - Former Marcola elementary school with multiple buildings and land parcels.
Where is this school located?
The property is located at 92250 School House St Marcola, OR.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Significant price reduction: now listed at $425,000, reflecting a substantial price per square foot ($16/sq ft).; Large land parcel: includes 3.55 acres across 5 parcels, offering ample space and development potential.; Versatile RPF zoning: suitable for a wide range of uses including schools, religious organizations, community centers, and medical facilities.
(541) 514-3700 Call to check price and availability
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