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    315 Front St Detroit, OR 97342

    For Sale
    $1,900,000

    104 Units, 2.07 Acres, $1.9M

    Property size:
    28,080 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    Exceptional investment opportunity: a 28,080 square foot self-storage facility in Detroit, Oregon, situated on a 2.07-acre lot. This property, constructed in 2018, boasts 104 units ranging in size from 120 to 480 square feet, catering to the high demand for RV and boat storage in this popular lake destination. The facility is conveniently located along the N Santiam Highway, close to Detroit Lake, approximately 50 miles east of Salem. Features include a fully fenced perimeter with an automated security gate. The property is currently not in operation and is being sold as real estate only. The unit breakdown is as follows: 52 units measuring 10' x 12', 26 units at 30' x 12', and 26 units at 40' x 12'. Detailed financial projections are available upon request. This presents a unique chance to acquire a well-positioned asset in a thriving recreational area. The asking price is $1,900,000.

    Property Features for 315 Front St

    General Information

    Property type
    Specialty properties
    Square Feet
    28,080 SF
    Lot Size
    90,169 SF

    Building Details

    Units
    104

    HighLights

    • $1,900,000 asking price.
    • Special purpose property with 104 units.
    • 28,080 square feet on a 2.07‑acre lot.
    • Located at 315 Front St, Detroit, OR 97342.
    • Constructed in 2018, fully fenced with an automated security gate.
    • Currently not operating; sold as real property only.
    Property Profile Location Intelligence

    Current Use by Public Records

    Detroit Storage Units Boat Storage Facility

    Map

    City
    Detroit
    County
    Marion
    State
    Oregon
    Longitude
    -122.14853
    Latitude
    44.733038

    Nearby Similar for Sale

    • $1,900,000
      28,080 SF

      Detroit Self-Storage Investment Opportunity

      104 Units, 2.07 Acres, High Potential
      Front St, Detroit, OR 97342
      View Details

    FAQs

    What type of property is this?
    Specialty property - 104 Units, 2.07 Acres, $1.9M
    Where is this specialty property located?
    The property is located at 315 Front St Detroit, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: $1,900,000 asking price.; Special purpose property with 104 units.; 28,080 square feet on a 2.07-acre lot.
    (503) 587-4777
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    Detroit, OR 97342
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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
    315 Front St Detroit, OR 97342
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