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    144 Main St Independence, OR 97351

    Sponsored
    For Sale
    $1,000,000

    Prime Commercial Land, High-Return Potential

    Property size:
    5,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional commercial property, located at 144 S Main Street in Independence, Oregon (zip code 97351), presents a unique investment opportunity. The 4,356 square foot lot features a meticulously restored and structurally reinforced building, historically known as the "Belt Building" and formerly home to Main Street Antiques. The building, constructed in 1890, boasts 5,150 square feet of versatile space. The ground floor offers an ideal layout for retail, office, or food service businesses. Upstairs, a fully renovated, spacious two-bedroom, one-bathroom apartment with laundry facilities provides additional income potential. Adding to the property's value is an oversized two-car garage with high ceilings and a restroom. The property enjoys a highly visible location on Main Street, directly across from Riverfront Park's fountain, ensuring excellent foot traffic and exposure. The asking price for this remarkable property is $1,000,000. This is a rare chance to acquire a piece of Independence's history with significant upside potential for savvy investors and business owners. The property's blend of commercial and residential space, coupled with its prime location and recent renovations, makes it a truly exceptional offering.

    Property Features for 144 Main St

    General Information

    Property type
    Land
    Square Feet
    5,150 SF

    Building Details

    Year Built
    1890

    HighLights

    • $1,000,000 asking price.
    • 5,150 square foot lot.
    • 1890 construction.
    • 4,356 square foot lot size.
    • Located at 144 S Main Street, Independence, OR 97351.
    Property Profile Location Intelligence

    Current Use by Public Records

    Coho Realty Real Estate Agency Kelsey Bruce Real ... Real Estate Agent Shawn Shukle -Coho ... Real Estate Agent

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Independence
    County
    Polk
    State
    Oregon
    Longitude
    -123.1847651
    Latitude
    44.8525555

    Nearby Comparable

    • $1,050,000
      5,150 SF

      Historic "Belt Building" For Sale

      Iconic, renovated mixed-use building in downtown Independence, Oregon.
      144 S Main St, Independence, OR 97351
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    • $1,000,000
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      OR. This historic property

      known for housing Main Street Antiques
      144 Main St, Independence, OR 97351
      View Details
    • $1,000,000
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      OR. This historic property

      known for housing Main Street Antiques
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    • $895,000
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      Iconic Independence Retail Building

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      Historic Independence Office Duo

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      Independence Oregon Industrial Property

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      Heavy-Industrial Land with Rail Access

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      Industrial Zoned Land in Independence

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    • $899,990
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      Monmouth, OR 4-Plex Investment

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    Nearby Similar for Sale

    • $1,050,000
      5,150 SF

      Historic "Belt Building" For Sale

      Iconic, renovated mixed-use building in downtown Independence, Oregon.
      144 S Main St, Independence, OR 97351
      View Details
    • $5,999,999
      17 SF

      Independence Oregon Industrial Property

      Industrial property with development potential in Independence, Oregon.
      596 Hoffman Rd, Independence, OR 97351
      View Details
    • $495,000
      0.04 Acres

      Historic Independence Office Duo

      Two renovated buildings, 100% leased.
      Monmouth St, Independence, OR 97351
      View Details
    • $1,000,000
      5,150 SF

      OR. This historic property

      known for housing Main Street Antiques
      Independence, OR 97351
      View Details
    • $895,000
      2,750 SF

      Iconic Independence Retail Building

      Historic Charm, Multi-Tenant, High ROI
      Independence, OR 97351
      View Details
    • $1,000,000
      5,150 SF

      OR. This historic property

      known for housing Main Street Antiques
      144 Main St, Independence, OR 97351
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, High-Return Potential
    Where is this land located?
    The property is located at 144 Main St Independence, OR.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 asking price.; 5,150 square foot lot.; 1890 construction.
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    144 Main St Independence, OR 97351
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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
    144 Main St Independence, OR 97351
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