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    815 Santiam Blvd Mill City, OR 97360

    Sponsored
    For Sale
    $525,000

    Prime Restaurant/Retail Space, $525,000

    Property size:
    2,464 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,464-square-foot retail property, located at 815 NW Santiam Blvd in Mill City, Oregon (97360), presents a unique investment opportunity. Situated on a 0.55-acre lot with Highway 22 frontage and two convenient access points, this single-story building boasts ample on-site parking and a pre-existing pole sign. Built in 1950 and extensively renovated in 2019, the property features a gross lease structure and is currently 100% occupied as open retail and production space. The interior retains some restaurant-grade equipment, including stainless steel appliances, a flat top, hood system, and a walk-in refrigerator/freezer, offering flexibility for various uses. Two restrooms are conveniently located within the space. Recent upgrades include a new roof, insulation, and HVAC system (installed 3-4 years ago). The property is zoned for Commercial Highway use (APN: 541959/958) and offers significant potential as a single or multi-tenant investment. The asking price is $525,000, translating to $213.07 per square foot. This turnkey property is ready for immediate occupancy and presents a compelling opportunity for a savvy investor seeking a strong return on investment in a desirable location.

    Property Features for 815 Santiam Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    2,464 SF
    Lot Size
    23,958 SF

    Building Details

    Year Built/Renovated
    1950/2019
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 2,464 SF retail building on a 0.55‑acre lot in Mill City, OR.
    • Highway 22 frontage with two access points and ample parking.
    • 100% occupied with a gross lease structure.
    • Recently renovated (2019) with new roof, insulation, and HVAC.
    • $525,000 asking price ($213.07/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Rex Images Promotions Screen Printer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Department Store Food Market

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

    Location Insight

    • Map
    • Local Demand
    City
    Mill City
    County
    Marion
    State
    Oregon
    Longitude
    -122.4863302
    Latitude
    44.7576295

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    Nearby Similar for Sale

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      Retail Building on Highway Frontage

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    FAQs

    What type of property is this?
    Individual retail property - Prime Restaurant/Retail Space, $525,000
    Where is this individual retail property located?
    The property is located at 815 Santiam Blvd Mill City, OR.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: 2,464 SF retail building on a 0.55-acre lot in Mill City, OR.; Highway 22 frontage with two access points and ample parking.; 100% occupied with a gross lease structure.
    Request Owner's contact information
    815 Santiam Blvd Mill City, OR 97360
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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
    815 Santiam Blvd Mill City, OR 97360
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