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    565 Union St Salem, OR 97301

    Sponsored
    For Lease
    $18 SF/Yr

    Downtown Salem office, multiple suites.

    Lot size:
    252 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional office property at 565 Union St NE, Salem, Oregon, offers a variety of spaces ideal for businesses seeking a central location. Currently, 2,268 square feet are available for lease across multiple suites, with one particular suite measuring 252 square feet. The building features a mix of executive and traditional office spaces, providing flexibility for various business needs. Each suite includes private office areas and dedicated storage space. The property boasts a highly desirable walk score of 85, reflecting its convenient location within Salem's vibrant downtown core. Its strategic corner location at Union & Church Street NE places it within easy reach of public transportation, including several bus routes and just three blocks from the main bus terminal. The property's zoning is designated as CB, and its proximity to the Marion County Courthouse (within three blocks) further enhances its appeal. This is an excellent opportunity for businesses seeking a well-located, functional, and accessible office space in the heart of Salem, Oregon. The address is 565 Union St NE, Salem, OR 97301.

    Property Features for 565 Union St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    252 SF

    Unit(s) available at that property

    Space
    Suite 208B
    Size
    252 SF
    Rate per SF
    $18

    HighLights

    • Prime downtown location.
    • Centrally located, zoned for commercial business use.
    • Ample parking: 3.2 spaces per 1,000 square feet.
    • Full‑service asking rent: $1.50 to $1.70 per square foot (excluding janitorial).
    Property Profile Location Intelligence

    Current Use by Public Records

    Cox Sandi Family Counselor Grant Neda L Family Counselor Kassirer Ishara Counselor Salem Pastoral Counseling ... Family Counselor Youth Villages Non-Profit Organization

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Building Supply 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
    -123.0333562
    Latitude
    44.945168

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Salem office, multiple suites.
    Where is this office property / space located?
    The property is located at 565 Union St Salem, OR.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown location.; Centrally located, zoned for commercial business use.; Ample parking: 3.2 spaces per 1,000 square feet.
    Request Owner's contact information
    565 Union 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
    565 Union St Salem, OR 97301
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