Downtown Salem Office Suites
For Lease
Contact for pricing
245 Commercial St SE, Salem, OR 97301
Customizable office suites in high-traffic downtown Salem location.
Space Size981 SF - 1,141 SF
Property Size17,665 SF
Days on Market1208
Property Features for 245 Commercial St SE
General Information
Standard status
Active
Size
981 SF - 1,141 SF
Property subtype
Office
Lease Type
Full Service
Building Details
Building Size
17,665 SF
Tenancy
Multiple
Spaces For Lease
at 245 Commercial St SE Contact us- Size
- 1,114 SF
- Type
- Office
- Lease Type
- Full Service
- Availability
- Active
Suite 100-1
- Size
- 1,141 SF
- Type
- Office
- Lease Type
- Full Service
- Availability
- Active
Suite 100-2
- Size
- 981 SF
- Type
- Office
- Lease Type
- Full Service
- Availability
- Active
Suite 100-3
Listing Agency:
SMI Real Estate
(503) 390-6060
Listed By:
Elesa Doll · License #OR 200708163
Source:
Crexi
Added: May 5, 2023
Changed: Aug 19
Last Checked: Aug 23 at 7:09AM
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 SMI Real Estate
Investment Insights
Based on property information with market context.
Located at the corner of Commercial St & Ferry St, a block from Riverfront Park, 245 Commercial is a high-traffic professional building in Downtown Salem's CB District. The 1st floor suite is being customized into 4 smaller office suites ranging from 981 to 1544 square feet with a range of layouts. Suite 200 is a corner office suite offering approximately 2,505 rentable square feet and has 5 private offices, a huge reception area, a work room/storage area, a breakroom, and a professional corner conference room. This space features high-end finishes throughout. The suites will share common restrooms, a lobby, and a large breakroom. The building is elevator served and includes private parking and excellent signage. The lease rate is $2.25 per square foot per month, gross lease, with pass-through increases on operating expenses. Full-service base lease with pass-throughs on any tenant's percentage of property tax, insurance, and utility increases annually starting Year 2. High visibility and location across from the Salem. Construction to begin Spring 2025.
Key Highlights
- High‑visibility corner location at Commercial St & Ferry St in Downtown Salem's CB District.
- Customizable 1st‑floor office suites ranging from 981‑1544 SF with various layouts.
- Suite 200 (2,505 RSF) features 5 private offices, large reception, conference room, and high‑end finishes.
Property Analytics
Property Profile
Current Use
Lease Details
Gross
Lease Type
Location Intelligence
Trade Area within ½ mile
3,870
Businesses Nearby
Explore this area
Business Placement
Demographics for 97301, OR
56,393
Population
21,419
Households
2.6
Avg Household Size
34
Median Age
18%
College-Educated
81%
High-School Grad
11.3 sq mi
ZIP Area
4,991
Density / Sq Mi
$57,497
Median Household Income
$33,220
Median Earnings
$1,197
Median Rent
$310,800
Median Home Value
Market
Lease Benchmarks for Salem, OR
$25.98 /SF/Yr
Avg Asking Price
$16.2–$54.55 /SF/Yr
Price Range
8,855 SF
Avg Space Size
This space is priced 4% above the average of $25.98 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Customizable office suites in high-traffic downtown Salem location.
Where is this office units located?
The property is located at 245 Commercial St SE Salem, OR.
What is the lease rate?
The lease rate is $27 SF/Yr.
What are key features of this property?
This property features: High‑visibility corner location at Commercial St & Ferry St in Downtown Salem's CB District.; Customizable 1st‑floor office suites ranging from 981‑1544 SF with various layouts.; Suite 200 (2,505 RSF) features 5 private offices, large reception, conference room, and high‑end finishes.
